Smith's salary cap number cut nearly in half
Updated: February 20, 2004, 3:27 PM ETAssociated Press
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 bonus.
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 this season.
Copyright 2004 by The Associated Press