Andre Smith has finally signed and is in Cincinnati. As reported by intrepid Bengals reporter Joe Reedy: "It is a four-year deal worth $26 million with $21 million guaranteed. The Bengals have an option after the 2010 season that would push the deal $42 million over six years with the maximum worth $50 million."
An early examination of the contract makes this blogger feel that Katie Blackburn absolutely dominated Alvin Keels, Andre Smith's agent. Bottom line: this contract puts the pressure on Smith to preform. This contract seems to be incentive-laden, with the big money only coming in if Smith hits these now unknown incentives and if the Bengals pick up the option in 2010. That doesn't give Smith much time to prove himself. If he doesn't hit these incentives or get the option picked up, the deal that Keels worked out for Smith is far worse than it seems.
Here is a great chart of how all the first round picks contracts have shaken out.