Complex sentence: Smith did not have much success during the 1995 season for Boston, and the next offseason signed back with the Pirates for a significantly reduced salary from the $3.125 Million he earned in 1994.
Split into simpler sentences: Smith did not have much success during the 1995 season for Boston. The next offseason, he returned to the Pirates for a salary that was significantly reduced from the $3.125 million he earned in 1994.