The Saints and defensive end Will Smith have agreed to terms on a new six-year contract worth $70 million, according to a report on ESPN.com.
Smith is guaranteed $26 million in the new deal, a source told ESPN.com's Len Pasquarelli.
The deal makes Smith the NFL's third highest-paid defensive end, behind Kansas City's Jared Allen and Indianapolis' Dwight Freeney.
Saints, Star DE Smith Agree To $70M Extension