Rams offensive tackle Jason Smith agreed to restructure his contract this week, a league source confirmed on Saturday. Signed to a five-year, $54 million contract as the No. 2 overall pick of the 2009 NFL Draft, Smith had been scheduled to earn $10 million in base salary in 2012 and $12 million in base salary 2013, with 2014 being a voidable year. Under the restructure, Smith's base salary in 2012 has been reduced to a fully guaranteed $4 million and he will also receive a $500,000 roster bonus, a pay cut of $5.5 million for this season. The 2014 season season has been deleted, so the $3.2675 million in option bonus proration has been accelerated onto the Rams' 2012 cap. Despite that acceleration, Smith's 2012 cap number will go from $13.2675 million to $11.035 million, a reduction of $2.2325 million.
Source: Mac's Football Blog
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Source: Mac's Football Blog
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April 22, 2012
