The Las Vegas Raiders have agreed to a two-year, $75 million extension with quarterback Geno Smith, a source told ESPN's Adam Schefter.
The contract has incentives that could push the total to $85.5 million and includes $66.5 million in guaranteed money, the source said.
Smith, acquired by the Raiders in a trade with the Seattle Seahawks earlier this offseason, now is under contract with Las Vegas for the next three seasons.
The Raiders had said earlier this week at the NFL's annual meeting that they were working on an extension for Smith.
Las Vegas traded a 2025 third-round pick to the Seahawks for Smith, who had one year and $31 million left on the $75 million contract he signed with Seattle in 2023.
Smith, 34, threw for a career high 4,320 yards last season, completing 70.4% of his pass attempts while throwing for 21 touchdowns with 15 interceptions. He has thrown for 19,143 yards with 105 touchdowns and 72 interceptions in 11 seasons.
