Alex Smith To Take Pay Cut

Matt Maiocco, of The Santa Rosa Press Democrat, reports the San Francisco 49ers announced that they have agreed with QB Alex D. Smith on a pay reduction as part of a new two-year contract. Financial terms of the deal were not disclosed. “We have reached an agreement with Alex and his agent to keep him as a member of the San Francisco 49ers,” general manager Scot McCloughan said. “Alex expressed a deep interest to remain with the team and that feeling was mutual.”