Raiders to move on from Geno Smith after one season despite $75 million extension: reports

If they cannot find a trade partner before the start of the new league year Wednesday, the Raiders will release the 35-year-old, according to multiple reports.

After the trade, Smith signed a two-year, $75 million contract extension with the Raiders, making $40 million last season. By releasing Smith, the Raiders will incur an $18.5 million dead cap hit but get $8 million in salary cap relief.

The Raiders were also set to pay Smith an additional $8.5 million in guaranteed money on the third day of the league year but will avoid paying that by releasing him sooner.

It is also the second straight offseason that new head coach Klint Kubiak has moved on from Smith. The Seahawks traded Smith after Kubiak was hired as the team's offensive coordinator last year and will release him with Kubiak as the Raiders head coach.