IRVING, Texas – The Cowboys have yet to announce it, and likely won't until after the 3 p.m. (CT) start to free agency, but indications are the club will waive cornerback Terence Newman in an effort to gain salary cap relief and likely attempt to upgrade the cornerback position in free agency.
The 33-year-old Newman has started nine straight seasons (131 of 133 career games) since the Cowboys drafted him with the fifth overall pick in 2003.
If Newman is designated a "June 1" cut, the Cowboys will save an extra $2 million on this year's salary cap (approximately $6 million total) and also allow Newman to immediately explore options elsewhere.
With Newman apparently on his way out, the Cowboys now appear poised to make a quick push for a veteran addition. The Cowboys have been linked to the top two cornerbacks in this year's market, Kansas City's Brandon Carr and Tennessee's Cortland Finnegan.
Neither would come cheap, but the Cowboys can create room by restructuring a few of their own veteran contracts. They've already saved approximately $1.6 million Tuesday by waiving kicker David Buehler.
Restricted free agent fullback Tony Fiammetta was expected to receive the $1.26 million tender this week, but it now appears the Cowboys could work out a multi-year contract that would lessen their cap hit.