Saints DE Will Smith took a $6 million pay cut to stay with the team.
His base salary was chopped from $9 million to $3 million. Smith essentially now has a two-year, $14.4 million contract, though in 2014 his salary skyrockets to $10.4 million. Smith will be 33 then, so 2013 will almost certainly be his last season in New Orleans. Smith's pass-rush ability has evaporated.