SF signs Alex Smith

[Canadian BoyzFan]

Just saw it on another site....will get link.

http://msn.foxsports.com/nfl/story/3827052


The No. 1 pick in this year's draft will be in on time.


FOXSports.com has learned that the 49ers have agreed to terms with their top pick, and the top overall selection, Utah quarterback Alex Smith. The deal exceeds the total the Giants gave to Eli Manning, last year's No. 1 pick.


Smith's six-year contract is for $50 million and includes $24 million in bonus money, the most guaranteed money given to a rookie in the history of the NFL.

The signing of Smith is significant, as nearly every other draft pick has been waiting for the No. 1 pick's deal to get done in order to base their deals upon that contract.

Smith is expected to be the starting quarterback for the Niners this year ahead of last year's starter Tim Rattay and was signed to be the cornerstone for the next generation of 49ers football. Last year at Utah, Smith led the Utes to the first BCS bowl appearance in the school's history and guided them to a 35-7 rout of Pittsburgh in the Fiesta Bowl


This might be the first thing Glazer has scooped since Quincy Carter being released.

 

[jumanji]

overpaid...ut what did you expect

 

[dragon_mikal]

Ha.

 

[cowboyjoe]

Eagles | Patterson Agrees to Five-year Deal
Mon, 25 Jul 2005 15:47:22 -0700

The Philadelphia Eagles have agreed to terms with rookie DT Mike Patterson, a first-round draft choice out of USC, on a five-year deal. Financial terms were not disclosed.


49ers | Let the Signing Dominos Fall; Smith Agrees to Six-year Pact
Mon, 25 Jul 2005 15:41:56 -0700

Jay Glazer, of FOXSports.com, reports the San Francisco 49ers have agreed to terms with rookie QB Alex D. Smith, the No. 1 choice in this year's NFL Draft. The six-year deal is worth $50 million and includes $24 million in bonus money.


Raiders | Washington Deal Almost Completed
Mon, 25 Jul 2005 15:24:07 -0700

ESPN.com's Len Pasquarelli reports the Oakland Raiders have reached an agreement in principle with rookie CB Fabian Washington on all of the key financial parameters of his rookie deal. Washington, out of Nebraska, was a first-round draft choice this year. He will receive a five-year deal. His agent, Brian Mackler, was en route to Oakland Monday, July 25, to finalize the deal as there were some details that needed to be complete
Patriots | Mankins Signing Official
Mon, 25 Jul 2005 12:48:24 -0700

Updating previous reports, Patriots.com reports the New England Patriots have officially signed first-round draft pick OL Logan Mankins.

 

[dmq]

I agree, would have been better off trading the pick for and extra 7th.....

 

[THUMPER]

Well it's about time. Now everyone else can sign their 1st rounders.

 

[Jimz31]

I heard them say something about 20% higher than what Eli signed last year. Alot more guaranteed too. Good for Alex Smith.

 

[LandryFan]

I was under the impression that contracts cannot be extended more than two years beyond the expiration of the current CBA, which expires in 2007...meaning no rookie contracts could be spread out over more than five years. Smith's deal is reportedly for six years. Can anyone shed some light on the situation?

 

[bfelt]

I believe the situation is that signing bonuses cannot be prorated over more than a 5 year period for this year's rookie class.