San Francisco 49ers former #1 overall draft pick Alex Smith will remain with the team after he agreed to restructure the finals two years of his contract.

“We have reached an agreement with Alex and his agent to keep him as a member of the San Francisco 49ers,” general manager Scot McCloughan said. “Alex expressed a deep interest to remain with the team and that feeling was mutual.”

The 24-year old quarterback says other teams offered him more money but he was willing to take less money just to stay with the 49ers.

“I don’t measure myself in my contract in terms of what I’m making,” said Smith. “Having gone through what I’ve gone through the last couple of years, and being on the sideline, I guess I’ve got a different perspective on this game. When it came time to restructure the contract, it wasn’t anything to do with ego. I just wanted the chance to compete.”

Alex Smith is already recognized as one of the biggest busts in NFL history but he’s still young enough to prove his critics wrong.