Packers restructure Jaire Alexander, Preston Smith contracts

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The wait for word on their quarterback’s plan for 2023 continues, but the Packers are taking care of some other business.

Ian Rapoport of NFL Media reports that the team has created cap space by restructuring the contracts of cornerback Jaire Alexander and edge rusher Preston Smith.

Alexander was set to have a cap hit of more than $20.1 million, but Rapoport reports the reworked deal will open up $9.456 million in cap space for the coming season….