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.
You can follow Mike Chappell on Twitter at @mchappell51.