Alex Smith, Peyton Manning & Withheld Contracts: The Insanity Of It All

The Alex Smith/Peyton Manning/49ers love triangle wraps up its third day in the news and we continue to sit and wait for something to happen. I've been out all day but had a chance to keep an eye on twitter and this whole situation really has started to reach Harbaughcalypse levels. It is not quite as punch-drunk, but it's pretty close. Outside of Mann-sanity I can't come up with a particularly good title for this. #ManningWatch is kinda dull, although I suppose given the parties involved, a dull name might make sense.

The only news that might be worth posting comes from a Miami Herald article from earlier today. The article focuses primarily on the Dolphins losing out on Matt Flynn and now targeting Alex Smith. However, it is interesting to note the first page where it mentions this:

The 49ers have proposed a three-year, $24 million contract, plus incentives, for Smith, but reportedly have not given him a contract to sign because they are waiting on Manning, who also is considering Denver and Tennessee.

If the 49ers did not physically give him a contract to sign with the offer, I don't think it really makes a drastic difference in this whole situation, but it is still at least moderately noteworthy.

As Alex negotiates with the Dolphins, Jason Cole tweeted that Smith prefers California and would apparently only go to Miami if Manning lands in San Francisco. I'd say this is leverage, but if Smith indicated that he would be fine being the 49ers backup plan if Manning falls through, that sort of removes much of the leverage. While the Harbaughcalypse was a crazy time, it really was quite straight forward. This is nothing like that. There is nothing remotely straightforward about this process.

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