Paul Rutherford-USA TODAY Sports
Following his trade to Atlanta, Smith agreed to take a pay cut for 2023 and 2024, and was given a $5 million signing bonus to cover the reduced pay. Smith’s salary dropped to $8.5 million from the original $11 million in 2023 and saw his 2024 salary drop from $12 million to $6.5 million. His $5 million signing bonus is included in his 2023 base salary, but for accounting reasons, is prorated over two seasons, thus cutting the cap hit in half for the bonus.
| Year | Age | Base Salary | Pro. Bonus | Roster Bonus | Guaranteed Salary | Cap Hit |
| 2023 | 28 | $3,500,000 | $2,500,000 | – | $3,500,000 | $6,000,000 |
| 2024 | 29 | $6,500,000 | $2,500,000 | – | – | $9,000,000 |
Contract value: 2 years / $15 million
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