Update:
According to the CSN Bay Area, Justin Smith‘s new two-year extension frees up over $4 million in cap space for the 49ers.
Smith, 33, negotiated his own contract. He was set to make $7.5 million in base salary this season, but $6.56 million of that figure was converted into a signing bonus. Smith now makes $940,000 in base salary along with a $500,000 workout bonus and a $100,000 roster bonus.
In years 2014 and 2015, he’ll make $4.55 million and $2.65 million in respectively.
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The San Francisco 49ers have announced that they have reached an agreement with DT Justin Smith a two-year contract extension.
“Justin’s All-Pro contributions on the field, as well as his leadership on and off the field, are integral to our success,” said GM Trent Baalke.
Smith, 33, will now be under team control through the 2015 season. He was entering the final year of his current contract and was set to become an unrestricted free agent following the 2013 season in which he’s set to make $7.5 million.
His overall impact on the 49ers defense has been significant and it wouldn’t be easy for San Francisco to find an adequate replacement, so it makes sense to address his contract now.
We had Smith listed as the No. 29 player in our Top 50 – 2014 Free Agents list.
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