New York have agreed to terms with the Raiders on a trade to acquire Smith and a 2026 seventh-round pick in exchange for a 2026 sixth-round pick, Adam Schefter of ESPN reports.

EDGE Analysis

The next chapter of Smith's storied career will feature his return to the team that selected him in the second round of the 2013 Draft, and where he spent the first four years of his NFL career. Of course, it wasn't until his three years as a starter with Seattle from 2022-24 that Smith finally blossomed, earning two Pro Bowls and throwing for over 4,000 yards on two occasions. The 35-year-old signal-caller fell down to earth in rough fashion while playing behind Las Vegas' pourous offensive line in 2025, but the Jets will hope the veteran can find his footing again upon returning to New York, where he will benefit not only from superior protection behind a group anchored by tackles Olu Fashanu and Armand Membou, but also a pair of valuable offensive playmakers in WR Garrett Wilson (knee) and RB Breece Hall (knee). Smith's arrival may also mean Justin Fields (knee) is no longer in the team's plans.

Barring a trade, the Raiders will release Smith (ankle) prior to the start of the new league year March 11, Adam Schefter of ESPN reports.

EDGE Analysis

Smith, who is now entering his age-36 season, will depart Las Vegas after just one season with the team, as the Raiders are widely projected to select a new starting quarterback with the No. 1 overall pick in the 2026 NFL Draft. After a resurgent three-year stint in Seattle from 2022-24, Smith's inaugural campaign with Las Vegas represented a significant decline, as he completed 67 percent of his passes for just 3,025 yards and a 19:17 TD:INT. Ian Rapoport of NFL Network reports that the Raiders have aggressively worked to manufacture a potential trade for Smith in recent days, but it's likelier the veteran signal-caller draws interest on the free-agent market than in a scenario where suitors have to part with draft capital to acquire him. Smith missed Week 18 due to an ankle issue but does not appear to still be dealing with any injury, given he's been the subject of trade talks.

Smith (ankle) has been ruled out for Sunday's season finale against the Chiefs.

EDGE Analysis

With Smith out for the contest, coach Pete Carroll noted Friday (without naming a QB starter) that Kenny Pickett and Aidan O'Connell would be in a rotation Sunday, Levi Edwards of the Raiders' official site reports. In his first season with the 2-14 Raiders, Smith threw for 3,025 yards to go along with 19 TDs and 17 picks in 15 games. Though the veteran signal-caller currently is under contract with Las Vegas through the 2027 season, it's very possible that the team will be using one of the top picks in the 2026 NFL Draft on a QB.

Coach Pete Carroll noted Wednesday that Smith (ankle) is not in line to play Sunday against the Chiefs, Ryan McFadden of ESPN.com reports.

EDGE Analysis

Smith emerged from Week 17 action with a concerning ankle injury, and in terms of the QB's availability versus Kansas City, Carroll said, "I hate closing the door on any opportunity, but it's going to be really hard for him." With that in mind, look for Smith to be officially ruled out by Friday, and in that scenario Carroll indicated that he expects Kenny Pickett and Aidan O'Connell to compete for the Week 18 starting nod, adding that he anticipates both signal-callers seeing action this weekend.

Coach Pete Carroll clarified Monday that Smith avoided a high-ankle sprain but is still dealing with a significant ankle injury after exiting Sunday's loss to the Giants, Ryan McFadden of ESPN.com reports.

EDGE Analysis

Smith seems highly unlikely to play in next Sunday's regular-season finale against the Chiefs. Kenny Pickett will likely draw the start against Kansas City. The Smith acquisition by Las Vegas has gone about as poorly as imaginable, as Smith is 2-13 across his 15 starts and leads the league with 17 interceptions. He'll likely be one-and-done with the Raiders.

Head coach Pete Carroll said after Sunday's 34-10 loss to the Giants that Smith has a high-ankle sprain, Ryan McFadden of ESPN.com reports.

EDGE Analysis

Smith exited in the second half due to an ankle injury, which has since been determined to be a high-ankle sprain. Such injuries typically recover multiple weeks to recover from, so Smith is unlikely to be available for the regular-season finale against the Chiefs. Kenny Pickett would be in line to start in Week 18 if Smith is unavailable. The Raiders would secure the first overall pick in the 2026 NFL Draft with a loss to Kansas City.

Smith (ankle) has been ruled out for the remainder of Sunday's contest against the Giants.

EDGE Analysis

Smith was initially listed as questionable after injuring his ankle early in the fourth quarter, but he's now been ruled out with under two minutes remaining in Sunday's contest and Las Vegas down 34-10. If Smith's ankle injury impacts his availability for the Raiders' regular-season finale against Kansas City in Week 18, Kenny Pickett will stand to close out the team's 2025 campaign under center.

Smith (ankle) is questionable to return to Sunday's game against the Giants, Ryan McFadden of ESPN.com reports.

EDGE Analysis

Smith limped off the field under his own power in the fourth quarter with the Raiders already down 27-10. If Smith is unable to return Sunday, Kenny Pickett will pilot Las Vegas' offense as the team attempts to orchestrate an unlikely comeback. Smith completed 20 of 28 pass attempts for 176 yards, one touchdown and two interceptions before his departure.

Smith (lower body) was forced out of Sunday's contest against the Giants in the fourth quarter and walked to the locker room under his own power, Charlotte Carroll of The Athletic reports.

EDGE Analysis

Smith left Sunday's contest with the Raiders already down 27-10. The veteran quarterback completed 20 of 28 pass attempts for 176 yards, one touchdown and two interceptions before being forced off the field. Kenny Pickett will line up under center for Las Vegas as long as Smith remains sidelined.

Smith (shoulder/back) completed 16 of 23 pass attempts for 201 yards, two touchdowns and an interception in Sunday's 23-21 loss to the Texans.

EDGE Analysis

Smith returned from a one-game absence and nearly led the Raiders to an unexpected victory against one of the toughest defensive units in the league. The veteran signal-caller threw multiple touchdown passes for the fifth time in 14 starts with Las Vegas, highlighting his underwhelming play since becoming the team's starter this past offseason. Despite his overall struggles, Smith performed well in his return from injury and could be a sneaky fantasy play in deeper formats against an inconsistent Giants defense next Sunday.