by Adam Gretz
After missing the 2008 season with a shoulder injury, it was possible that Alex Smith's tenure as a San Francisco 49er was over. Despite the injury, and the fact his play, when healthy, has been rather disappointing for a No. 1 overall pick, the 49ers seemed interested in keeping the 24-year-old quarterback around under one condition: him being willing to take a pay cut.
On Monday, the 49ers and Smith agreed to re-work his contract, agreeing to a two-year, $6.5 million deal. According to Matt Maiocco of the Press Democrat, the reduced salary is expected to save the 49ers as much as $6 million against the league's salary cap.