Cowboys ‘Cap hell’? Dallas plans 6 new contracts, 1 big cut
Cowboys ‘Cap hell’? Dallas plans 6 new contracts, 1 big cut
The salary cap is real. “Cap Hell,” however, is mainly a myth,
as the Dallas Cowboys may be about to re-prove this offseason as
they look on ways to extend Dak Prescott’s contract while shifting about
the money already owing to stars like All-Pro guard Zack Martin and excellent cornerback Trevon Diggs.
The Cowboys, facing a league-wide 2024 cap ceiling of $242 million,
are currently approximately $20 million “over the cap.” On the surface, that seems alarming.
However, teams are not required to be cap-compliant until the start of the NFL’s business year on March 13.
There are also clear methods to becoming cap-compliant, which is necessary.
That begins with Prescott’s planned $59 million cap hit.
Depending on the nature of a new agreement,
Dallas can sign him to a long-term contract that cuts that figure by around $20 million, and Dallas is cap-compliant!
According to ESPN, a simple “flip of the switch” using stipulations already incorporated into
the Martin and Diggs contracts could free up an additional $20 million in cap space.
Another (theoretically) simple move: a new contract for CeeDee Lamb,
who will earn a fully guaranteed $17.991 million this year.
That actually would reduce his cap hit in a way that gives Dallas $11 million of room
ESPN reports that right tackle Terence Steele will be restructured; this is a switch.
We proposed removing receiver Michael Gallup after June 1 to save nearly $10 million.
The piper will eventually be paid; “voidable years”
are often the equivalent of using a credit card; the bill will come due.
There will also be significant additional expenses.
Micah Parsons, Dallas’ defensive star, has cost the team around $4 million APY.
He is now eligible for a contract extension and will undoubtedly seek to become
the highest-paid defensive player in NFL history,
with Nick Bosa, Aaron Donald, and TJ Watt. That translates to an APY of $30 million.
The Cowboys will be under the cap in March; this is the law.
Assuming a new Dak agreement, they will have a competitive roster.
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