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03-01-2012, 10:20 AM
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Super Moderator
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Join Date: Feb 2004
Location: Monroe, La
Posts: 20,589
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New Orleans Saints will restructure defensive end Will Smith's contract
Full Story – Nola.Com
The New Orleans Saints will restructure defensive end Will Smith's contract to create salary cap relief, a league source confirmed. Much of Smith's 2012 salary is likely to be converted into a signing bonus, but he will still make the same amount of money.
Smith was due to receive $7 million base salary this season, plus $1 in roster bonus and $150,000 workout bonuses. His salary cap figure would have been $10.15 million. It's unclear what his new cap figure will be.
Clearly, the Saints still value the 30-year old defensive end out of Ohio State, who has been their most productive defensive lineman throughout most of his career. They need to play with the numbers, which is a common practice in the NFL.
By Mike Triplett / Times Picayune
Full Story – Nola.Com
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