Alex Smith Contract
worth $50 Million
The 49rs made
history Monday by signing Quarterback Alex Smith. Smith became the
highest paid rookie to the National Football League (NFL) earning $24
million guaranteed. The newest 49er will be paid $49.5 million (ESPN
estimate) for a six year contract, with a potential of earning $51
million (Associated Press Estimate).
The rookie is
expected to battle veteran Tim Rattay (2-14 last year) for the starting
job. It was important for Smith to get to training camp before it
started next week.
The $24 million
bonus topped Eli Manning’s bonus of $20 million last year for signing
with the New York Giants. The San Diego Union Tribune reported that the
Smith deal could net Tom Condon of the IMG agency $8.25 million per
year. Eili Manning is also represented by Condon.
Smith led the Utah
Utes to a 12-0 season in his last year (Junior Year). He went on to
beat Pittsburgh in the BCS Bowl win at the Fiesta Bowl. He completed
185 of his 280 passes for 2,624 yards and 28 touchdowns with just four
interceptions. He rushed for 563 yards and 10 touchdowns finishing
fourth in the Heisman Trophy voting.
This deal may have set the bar for other first round draft choices.
Best Syndication Staff Writer
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