Smith’s deal with 49ers doesn’t include signing bonus

Niners QB Alex Smith‘s three-year deal does not include a signing bonus and is worth $8 million in 2012 — with a $5 million fully guaranteed base salary, a $3 million roster bonus and another $1.25 million in incentives.

In 2013, he has a guaranteed salary of $7.5 million, with a $1 million roster bonus and another $1.25 million in incentives.

His 2014 base of $7.5 million is not guaranteed. He has another $1.25 million available in incentives in 2014 as well.

Follow Jason La Canfora on Twitter @JasonLaCanfora.

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