NFL.com’s Michael Lombardi reports that Alex Smith has officially re-signed with the 49ers.
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ESPN’s Chris Mortensen reports that the San Francisco 49ers are “in the process of finalizing a deal” with QB Alex Smith. Mortensen adds that the contract is expected to pay him $8 million annually.
This is a similar contract to the one that the 49ers previously had on the table for Smith while he was jockeying for more leverage with the Dolphins. It’s not surprising to see this deal finally get done but it certainly wasn’t supposed to take this long.
We posted an article earlier that mentioned that the 49ers are still interested in QB Josh Johnson despite wanting to retain Smith, so that could be a topic to watch in the coming days.
We have Smith listed as the #3 best available free agent in our Top 50 Free Agents list.
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