Washington Redskins quarterback Alex Smith signed a four-year, $94 million extension with the team last week, reports NFL.com.
Smith will make $40 million this upcoming season, which includes a $27 million signing bonus, according to the report.
The deal also includes $71 million in guarantees for injury, meaning Smith is under contract for five years and $111 million.
Smith made $10.8 million in base salary last season.
He was traded in January for cornerback Kendall Fuller and a 2018 third-round draft pick.
The 33-year-old Smith led the NFL in passer rating (104.7) this season and set career-highs in passing yards (4,042) and touchdowns (26) while throwing just five interceptions.
In 12 seasons, Smith has a 88-62-1 record as a starting quarterback.