Jimmy Smith, the Jacksonville Jaguars' five-time Pro Bowl wide receiver, has agreed to and signed a restructured contract with the team. Smith, 33, is entering his 10th NFL season and ranks as the league's leader in receptions and receiving yards over the last six years. The length and terms of his contract are undisclosed.

"This process took a lot longer than anyone wanted it to," said Jaguars owner Wayne Weaver, "but because Jimmy was signed to a long-term deal this was more complicated. We accomplished what we wanted to accomplish: We reached an agreement that was fair to Jimmy and served the team's interest of being committed to our salary cap goals. This will avoid us having to address this situation on a yearly basis. It's time now to prepare for the start of our eighth season."

Smith had been holding out since the team opened training camp on July 25. He has had six consecutive 1,000-yard seasons, and over the last three years he had 116, 91 and 112 receptions.