Thread: Chiefs Chiefs Sign Sean Smith
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Old 03-17-2013, 05:13 PM   #1220
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Sean Smith’s base deal: Three years, $16.5 million
Posted by Mike Florio on March 17, 2013, 7:12 PM EDT
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The 2013 cornerback market is worse than previously believed.

The contract signed by Sean Smith with the Chiefs widely was reported as being worth $18 million over three years, for a modest average of $6 million per year. In reality, it’s even more modest than that.

Per a source with knowledge of the contract, it has a base value of only $16.5 million, which equates to an average of $5.5 million annually.

Escalators and incentives can push the number to $18 million.

Also, only $7.465 million is fully guaranteed. The 2014 base salary of $3.45 million is guaranteed for injury only, and it becomes fully guaranteed on February 7.

So, basically, the top of the cornerback market is $5.5 million per year.


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