From 49ers.com:
The San Francisco 49ers announced that the team has restructured QB Alex Smith’s contract into a two-year deal. Further terms of the contract were not announced.

Said 49ers General Manager Scot McCloughan, “We have reached an agreement with Alex and his agent to keep him as a member of the San Francisco 49ers. Alex expressed a deep interest to remain with the team and that feeling was mutual.”
Smith (6-4, 217) enters his fifth NFL season after originally being drafted in the first round (1st pick overall) of the 2005 Draft by the 49ers out of Utah. He was placed on Injured Reserve for the entire 2008 season due to a shoulder injury after being limited to seven games the previous season. Smith posted career-highs in 2006 as he started all 16 games and completed 257-of-442 passes for 2,890 yards with 16 touchdowns and 16 interceptions.
I love the picture that NFP always uses for Smith. He looks like a monkey in it...
I know he has been a bust so far, but do we have to mock him further? :)
I'm still hoping that the kid can figure it out at some point. The 49ers should could use the help.
Pat Kirwan on Sirius NFL Radio reported that it's possibly 2-year, $10M. Still too much IMO.
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Mar 10, 2009
04:17 PM
The 49ers need all the help they can get at that position, lets hope they continue to improve this year, the fans deserve better.