Skip to content

Smith’s new 49ers deal saves $4 million in cap

Justin Smith AP

Justin Smith signed his new contract extension without an agent.

And in addition to saving himself the 3 percent commission, he also saved the 49ers more than $4 million in cap space this year.

According to Matt Maiocco of CSNBayArea.com, Smith’s new contract is worth an average of $4.35 million per year for 2014 and 2015, well off the $7.5 million average he was making on his old deal.

While that may be viewed as a reasonable reflection of the market for a guy who’s turning 34 this season (and whose team brought in a bunch of younger linemen), it’s also a steep drop from his previous terms.

The $8 million he was scheduled to make this year was converted into a $6.56 million signing bonus for the purpose of prorating it over the next three years. He’ll also make $940,000 in base salary with a $500,000 workout bonus and a $100,000 roster bonus. That keeps his 2013 compensation consistent with what it already was.

In 2014, he’s due to make $4.55 million ($3.15 million base and a $1.4 million roster bonus), with a $2.65 million in base salary and a $1.4 million roster bonus in 2015.

Of course, he may not play that contract out, in which case he simply helped the 49ers clear some room in the short term.

Permalink 23 Comments Feed for comments Latest Stories in: Rumor Mill, San Francisco 49ers, Top Stories
23 Responses to “Smith’s new 49ers deal saves $4 million in cap”
  1. delmonte55 says: Jun 20, 2013 11:58 AM

    No Agent=No Lawyers….Drives Florio nuts!

  2. floratiotime says: Jun 20, 2013 12:07 PM

    He’s really just a decent player. This contract pretty much reflects his worth. Average.

  3. explosionsauce says: Jun 20, 2013 12:11 PM

    The guy doesn’t care about the money. He wants his team to be able to start locking down the young talent. Would’ve been nice to have this space for Goldson but he’s not exactly a young talent at age 29.

  4. dennisatunity says: Jun 20, 2013 12:13 PM

    I’m a Seahawks fan but it doesn’t matter–good for the 49ers and good for Justin Smith! More players should be negotiating their own contracts. They can save money by not paying the commission and the team can save money, too. More importantly, the contract and the player are not held up for weeks while the agent plays games that hurt everyone (except, of course, the agent).

  5. moiamania says: Jun 20, 2013 12:17 PM

    That’s what you call a “Hometown Discount”. Good for Smith. Great for Niners.

  6. thereisfootballwestofjersey says: Jun 20, 2013 12:21 PM

    Word on the street is Smith’s pushing up 400lbs on the flat bench with one hand while drinking a protein shake with the other. Lookout! Lil’ bro Aldon is in line for another 20-plus sack season!

  7. jimmyt says: Jun 20, 2013 12:35 PM

    He’s smarter than any agent, he’s a Missouri grad. Sure wish he played on a better team. I’m afraid the Niners are going to take a few steps back this year and it may well be his last.

  8. pop562 says: Jun 20, 2013 12:42 PM

    Now the 49ers have about $6 million in free cap space to sign Eric Reid or sign a free agent at wide receiver. However, I’m thinking they’re going to try and extend Mike Iupati to a long term contract and keep one of the best o-lines intact for at least 4 or 5 years.

  9. fyreandnice says: Jun 20, 2013 12:57 PM

    Smart move by Justin Smith. He knows he only wants to play 2-3 more years and he wants to maximize his chances of winning a championship. He’s well aware that the 49ers will need to extend Iupati, Kaepernick, and Aldon Smith soon so he did what is in his, and the 49ers’, best interest.

    Agents will do what is in the best interests of the agents (see Parker, Eugene and Rosenhaus, Drew). Who benefited from Crabtree’s holdout when he was a rookie? Certainly not Crabtree! That was all about Parker’s ambitions. Hurt the team and the player to try in favor of his own agenda.

    Other than overpaying Ahmad Brooks a little bit, the 49ers front office has been very, very prudent with the way they manage personnel and contract extensions. The guys that have left the last few years were way overpaid by their new teams (Josh Morgan, Goldson, Jean-Francois, Adam Snyder, Delanie Walker off the top of my head). Keep on keeping on, HarBaalke!

