Hot off the Wire news, rumors and tips

Saints | Will Smith, Jonathan Vilma take huge pay cuts

New Orleans Saints DE Will Smith and LB Jonathan Vilma took significant pay cuts in order to remain with the team. Smith's $1 million roster bonus and $150,000 workout bonus for 2013 remain, but his salary has been reduced to $3 million, a $6 million pay cut that lowers his cap number to $8.502 million for the upcoming season. Vilma, meanwhile, was scheduled to earn a $1.1 million roster bonus, along with a $100,000 workout bonus and $4.8 million salary for a 2013 cap number of $8.6325 million. Under the renegotiation, Vilma's roster bonus was erased and his base salary was reduced to $1 million. The team doubled his workout bonus to $200,000, all of which results in Vilma having a 2013 cap number of $3.8325 million, a reduction of $4.8 million for the upcoming season.

2013-03-13 06:56:38 | Source: New Orleans Times-Picayune - Larry Holder

Access more Jonathan Vilma news and rumors by clicking here....

Access more Will Smith news and rumors by clicking here....

What do you think? Sound off!


For additional NFL information, please view KFFL's NFL Hot off the Wire.


Fantasy Sports News

NFL Hot off the Wire News | MLB Hot off the Wire News | NASCAR Hot off the Wire News