DE Smith and Saints Agree to New Contract

alen1 · Jun 11, 2008

Saw it on ESPN scroll bar, 6 years/70 million.

EDIT: http://sports.espn.go.com/nfl/news/story?id=3437646

brandon27 · Jun 11, 2008

Heard about this on Sirius NFL on the way home from work.. they were sayin 26 million guaranteed too. They were just starting an interview with Smith when I got out of the car... I'd say its a damn good day for him.

alen1 · Jun 13, 2008

Contrary to an Associated Press reports pegging the value of Saints defensive end Will Smith’s contract extension as having a Dwight Freeney/Jared Allen ballpark of six years and $70 million, the reality is that the deal is worth, by our calculations, $61.4 million over seven years. The value increases to $62.3 million if Smith earns a $150,000 workout bonus in each of the six seasons from 2009 through 2014.

The difference is huge. Under the version that presumably was propagated by his agent, Smith would average more than $11.5 million per year. The truth is that the deal has an average value of less than $9 million annually.

The contract contains guaranteed money in the amount of $25 million. If the non-guaranteed 2008 base salary of $700,000 is included, the practical guarantee increases to $25.7 million.
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http://www.profootballtalk.com/category/rumor-mill/

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