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Alex Smith signs three-year deal with 49ers

SANTA CLARA, Calif. (AP) No hard feelings on Alex Smith’s part that the San Francisco 49ers pursued Peyton Manning.

In the end, Smith is right back where he expected to be all along – with the only franchise he has ever known.

The free agent quarterback signed his three-year deal with the 49ers at last on Wednesday. It will pay him $8 million per season with $16.5 million guaranteed, according to a person with knowledge of the contract.

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