Counting the $8 million he was owed this season, Smith is set up to earn $76 million over the next five seasons for an average of $15.2 million annually. Smith has $45 million of his deal guaranteed and will receive $30 million at the time of signing.
— SportsCenter (@SportsCenter) August 31, 2014
Smith recently stated that he was not interested in a deal like the one given to Cincinnati quarterback Andy Dalton. Smith’s new deal is worth more guaranteed and carries a higher annual salary – $1.3 million more than Dalton.
The Chiefs figure to continue to rely on their ground game with running back Jamaal Charles again penciled for a heavy workload. Even so Smith set career highs with 23 touchdown passes while earning a reserve role for the Pro-Bowl.