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Breaking Down Steve Smith's Deal
I just got the complete details on the contract extension receiver Steve Smith signed with the Panthers on Tuesday and they’re very interesting on several levels. It’s a three-year deal with the team holding an option for the fourth year and could be worth as much as $37.8 million.
The deal includes $16.8 million in guaranteed money. Smith received a $10 million signing bonus and comes out way ahead on what he’ll earn in 2012. In addition to the signing bonus, he’ll also earn $1 million in base salary. Smith had been scheduled to earn $7.75 million in the final year of his contract. The new deal gives Smith more money, but he also frees up significant salary-cap room for the Panthers, who had less than $500,000 available before this deal.
Smith had been scheduled to count $10.7 million against the cap this year, but the new deal drops that figure to $5.96 million.
In 2013, Smith’s base salary will rise to $3.75 million and that’s guaranteed. Smith also will earn a guaranteed $4 million in base salary in 2014. That’s also the year he can collect a $3 million bonus if the Panthers elect to pick up his option for 2016.
In 2015, Smith is scheduled to make $7 million in base salary. If he gets to the option year, his base salary will rise to $9 million.
Decent deal imo.
http://espn.go.com/b...e-smiths-deal-2





57 Comments
Top 5, top 10, top 15....it changes up year to year. I have no need to debate that. He is a stud. That is all that matters.
And no....Smitty isn't totally awesome to everyone outside of Carolina. We value him more....and will pay him more than most teams.
Don't forget he punched out a reported 3 teammates, has kicked opponents in the head, cussed everyone out.....and when things don't go his way he is just a dick (see his behavior as recently as 2010). We take the bad bc we have experienced the good.....harder for other teams to overlook that stuff
I completely agree with you.
I also know with absolute certainty that an effort will be made to restructure this deal when it gets to the pivotal year. This is what Hurney does people. And quite frankly I think it's what he's best at.
If Smitty elects not to re-structure that's when it can turn into an ugly ending for him and the organization.
On another note... And I've said this before, I also expect Hurney to restructure DeAngelo's deal after the season to make room for Stewarts deal. I think this will get done as well.
In saying that I don't expect DeAngelo to get an overwhelmingly amt of touches this year, if only for the fact that Hurney can use it as leverage in making #34 restructure. He could easily say something along these lines.... We're going to split you guys' carries evenly to pro long both of your careers here. In saying that I'd like you to re-structure... As long as the players but into it, then everything is peachy. It's when they don't that it causes problems.
I have faith that this organization is going in the right direction and with players like Smitty saying " Playing for this staff and coach Rivera makes it easy to sign anything at this point" it just proves that this ship is sailing for the promised lands and a Lonbardi trophy.
Sorry for going a little off topic.
Can we still be friends!? Lol
Carry on now Mr.Negator
- yeah they were called passes...Clausen could not get them to him and he was pissing Cactus Cooler outta his eyes.
The combo of Jeff Davidson-Clausen would have Tony Dungy blinside punching guys in camp.
Im in the minority but Striking the opponent when they are not expecting it is very Ninja.. He knew Ken Lucas was going to suck as a cb...he did it for all of us. Thank you smitty..
Smitty has been a top 10 guy when healthy..but with Delhomme and the cast of clowns we had,until recently, were hot garbage tossing him the ball.
My god, who the fug cares. You do know his wife was sick in 2010 right? Maybe that's the fuging reason why he wasn't himself and the way our entire team was pure poo, JR did not show anyone he was committed to winning. He is a better teammate and a better man today. Everyone in that fuging locker room respects Smitty he is respected across this league he is a fiery competitor and a great father and husband.
We overpaid him when he signed his contract guaranteeing nothing!
What was hurney thinking! He better cut CRA or psl owners will start revolting by selling their psl's!
Thats about the time he will retire honestly.
We freed up $4.74 million with this deal now have approx 5.18mil in cap room.
Look for us to re-sign Shockey as well as another 3rd tier FA like Jason Brown or Rocky McIntosh w/that cap room.