The contract signed by Sean Smith with the Chiefs widely was reported as being worth $18 million over three years, for a modest average of $6 million per year. In reality, it’s even more modest than that.
Per a source with knowledge of the contract, it has a base value of only $16.5 million, which equates to an average of $5.5 million annually.
Escalators and incentives can push the number to $18 million.
Also, only $7.465 million is fully guaranteed. The 2014 base salary of $3.45 million is guaranteed for injury only, and it becomes fully guaranteed on February 7.
1. Kansas City Chiefs — Luke Joeckel, T, Texas A&M: The safe pick is to take a tackle. For now, I am sticking with Joeckel.
2. Jacksonville Jaguars — Ezekiel Ansah, DE, BYU: He is a project, but they don’t need to rush. He just needs to be a force in a year or two.
3. Oakland Raiders — Shariff Floyd, DT, Florida: The inside of their defense is a mess, and this kid is a force.
4. Philadelphia Eagles — Dion Jordan, OLB, Oregon: Even after signing Connor Barwin, you can never have enough pass rushers.
5. Detroit Lions — Barkevious Mingo, DE, LSU: They still have a huge hole at defensive end.
1. Kansas City Chiefs — Eric Fisher, OT, Central Michigan: Fisher was my pick last week and will remain the Chiefs’ pick. Nothing they have done in free agency would indicate they are headed in a different direction.
2. Jacksonville Jaguars — Luke Joeckel, OT, Texas A&M: The Jags have many needs but Joeckel will be the highest-ranked player on their board and a 10-year starter.
3. Oakland Raiders — Sharrif Floyd, DT, Florida: Nothing new on the Raiders’ front as they take an instant starter on a porous defense.