Tre’Quan Smith is set to remain in New Orleans. ESPN’s Field Yates reports (on Twitter) that the Saints are bringing him back on a two-year, $6MM deal. He adds that there is another $4.5MM available in incentives. 
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NFL Network’s Mike Garafolo also notes that $2MM is guaranteed (Twitter link). That means this deal represents a notable raise over the compensation he received from his rookie contract. Smith has spent all four years of his career with the Saints after they drafted him in the third round in 2018. He hit free agency this offseason despite four void year being added to his deal as a result of a 2021 restructure.
The 26-year-old has been a consistent complimentary piece to the Saints’ offense during his time there. He had a career year in 2020, posting 34 catches for 448 yards and four touchdowns. That led many to believe he would have a breakout campaign in 2021, given the absence of Michael Thomas. However, between injuries to himself and quarterback Jameis Winston, and the overall struggles of the team’s offense, he put up underwhelming numbers (32 receptions, 377 yards, three touchdowns).
The UCF product drew interest from the Falcons earlier this month, as they hosted him on a free agent visit. Instead of joining New Orleans’ divisional rival, though, he will remain with the Saints as they look to have a healthier and more productive season on offense in 2022.
“Looks to have a healthier and more productive season” should be Smith’s nickname.
Yawn, JAG on the high end.