The Facts:
The Broncos and Smith have agreed to a stop-gap restructuring of his contract that ensures the team will not cut him at this time. Smith, however, still could decide to walk away from the deal. The move saves the Broncos significant cap room as Smith's salary is reduced to $1.5 million in each of the next two seasons.
Reported by the Denver Post
Fantasy Football Diehards Line:
The move was made because Smith, who underwent hip surgery last month, was due a roster bonus of $1 million on Thursday, but he had other personal business to attend to. Instead of rushing to a final resolution, his agent Tom Mills told Post staffer Bill Williamson this temporary agreement was reached. The two sides have until later this month to agree upon a new restructuring or settle on this deal.
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