Colts’ Braden Smith signed to 4-year extension

Indianapolis Colts

Indianapolis Colts offensive tackle Braden Smith (72) walks off the field after an NFL football game against the Chicago Bears, Sunday, Oct. 4, 2020, in Chicago. (AP Photo/Kamil Krzaczynski)

WESTFIELD, Ind.– Braden Smith heads into his next training camp with financial security.

The Indianapolis Colts’ veteran right tackle has signed a four-year contract extension, the team announced. ESPN is reporting the deal involves $70 million in new money and $42 million in guarantees.

Smith, a 2018 second-round draft pick, was heading into the final year of his rookie contract that had a 2021 base salary of $2.4 million.

Smith’s average over the next five seasons ($18 million) rank second among right tackles, trailing only the New Orleans Saints’ Ryan Ramczyk ($19.2 million).

He’s also the first domino to fall. The Colts also are working on a lucrative extension for All-Pro linebacker Darius Leonard.

“You’re never going to regret paying a great player,’’ general manager Chris Ballard said.

Next offseason, the Colts are expected to sign All-Pro left guard to an extension that will make him one of the league’s highest-paid offensive linemen, regardless of position.

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You can follow Mike Chappell on Twitter at @mchappell51.

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