Cowboys create $4 million in cap space by restructuring Dak Prescott’s contract amid underwhelming free agency moves
The Cowboys released veteran RB Tony Pollard in the offseason.
Amid the underperformance in the NFL Offseason, the Dallas Cowboys finally made a way to restructure the contract for their quarterback Dak Prescott. As per the new structure, Prescott was supposed to receive a whopping $59.5 million in the next 2024-25 season. However, as expected, Jerry Jones and Co. had made a restructuring to save some amount with the overall team in view.
As reported by ESPN journalist Field Yates, the Cowboys team decided to convert the $5 million roster bonus to the signing bonus. In addition, the team decided to add void years to Dak Prescott‘s contract.
As a result, the team will manage to save at least $4 million. Prescott’s new contract will be $55.4 million and the void years mean that the team will have the authority to carry him after the 2024 season even if wants to move out of Dallas.
As the Cowboys managed to make the deal with Prescott, it is expected that they will try to sign some big names in the remaining free agency. The pending contract of Prescott could have been a roadblock for them. Since that is solved, Jerry Jones can feel that his hands are free and he can go for some big players.The Cowboys converted a $5M roster bonus due to QB Dak Prescott on Sunday into a signing bonus, creating $4M in salary cap space in 2024.
The move reduces Prescott’s salary cap number to $55.455M, while two extra void years were added to the deal for cap purposes (void years now…
— Field Yates (@FieldYates)
March 18, 2024
Though the majority of the free agents have already signed with some other teams, a few names are still available. The likes of Chase Young, cornerback Stephon Gilmore, wide receiver Mike Williams, and safety Justin Simmons are available and the team might go for them.
DAMN…. Despite only signing LB Eric Kendricks in free agency, the #Cowboys
still have the least amount of available salary cap space in the #NFL.— MLFootball (@_MLFootball) March 17, 2024
The Dallas Cowboys have a bit more than $4 million left in their cap space. It is to be seen whether they go for some big names in the coming time.
The Cowboys have a tough financial situation ahead of the season
The 2024 free agency has not gone well for the Dallas Cowboys. They let go of their two big names. It started with Tony Pollard, who left the club due to financial constraints. In addition, Tyron Smith also announced his departure from the team.
Despite the departures of the veterans of the team, the Cowboys did not sign big names in return. It was expected that the team would go for the likes of Derrick Henry. However, Jerry Jones never gave him a call. The team has made just one big signing in the entire offseason and that is Eric Kendricks.
Dallas Cowboys owner Jerry Jones on the field before the game against the Detroit Lions at AT&T Stadium. Arlington AT&T Stadium Texas USA (Image via IMAGO)
Though an underwhelming offseason so far, the Cowboys are in this financial situation due to the contract extension of the present players. The extensions needed a hefty amount of money and, as a result they failed to have a great cap structure.
