Rams OT Jason Smith Restructures Contract; Takes Pay Cut

Discussion in 'St. Louis Rams' started by SRW, Apr 21, 2012.

  1. SRW

    SRW Ex-World's Worst Site Admin Staff Member

    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
  2. CaptainStubing

    CaptainStubing Gave her a Dirty Sanchez

    yep, there was a strong possibility that the rams were going to cut him if he didn't do something like this. he's now getting paid what he's worth right now.
  3. buffalobillsfan1

    buffalobillsfan1 New Member

    Will we see how he plays.

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