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Mehta was told that Smith thought he should be the first pick in the draft and that's why he fired his agents.
Smith was projected by some to be a top ten pick in the draft. However, the former West Virginia quarterback wasn't selected until the second round by the
By falling out of the first round, Smith did lose millions in guaranteed money on his rookie contract. Top 10 picks will sign contracts for $12-23 million. As a second round pick, Smith will sign a contract for approximately $5 million, with only about $2 million guaranteed.
It is one thing to have so much confidence in himself that he believed he was the best player available. However, every team with a first round pick (and some with more than one) passed on Smith. And it wasn't because he was poorly represented.