Saints restructure Colston, Grubbs, J. Evans, and Hawthorne (Merge-o-Rama)

Javon7143 said
<blockquote class="twitter-tweet"><p>Saints, in need of cap space, completed a restructured deal with WR Marques Colston. Have offered W. Smith and Vilma lesser deals to stay</p>&mdash; Jason La Canfora (@JasonLaCanfora) <a href="https://twitter.com/JasonLaCanfora/status/306900877011210240">February 27, 2013</a></blockquote>
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Also interesting to note that as many speculated, Smith and Vilma were offered deals that would be a pay cut, not just deals where they would get their money up front and have it spread over the cap in later years.