  10. baymac408 says: Jun 20, 2013 1:06 PM

    This is great !! Another great move by BALKE! GO NINERS.. Justin Smith is the motor to our Defense!! He’s a Beast plain and simple

  11. phelbin says: Jun 20, 2013 1:17 PM

    I didn’t think I could possibly like this guy more than I already do. Apparently I was wrong.

  12. gosfvr says: Jun 20, 2013 1:26 PM

    This smells like another contract extension for some other good young player *this* year (Iupati?) or signing a vet that might cost some $s.
    I dont see why the niners need a lot of cap space this year – they only have Eric Reid to sign and have approx 2 mil in space.
    Maybe the rule that you can roll over cap space to next year? Not a cap expert so some educated souls can explain the rationale behind adding cap space this year?

  13. gosfvr says: Jun 20, 2013 1:28 PM

    fyreandnice says:
    Jun 20, 2013 12:57 PM
    Other than overpaying Ahmad Brooks a little bit, the 49ers front office has been very, very prudent with the way they manage personnel and contract extensions.

    —————————–

    You can not overpay a good pass rusher (I know, you can, but you get my meaning). Carlos Rogers on the other hand – vastly overpaid.

  14. channer81 says: Jun 20, 2013 1:53 PM

    Surprisingly, right before he signed his new deal, Aldon Smith called the 49ers thanking them before Justin could.

  15. jakafett says: Jun 20, 2013 2:04 PM

    “He’s really just a decent player. This contract pretty much reflects his worth. Average.”

    ——————————————–
    What planet have you been watching football on??

  16. mikeinsanfran says: Jun 20, 2013 2:12 PM

    Trent Baalke is a Ninja and every team in the NFL deserves a player like Justin Smith.

  17. ColtsWinColtsWin!! says: Jun 20, 2013 2:15 PM

    The 49ers will not even make the playoffs next year so it doesn’t really matter if they sign this guy or not.
    I would look for the Seahawks or Rams to win this division. Thank You for respecting my opinion but mostly Thank You for totally agreeing with me.

  18. peoplesrepublic0fdabayarea says: Jun 20, 2013 2:29 PM

    What planet have you been watching football on??

    ————————-

    probably seattle, home of delusionals

  19. japadacktle49 says: Jun 20, 2013 2:54 PM

    Hey Colts troll see ya September 22nd at Candlestick your welcome to sit in my section to watch your team lose(sec19 Row4). You & the Lionsdraftdouche should compare notes I bet the two of you could make magic together. You really should worry about your team & the other teams in the AFC South we have enough of your kind trolling 9ers posts!

  20. ColtsWinColtsWin!! says: Jun 20, 2013 3:11 PM

    japadacktle49 says:
    Jun 20, 2013 2:54 PM

    Seriously, you can get me tickets bro, that would be fricken awesome!!!! I hate to see a bunch of grown men cry when we stomp yall but just the fact that you would give my seats in your section is sweeeet!!

  21. ColtsWinColtsWin!! says: Jun 20, 2013 3:13 PM

    Oh, and your welcome when we beat the Seahawks, but that still won’t help you win your division!

  22. jakafett says: Jun 20, 2013 6:41 PM

    The 49ers will not even make the playoffs next year so it doesn’t really matter if they sign this guy or not.
    I would look for the Seahawks or Rams to win this division. Thank You for respecting my opinion but mostly Thank You for totally agreeing with me.

    Oh, and your welcome when we beat the Seahawks, but that still won’t help you win your division!

    ———————————–
    love all the people on these chats that attack a team. funny that when you spend more time trying to drag a team down, rather than propping yours up, it is pretty indicative that your team isn’t as good. oh and the Colts visit old SF this year…guess the Niners should just stay home out of fear of losing huh…COME ON!!!

  23. jayniner says: Jun 20, 2013 7:54 PM

    Good news/sad news…..

    He’ll finish out his career in San Fran but that could be at the end of this season.

    Thanks for all you’ve done Hoss!

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!