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Ravens have signed cornerback Jimmy Smith to a huge contract extension

smithThe Baltimore Ravens announced Tuesday that they’ve reach an agreement with CB Jimmy Smith on a contract extension. Jimmy Smith’s new contract is a four-year deal worth $48 million and includes $21 million fully guaranteed.

Smith gets a signing bonus of $13 million to go along with $1 million salary for the 2015 season. After that Smith receives $7 million fully guaranteed in 2016, $8.5 million in 2017, $9 million in 2018, and $9.5 million in 2019. 

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