Contract details:
3/20/2012: Signed a three-year, $24 million contract. The deal contains $16.5 million guaranteed. Another $9 million is available through incentives.
Alex Smith contract negotiations
According to the Associated Press, Alex Smith's new three-year deal with the 49ers contains $16.5 million in guarantees and could climb as high as $33 million.
Even as they held all of the leverage, the 49ers gave in quite a bit. While Smith is still likely to earn $8 million per season, the guarantees went up from a reported $10 million in the standing offer. It's fair to wonder if the Niners will regret not going with Colin Kaepernick and a veteran backup rather than overpaying for mediocrity.
Contract:3 yr(s) / $24,000,000 Signing Bonus - Average Salary $8,000,000 End Year:2014 Free Agent:2015 / Unrestricted
PREVIOUS CONTRACTS
2011-2011
Team:San Francisco 49ers
Contract: 1 yr(s) / $4,900,000
Free Agent Type:UFA
2011: 4,000,000
Incentives: $900k
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2005-2010
Team:San Francisco 49ers
Contract: 6 yr(s) / $49,500,000
Free Agent Type:UFA
2005: 500,000
2006: 1,050,000
2007: 1,675,000
2008: 2,300,000
2009: 2,925,000
2010: 4,750,000
Incentives: $8.5 million
Signing Bonus: $24 million
TRANSACTIONS (Contract history)
Mar 20 2012
Signed a 3 year $24 million contract with San Francisco (SF)
Jul 29 2011
Signed a 1 year $5 million contract with San Francisco (SF)
Jul 25 2005
Signed a 6 year $49.5 million contract with San Francisco (SF)
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