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CB Jimmy Smith reaches one-year extension to stay with Baltimore Ravens

OWINGS MILLS, Md. -- Cornerback Jimmy Smith will return for his 11th season with the Baltimore Ravens after reaching a one-year extension worth up to $5 million, his agent told ESPN's Adam Schefter on Thursday.

This extension includes $2 million fully guaranteed in base salary, a $500,000 signing bonus and $2.5 million in playtime incentives that are considered unlikely to be earned, a source told Schefter.

Smith, 32, had been scheduled to be a free agent at the end of the season after signing a one-year, $3.5 million extension in March. A longtime starter who has transitioned into a rotational role, Smith was having one of his better seasons before rib and shoulder injuries sidelined him the past two games.