The Ravens have made perhaps their biggest move of the offseason.
The team reached an agreement on a four-year contract extension with cornerback Jimmy Smith Tuesday afternoon, locking him up to a long-term deal before he enters the final year of his rookie contract. Smith is now signed through the 2019 season.
“I’m tremendously happy,” Smith said minutes after reaching the deal. “I plan on getting rings.”
The contract is reportedly worth up to $48 million over the five years, coming out to about $10.27 annually, according to NFL Media’s Albert Breer. If that report is correct, that would put Smith in the top-6 paid cornerbacks in terms of annual pay, but in a tier below the Jets’ Darrell Revis ($14.02 million annually), Cardinals’ Patrick Peterson ($14.01 million), and Seahawks Richard Sherman ($14.00 million) and Browns’ Joe Haden ($13.50 million).
“For me it was never truly about being the highest paid corner,” Smith said. “I knew I couldn’t be that on this team and be here just because of the talent already spread around. You have to pay other people, so I knew that going into it.”
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