According to NFL Network's Ian Rapoport, the Packers restructured the contracts of cornerback Jaire Alexander and defensive end Preston Smith. These moves will create roughly $16 million in cap space.
"The #Packers restructured the contracts of stars Jaire Alexander and Preston Smith, source says, creating $9.456M and $6.668M in cap space," Rapoport announced on Saturday morning.
Smith, meanwhile, had 59 tackles and 8.5 sacks during the regular season. The NFL world believes these moves are a sign that Green Bay won't enter a rebuilding year.