IRVING, Texas -- The Cowboys parted ways with
Austin will be designated as a post-June 1 cut, which will allow the team to spread his considerable cap hit over the next two years. The move will save the team $5.5 million against the salary cap this season, though that money will be unavailable until after June 1 -- the Cowboys would likely use the savings to sign their 2014 draft picks.
However, the 29-year-old veteran will also cost the Cowboys $5.1 million in 2015, thanks to the June 1 designation.
The decision confirms what many had long suspected about Austin since he missed five games and grabbed just 24 catches for 244 yards last season. The undrafted free agent had four seasons remaining on a seven-year, $54 million deal that would been a massive blow to the Cowboys' future salary cap figures.
Austin earned that big contract with a breakout season for the ages in 2009. Signed out of Division III Monmouth after the 2006 NFL Draft, he earned a place on the Cowboys' roster for three seasons -- mainly as a special teamer.
Following the release of Terrell Owens in 2009, Austin moved into position for more playing time at receiver. After tallying just four catches for 81 yards in the first month of the season, an injury to Roy Williams pushed Austin into the starting lineup in an October 11 matchup against Kansas City, where he exploded for a franchise-record 250 yards, including two touchdowns, on 10 receptions.
Austin tallied a whopping 1,320 yards and 11 touchdowns on 81 catches in 2009, and he followed that up with a 69-catch, 1,041-yard, seven-touchdown effort in 2010. He earned Pro Bowl nods in both seasons.
Injuries have either hampered or derailed him in every season since. Austin missed six games and finished with just 579 yards, largely thanks to hamstring injuries -- the same injuries that would wreck his 2013 campaign.
Austin did manage 66 catches for 943 yards and six scores in 2012, though injuries again limited his productivity.
All told, the veteran wideout missed 11 games and averaged just 588 yards per season in his last three years as a Cowboy.
The move will likely push second-year receiver