The Seattle Seahawks have achieved a significant milestone by signing Jaxon Smith-Njigba to the highest-paying contract for a wide receiver in NFL history. The new deal, which is a four-year extension worth $168.6 million, averages an impressive $42.15 million annually.
Details of Jaxon Smith-Njigba’s Record-Breaking Contract
The Seahawks’ decision to secure Smith-Njigba’s extension came just days after exercising the fifth-year option on his rookie contract, extending through 2027. The lucrative contract includes a guaranteed sum of $69.1 million at signing and $120.1 million for injury protection, as reported by Pro Football Talk’s Mike Florio.
Projected Earnings Over Six Seasons
With this deal, Smith-Njigba is poised to earn a total of $195.2 million over the next six seasons, averaging about $32.5 million each year. The breakdown includes various bonuses and salary structures, which are detailed as follows:
- Signing Bonus: $35 million
- Guaranteed Option Bonus for 2027: $30 million
- Option Bonus for 2029: $10 million
Year-by-Year Cash Breakdown
According to Spotrac, here is the year-by-year cash breakdown for Smith-Njigba’s contract:
Year
Cash.
2026
$36.5 million.
2027
$32.6 million.
2028
$19.9 million.
2029
$31 million.
2030
$33.3 million.
2031
$41.8 million.
Salary Cap Implications
The following outlines the projected salary cap hits for the Seahawks as it relates to Smith-Njigba’s contract:
Year
Salary Cap Hit
Percentage of Cap.
2026
$10.4 million
3.4%.
2027
$15.6 million
4.8%.
2028
$32.9 million
9.3%.
2029
$36 million
9.6%.
2030
$48.3 million
12.15%.
2031
$49 million
11.5%.
2032
$2.5 million
Void Year.
This groundbreaking contract sets a new standard for wide receivers in the league and reflects the Seahawks’ commitment to investing in their star player.