The deal is for one year after the team picked up the option on the last year of his contract. Smith hopes that he will be able to sign a long-term deal later.
According to the report, the new deal will start next month, with Smith making about $2 million before the season, and the rest of his salary coming through roster bonuses during the regular season.
"It wasn’t like they said, ‘If you don’t do this, you’re cut,’” Doug Hendrickson, who represents Smith, said.
"The thought behind it is that Aldon realizes he’s been his own worst enemy. He has come a long way since he was suspended. Ultimately his goal, my goal, and the team’s goal is for him to sign a long-term contract with the Niners," Hendrickson added.
Smith played in only seven games last season after missing the first nine games for violation of the NFL's personal conduct and substance abuse policies. He recorded 15 total tackles and two sacks in 2014.
In four seasons with the 49ers, the 25-year-old Smith has 44 sacks and five forced fumbles.
- Scooby Axson