Packers Nearing New Deal With Preston Smith?

The Packers have plenty of work to do as they try to get under the salary cap for the 2022 season. One step they can take towards compliance – not to mention keep a key piece to their defense in Green Bay – is giving edge rusher Preston Smith a new contract. 

According to Pro Football Network’s Tony Pauline, that could be exactly what happens in the near future. He reports that “things seem to be moving quickly and smoothly” with respect to a new deal. Smith, 29, has one year remaining on his current pact. In part as a result of a 2021 restructure, however, both his salary and cap number are set to spike significantly. He is currently slated to count for just under $20MM against the cap next season.

For that reason, Pauline predicts that any new pact would include “more upfront money” this season as a means of spreading that cap hit over future years. Arriving at a value for said contract could be difficult for the Packers, however. Putting aside their current complicated financial situation, Smith’s 2021 season fell in between his best and worst in Green Bay in terms of production. In 16 games, he totalled 38 tackles, nine sacks and two forced fumbles – better than the previous campaign, but short of his career year in 2019.

Of course, money could be easier to come by for the Packers if they hold true to previous reports that fellow edge rusher Za’Darius Smith won’t be brought back at his current cap figure. Reducing that number (currently set to be $27.6MM) could open the door not only to keeping that Smith in Green Bay, but Preston as well. In any case, Pauline expects a new contract for the latter to be finalized “sooner rather than later”.

Assuming a new deal can be reached, the Packers would be guaranteed at least two-thirds of the pass rush triumvirate consisting of both Smiths and Rashan Gary being in place for 2022. Especially if it were to lower his cap hit, a renegotiated contract would of course also help the team keep as many key pieces in place as they can, in an attempt to keep their Super Bowl window open as long as possible.