A look under the hood at the Jaxon Smith-Njigba contract extension

SEATTLE, WASHINGTON - JANUARY 25: Jaxon Smith-Njigba #11 of the Seattle Seahawks runs with the ball during an NFC Championship NFL football game against the Los Angeles Rams at Lumen Field on January 25, 2026 in Seattle, Washington. (Photo by Michael Owens/Getty Images) | Getty Images Late on Friday, the Super Bowl champion Seattle Seahawks announced that they had exercised the fifth year options of both 2023 first round picks in cornerback Devon Witherspoon and wide receiver Jaxon Smith-Njigba. That, for those who have been following the offseason here at Field Gulls was a giant bat signal that John Schneider had very likely reached agreement on a contract extension with both of the young stars which would soon be announced.

Then, early Monday reports emerged that Seattle had, indeed, reached agreement on a massive extension with JSN, making him the highest paid wide receiver in NFL history and the highest paid player in franchise history. Now, thanks to a report from Mike Florio, the details of the extension are known already posted at OverTheCap. com.

Breaking the contract down into its individual pieces, it looks like this: Signing bonus: $35M (fully guaranteed) 2027 option bonus: $30M (fully guaranteed) 2029 option bonus: $10M (guaranteed for injury, vests into full guarantee in February 2028) 2026 base salary: $1. 25M (fully guaranteed) 2027 base salary: $1. 531M (fully guaranteed) 2028 base salary: $18.

837M (guaranteed for injury at signing, vests to full guarantee in February 2028) 2029 base salary: $19. 9M (guaranteed for injury at signing, vests to full guarantee in February 2029) 2030 base salary: $32. 2M 2031 base salary: $37.