According to Pro Football Talk, San Francisco 49ers quarterback Alex Smith, the first overall selection in the 2005 NFL Draft, has agreed to a new two-year deal. Earlier, the 49ers had stated that if Smith did not renegotiate his contract, he would likely be released.

Specifics about the contract are not yet available. However, Pro Football Talk mentions that "it's normal two-year money for a backup-type deal, but all in all a fair package."