Wed Sep 10, 2008 5:26 pm EDT
Back in 2005, the San Francisco 49ers signed #1 overall pick Alex Smith to a six-year, $49.5 million contract, with $24 million guaranteed. Today, Smith was placed on injured reserve, a move that will likely end the small-handed quarterback's career in the Bay Area after three disappointing seasons. Smith will have collected approximately $30 million for his 11 wins (against 19 losses) and 19 touchdown passes, numbers that can only advance the argument that the NFL needs to institute an NBA-like rookie salary structure as soon as possible.
Alex Smith never should have been taken #1 (it was apparent to some in 2005 that he was the product of Urban Meyer's offensive system at Utah), but it's not the 49ers fault that they had to pay him all that money. In today's NFL, it takes that much guaranteed cash to sign any top pick and unless there's a sure-fire, can't-miss talent who's destined for the Hall of Fame atop the Draft (like, say, Michael Vick) no team will be willing to trade up for the rights to pay $30 million to some guy who merely happens to be the best of a weak draft crop.
It's the 49ers bad luck that they got the top pick in a thin draft, just like the Dolphins did this year. I mean, I'm sure Bill Parcells is happy with Jake Long, but you know it killed him to have to fork over all those dollars to a kid who was getting pushed around by a dude on App State at this time one year ago. The element of draft luck won't change with a salary structure, but teams will stop getting penalized when there aren't any worthy players to pick.
Roger Goodell has expressed interest in looking at a salary structure. The NFLPA says they'll fight it, but it stands to reason that all the money not getting paid to rookies would find its way to league veterans, so the Union's hesitance could be a negotiating ploy.
Photo via Getty Images
Shutdown Corner is an NFL blog edited by Matthew J. Darnell. Email him, and follow him on Twitter.

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40 Comments
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If Jake Long get's nearly 58 million, with 30 of it guaranteed, how much can a (healthy) Orlando Pace or Bryant McKinnie ask for on their next deal?
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All this money with so little play
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If you were hired for a job and they guaranteed you at least 24 million bucks, no matter what happens.... how much effort are you going to put into that job?
Now say they hire you and say that your pay will be based on your performance. How much effort will you then put into it.
This is also evident in Free agency...although I am not saying that should be done away with. Just pointing out that high priced free agents rarely earn their money. Look at the Raiders right now. Young offense full of guys that have already been paid before producing...and a verteran defense that has been paid just to show up. The incentive is not there to perform. Yeah, yeah, pride should take over...but I bet they are beaming with pride every time they cash another Al Davis big fat paycheck.
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if the current system is so bad for owners, then why don't they just do away with the draft altogether? rookies would come into the league simply as free agents. the answer is: because it serves their interests to bound the incoming rookies to a single team and limit their negotiating leverage.
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