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Rookie Smith, 49ers agree to six-year contract

ESPN.com news services

Monday, July 25, 2005

The San Francisco 49ers signed quarterback Alex Smith, the No. 1 overall pick in the 2005 draft, to a $49.5 million, six-year contract on Tuesday. Smith Smith will receive $24 million in guaranteed money, which includes his bonus. Smith's average annual salary of $8.25 million tops the $7.5 million average the Giants gave to quarterback Eli Manning, the first pick in the 2004 draft. The $24 million in guarantees for Smith is a 20 percent increase over Manning's deal -- Manning had $20 milli ...

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