The Green Bay Packers restructured the contract of outside linebacker Preston Smith and saved almost $6.7 million on the salary cap in 2023, according to Ian Rapoport of NFL Network.
Smith had a $7.5 million roster bonus for 2023 in his contract, which was reworked last offseason. The Packers can convert the roster bonus into a signing bonus and prorate the sum over the length of the deal, creating immediate savings in 2023 but adding to cap hits in future years. Teams can also convert base salary and add void years.
