8:46pm: Smith will earn $2.415MM, MLBTR's Tim Dierkes has learned.
Smith, 29, was eligible for arbitration for the first time. The outfielder has been a productive offensive player thus far in his career, posting a .275/.348/.485 line in 1,449 plate appearances. The left-handed hitter is well above average against righties (.290/.364/.518) but struggles mightily against southpaws (.202/.269/.319), so he's best deployed in a platoon.
Smith, a second-round pick of the Rox in 2004, was projected by MLBTR's Matt Swartz to earn $2.6MM through arbitration.