Colts sign Braden Smith to lucrative extension

Indianapolis Colts

JACKSONVILLE, FLORIDA – SEPTEMBER 13: Braden Smith #72 of the Indianapolis Colts lines up during the game against the Jacksonville Jaguars at TIAA Bank Field on September 13, 2020 in Jacksonville, Florida. (Photo by Sam Greenwood/Getty Images)

WESTFIELD, Ind.– Braden Smith heads into his next training camp with financial security.

The Indianapolis Colts’ veteran right tackle has signed a four-year contract extension, the team announced. ESPN is reporting the deal involves $70 million in new money and $42 million in guarantees.

Smith, a 2018 second-round draft pick, was heading into the final year of his rookie contract that had a 2021 base salary of $2.4 million.

Smith’s average over the next five seasons ($18 million) rank second among right tackles, trailing only the New Orleans Saints’ Ryan Ramczyk ($19.2 million).

He’s also the first domino to fall. The Colts also are working on a lucrative extension for All-Pro linebacker Darius Leonard.

“You’re never going to regret paying a great player,’’ general manager Chris Ballard said.

Next offseason, the Colts are expected to sign All-Pro left guard to an extension that will make him one of the league’s highest-paid offensive linemen, regardless of position.

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You can follow Mike Chappell on Twitter at @mchappell51.

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