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Saints reduce Will Smith’s cap number by $4.78 million

Will Smith AP

While the rest of America debates the significance and potential outcome of the Saints’ bounty scandal, the organization itself is conducting business as usual.

ESPN.com’s Pat Yasinskas reports that the Saints have restructured defensive end Will Smith’s contract, lowering his 2012 cap number by $4.78 million.

Smith didn’t take a pay cut. Instead, he received a new $6.175 million “signing” bonus to be tacked onto his $825,000 base salary, $150,000 workout bonus, and $1 million roster bonus due on March 27.

While the move helps New Orleans get under the 2012 cap, Smith’s contract will have to be addressed again next offseason. The implementation of the new signing bonus shoots his 2013 salary cap cost over $14.5 million.

Smith will be 32 years old during the 2013 season.

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16 Responses to “Saints reduce Will Smith’s cap number by $4.78 million”
  1. thatobnoxiousguy says: Mar 6, 2012 3:26 PM

    Another genius move by the Saints.

  2. 9plus81equals6 says: Mar 6, 2012 3:29 PM

    Later when asked to comment on what he would do with his money he stated ” Gettin jiggy wit it.”

  3. ricksaints says: Mar 6, 2012 3:30 PM

    The Saints knew that this bounty stuff was coming. They knew that suspensions we’re coming so by giving Brees the franchise tag and restructuring Smiths contract they will have funds to pay the replacement player that they will need during the season. They r most likely to playing without Smith, Vilma, Harper, Jenkins, Ellisand probably Greer. Saints would not b able to give Brees the contract he wants and deserve and be able to pay for the fill-ins that they will need.

  4. jackntorres says: Mar 6, 2012 3:31 PM

    So is that money for him to hug the QB or knock the living daylight out of him?

  5. broncobeta says: Mar 6, 2012 3:33 PM

    My second favorite Will Smith.

  6. nineroutsider says: Mar 6, 2012 3:33 PM

    So when you are writing about lowering a player’s 2012 cap hit, it might be a good idea to mention the team’s total 2012 salary.

    “While the move helps New Orleans get under the 2012 cap”…how much under the cap are they now? This is what I’d expect from an article like this.

  7. cakemixa says: Mar 6, 2012 3:39 PM

    In before bounty jokes.

  8. illogic87 says: Mar 6, 2012 3:39 PM

    *Insert cheating Saints comment here*

  9. dbellina says: Mar 6, 2012 3:49 PM

    He is already going to make enough money in MIB 3.

  10. domeinate says: Mar 6, 2012 3:52 PM

    Yeah, Saints!!

  11. nflfan555 says: Mar 6, 2012 4:18 PM

    Cheaten sons of bioches damn Aints

  12. nflfan555 says: Mar 6, 2012 4:20 PM

    Jets are only clean team in NFL with Gentleman of a coach and a lovely owner all at once GO J-E-T-S

  13. nflfan555 says: Mar 6, 2012 4:21 PM

    By the way you had all momentum going into playoffs – you won’t be seeing them again Chokers…

  14. tybme says: Mar 6, 2012 4:33 PM

    Something I don’t understand. I thought with the new CBA that after the current season but before the start of the next season teams were not allowed to renegotiate current contracts. Now in this particular case it is not really a “renegotiated” contract but an extension.

    Can anyone explain to me – can they or can they not renegotiate contracts before the start of the league year.

  15. cubear34 says: Mar 6, 2012 9:03 PM

    They lowered his cap number by reallocating 2012 bounty funds.

  16. dobberdubinsky says: Mar 7, 2012 1:51 AM

    I wonder if management put a knife to his throat.

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