I had this problem literally 3 days ago, then I stumbled across a series over at wp.tutsplus.com. I swapped my own code out to accommodate your question better, but this is what I ended up with after following the series. Also, keep in mind that this is untested.
// sets custom post type
function my_custom_post_type() {
register_post_type('Projects', array(
'label' => 'Projects','description' => '',
'public' => true,
'show_ui' => true,
'show_in_menu' => true,
'capability_type' => 'post',
'hierarchical' => false,
'publicly_queryable' => true,
'rewrite' => false,
'query_var' => true,
'has_archive' => true,
'supports' => array('title','editor','excerpt','trackbacks','custom-fields','comments','revisions','thumbnail','author','page-attributes'),
'taxonomies' => array('category','post_tag'),
// there are a lot more available arguments, but the above is plenty for now
));
}
add_action('init', 'my_custom_post_type');
// rewrites custom post type name
global $wp_rewrite;
$projects_structure = '/projects/%year%/%monthnum%/%day%/%projects%/';
$wp_rewrite->add_rewrite_tag("%projects%", '([^/]+)', "project=");
$wp_rewrite->add_permastruct('projects', $projects_structure, false);
Theoretically, you could swap out whatever you want in the URL stored in the $projects_structure
variable, what is there is just what I ended up using.
Good luck, and as always - make sure to come back and let us know how it worked out! :)