IRVING, Texas – For the last two months, we’ve talked about the Cowboys being around $20 million over the salary cap.
In a few hours on Thursday, they turned it around and are now under the cap.
And they’re not exactly done creating cap space either with other deals expected to get restructured by the weekend.
But by the end of Thursday’s business day, the Cowboys had officially restructured five players, including cornerback
Realistically, the Cowboys could get even further under the cap to place the franchise tag of $10.63 million on
The Cowboys did make their first free-agent signing of the offseason as well, retaining long snapper
Last weekend, both owner Jerry Jones and vice president Stephen Jones told reporters the Cowboys could get under the cap without signing
Unlike players such as Carr, Witten and Ware, whose new contracts had provisions already written in the language to redo, Romo’s new deal will take some serious negotiations. The quarterback has altered his contract twice before to save some cash on the cap.
This deal is more about Romo getting a fair deal for the market, but one that fits the Cowboys’ financial plans as well.
It’s likely Romo’s camp is waiting for Baltimore’s Joe Flacco and/or Atlanta’s Matt Ryan to re-sign their deals before agreeing to anything the Cowboys are offering. Still, it’s expected Romo will probably land a contract that will pay him in the range of $16-19 million annually.
The Cowboys also have tackle
Cutting Connor would save the Cowboys $3 million off the cap, but the club has reportedly approached him about lowering his base salary to return next year.
Overall, this offseason here at Valley Ranch could be considered a slow time, but Thursday was definitely an exception.