The deal transforms $1.715 million of Smith's $2.25 million
salary into a signing bonus prorated over the remaining five years
of his contract. The $2.25 million includes a $500,000 roster
The restructuring drops Smith's base salary to $535,000, the NFL
minimum for a five-year veteran and cuts his cap number nearly in
half -- from $3.25 million to $1.878 million.
The salary cap is expected to be around $80 million per team