According to Jason Cole of Yahoo! Sports, the New Orleans Saints and defensive end Will Smith are currently working on restructuring his contract to to lower his cap number and help him remain with the team for the future.
Saints are working on a restructured deal for DE Will Smith. Not done, but progressing.
— Jason Cole (@JasonPhilCole) February 23, 2013
The Saints have to redo Smith’s deal since they’re $15 million over the salary cap and he accounts for $14.5 million of that.