March 21 (Bloomberg) -- Alex Smith signed a three-year contract to stay with the San Francisco 49ers after the club was rejected in their attempt to acquire quarterback Peyton Manning.
Smith, 27, who led the 49ers to a 13-3 record and the National Football Conference championship game last season, met with the Miami Dolphins after the 49ers held a workout for Manning -- who signed yesterday with the Denver Broncos.
Smith said in a conference call today that he was “not offended at all” by the 49ers’ pursuit of Manning, a four-time National Football League Most Valuable Player.
“I would have relished the opportunity to compete for the starting quarterback job with Peyton Manning,” Smith told reporters. “This was the plan all along, where I wanted to be. This was the goal, to get back here and get it done.”
The 49ers said in an e-mailed release that Smith, who was a free agent, had signed a deal through the 2014 season. Terms weren’t disclosed.
Smith, the No. 1 pick in the 2005 draft, last season completed 273 passes for 3,144 yards, both career highs, and 17 touchdowns as the 49ers reached the playoffs for the first time since the 2002 season. He threw five interceptions.
The 49ers lost 20-17 to the New York Giants in overtime in the NFC championship game.
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