Buffalo Bills wide receiver Brad Smith re-structured his contract with the team after reporting for training camp last week, and details are beginning to emerge about the nature of his new deal.
Prior to the new contract, Smith's base salary in 2013 was $2.75 million. According to NFLPA documentation, his base salary has now been adjusted down to $1.5 million. The Bills also now have an additional $925,000 in cap space, but that's a net figure that also includes contracts handed out to Antoine Caldwell and Tony Hills (who both have $715,000 deals in place), so Smith's cap savings exceed that figure. Buffalo now has $21.8 million in cap room (again, per NFLPA records).
Spotrac.com has Smith's 2013 cap number at $2.575 million. They also report that in addition to the $1.25 million savings in base salary this year, another $1.6 million was shaved off in 2014, from $3 million to $1.4 million.
Smith, who is currently battling for a reserve roster spot (somewhere in the No. 5 or No. 6 range, in all likelihood, alongside players like undrafted rookie Da'Rick Rogers and Hard Knocks alumnus Chris Hogan), has almost certainly bettered his odds of making the 53-man roster with this restructure.