SUMMARY
- Smith-Njigba’s extension ties him to Seattle through the 2031 season, following the Seahawks’ exercise of his 2027 fifth year option.
- The contract eclipses Ja’Marr Chase’s previous wide receiver high of $40.25 million average annual value.
- The deal could influence divisional rivals, including the Los Angeles Rams, as Puka Nacua enters the final year of his contract.
SEATTLE — Jaxon Smith-Njigba, the reigning NFL Offensive Player of the Year, has agreed to a four year, $168.6 million contract extension with the Seattle Seahawks, making him the highest paid wide receiver in league history, sources told ESPN on Monday.
The deal averages $42.15 million per year and includes over $120 million guaranteed, surpassing previous wide receiver records.
The extension secures Smith-Njigba, 24, a two time Pro Bowler, as a cornerstone of Seattle’s offense.
His 2025 season featured career highs with 119 receptions, 1,793 receiving yards, and 10 touchdowns, earning him first team All Pro honors.
Drafted in the first round of 2023, Smith Njigba joins a Seahawks roster that has recently extended key young players, including left tackle Charles Cross (2022 first round pick) and cornerback Devon Witherspoon (2023 first round pick, extension eligible).
Seattle’s investment reflects a broader trend of escalating contracts for elite wide receivers.
“Smith-Njigba’s contract signals a market shift for top receivers,” said Brad Spielman, senior NFL analyst at the Sports Business Journal.
“Teams are prioritizing elite offensive talent to maintain competitiveness.” NFLPA economist Julie Kaye added, “Guaranteed money over $120 million emphasizes long term financial security in player negotiations.”
Seahawks GM Gabe Reid said, “Jaxon is a transformative player for our franchise.” Smith-Njigba added, “Seattle has believed in me from day one, and I’m committed to our success.”
The extension positions Seattle as a long term contender and sets a new benchmark for wide receiver compensation across the NFL, likely influencing upcoming negotiations for stars like Puka Nacua.
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