In professional sports, few stories captivate as much as that of Alex Smith. He is a former football quarterback and played in the NFL for 16 seasons. From overcoming hardship to achieving success, Smith’s journey has been of notable mark. His journey has not only earned him recognition but also substantial financial rewards. And this article delves into Alex Smith net worth and salary details. Let’s start exploring his journey from the beginning.
Who is Alex Smith?
Alexander Douglas Smith, mostly known as Alex Smith, is an American former football quarterback. Born in 1984 in Washington, Smith grew up in La Mesa, California. He attended Helix High School where his football talents began to flourish. Additionally, he played alongside future Heisman Trophy-winner Reggie Bush during his time at Helix.
After high school, Smith continued his football journey at the University of Utah. Smith had an exceptional college career, boasting a 21-1 record as a starter. In 2004 he even got the title of Mountain West Conference Player of the Year. Following his successful college career, Smith entered the NFL in 2005. Since then, he would go on to leave a lasting impact on the sport.
How much was Alex Smith Net Worth?
As of 2023, Alex Smith owns a net worth estimated to be around $100 million. This impressive wealth is mostly the result of his successful NFL career. As well as this has the contribution of different endorsements and investments. We’ve explored his earning sources in the later section.
Key Points to Know About Alex Smith
|Net Worth||$100 million|
|Full Name||Alexander Douglas Smith|
|Born||May 7, 1984|
|Birthplace||Bremerton, Washington, USA|
|Profession||Former professional football quarterback|
|Height||6 ft 4 in (1.93 m)|
NFL Career: Primary Source Behind Alex Smith Net Worth
Alex Smith’s NFL career began in 2005. It was when the San Francisco 49ers drafted him as the first overall pick. However, Smith faced challenges with consistency and battled injuries. That hindered his progress and limited his on-field success. Transitioning from the college game to the professional level presented its own difficulties. And Smith had to adjust to the faster pace and more complex defenses.
Breakthrough Season with the 49ers
In 2011, Smith had his breakthrough season. It was when the 49ers won their first division title and playoff since 2002. Guided by head coach Jim Harbaugh, Smith showed improved performance and decision-making on the field. With a strong defense and a balanced offense, the 49ers found success under Smith’s leadership. Eventually, they reached the NFC Championship Game for the first time since 1997. This remarkable turnaround established Smith as a respected quarterback in the league.
Setback and Emergence of Colin Kaepernick
Unfortunately for Smith, a concussion occurred in 2012. That resulted in him losing his starting position to backup quarterback Colin Kaepernick. Despite impressive performance and leading the team to success, Smith found himself on the sidelines. But this marked a significant turning point in Smith’s career. Because this transitioned him to a new team in the following season.
Success with the Kansas City Chiefs
In 2013, the Kansas City Chiefs traded Smith. There he found new opportunities for success. Under the guidance of head coach Andy Reid, Smith succeeded in complementing his strengths. He showed efficient and smart quarterback play. That led the Chiefs to four consecutive playoff appearances from 2013-2017.
Smith’s term with the Chiefs included winning their first consecutive division titles in franchise history. This also includes securing their first playoff victory since 1993 during the 2015 season. His steady leadership and ability to protect the football earned him three Pro Bowl selections.
Mentorship and Development of Patrick Mahomes
Again, in 2018, the Chiefs decided to transition to their young quarterback, Patrick Mahomes. Which led to Smith being traded to the Washington Redskins (now the Washington Football Team). Indeed this marked a change in Smith’s career. But he also played a key role in mentoring Mahomes during his time in Kansas City.
Again Smith’s guidance and support contributed to Mahomes’ development into an elite quarterback. And it culminated in Mahomes winning the NFL MVP award in 2018.
Trade to the Washington Redskins (now Washington Football Team)
After being traded to Redskins, he was expected to provide leadership and stability to the franchise. Unfortunately, during his first season with Washington, tragedy struck his luck. Because Smith suffered a severe leg injury that nearly resulted in amputation. The damage posed significant challenges and put his football career in danger.
The Remarkable Comeback and Retirement
Despite the odds, Smith ventured on a grueling and inspiring journey of rehabilitation and recovery. After undergoing multiple surgeries and a rehabilitation process, he made a remarkable comeback. Smith defied expectations and returned to the field in 2020. And once again, he showcased his resilience and determination. He took over as Washington’s starting quarterback midway through the season. Further, he led the team to a division title. And finally, he earned the prestigious NFL Comeback Player of the Year award.
In the 2021 offseason, Smith announced his retirement from professional football. His decision marked the end of a successful 16-year NFL career.
Earnings From NFL Career
According to Spotrac, Smith’s total salary reached $210 million from his 16 seasons of NFL Career. That listed him among the top 10 highest-earning players in NFL history. In fact, his NFL salary alone amounted to $106.5 million by September 2018. Here’s a breakdown of his NF salary by contract:
Entry Level Contract with the San Francisco 49ers (2005-2010)
Smith signed a 6-year, $53.5 million contract with the San Francisco 49ers. That bragged an average annual salary of $8.9 million.
Contract Extension with the San Francisco 49ers (2009-2010)
He secured a 2-year, $6.5 million contract with the San Francisco 49ers, including a $2 million signing bonus, $2 million guaranteed, and an average annual salary of $3.2 million.
One-Year Contract with the San Francisco 49ers (2011)
Continuing his tenure with the 49ers, Smith inked a 1-year, $4.9 million contract in 2011
Extended Contract with the San Francisco 49ers (2012-2014)
Smith signed a 3-year, $27.7 million contract extension with the San Francisco 49ers, which included $9 million guaranteed and an average annual salary of $9.2 million.
Contract with the Kansas City Chiefs (2014-2018)
At first, Smith joined the Kansas City Chiefs, inking a 1-year, $3.6 million contract. Then it led to a significant 4-year, $68 million contract extension. This included a generous $18 million signing bonus, $45 million guaranteed, and an average annual salary of $17 million.
Contract with the Washington Redskins (2018-2022)
Smith joined the Redskins signing a lucrative 4-year, $94 million contract. This deal included a $27 million signing bonus, $71 million guaranteed, and an average annual salary of $23.5 million.
Alongside his football career, Smith has attracted endorsements from various brands. Companies such as Nike, Visa, and Verizon have sought to collaborate with the accomplished quarterback. According to reports, Smith earned an impressive $41 million between 2017-2018, combining salary and endorsements. This put him among the top 20 highest-paid athletes worldwide.
What happened to Alex Smith?
He suffered a severe leg injury, breaking his fibula and tibia. So he had to undergo surgery and received screws to help it heal.
Why did Alex Smith retire?
It’s due to his previous leg injury and the toll it took on his body.
Did Alex Smith get a ring?
No. during his NFL career, Alex Smith didn’t receive any championship ring.
In summary, Alex Smith’s NFL career has resulted in significant financial success. Earning over $210 million from salary alone, he ranks among the wealthiest NFL players. And Alex Smith net worth truly reflects the impact he has made.