The 49ers initially signed Smith to a five-year deal on March 9, 2017 worth up to $26.5 million. He was due $3.75 million in 2019 but his salary increases from year to year peaking at $4.85 million in 2021 and counting $6.55 million against the salary cap in that final year.
We now have some details on that restructured deal, which essentially becomes a one-year deal, courtesy of OverTheCap.com and via Nick Wagoner of ESPN. The remaining years on the contract will void on March 17.
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