Please excuse me from any real credit for this information, I am simply expounding on the excellent work of others, primarily AdamJT13 who post on the forum site cowboyszone.com. You can find his original post here. Either way, I took what he did and also the work of LongBall and implemented the numbers of Connor, Ogletree, and Livings, as well as the windfall from the release of Koiser.

After the initial restructuring of contracts, the franchising of Spencer, the cap penalty, and the release of Newman and Buehler, the Boys entered free agency with $11,386,689 to spend. Because Newman was designated a June 1st cut, we will not get the cap relief from his release until June 2nd. Thus on the 2nd we have an additional $6.016 million to spend, likely on draft picks. So in a way the Cowboys are $17,402,689 under the cap.

LongBall did an excellent job of detailing the initial signings. That post can be found here. Below is the info he detailed.

Here are the details of the Brandon Carr deal:

Carr received a $10 million signing bonus and is due $26.5 million guaranteed.

His base salaries are as follows:

2012: $1.2 million
2013: $14.3 million
2014: $7.5 million
2015: $8 million
2016: $9.1 million

So, with a $10 million bonus spread across 5 years, his salary cap impact in 2012 is $3.2 million . . .

QB Kyle Orton - 3 years, $10.5 million, $5 million signing bonus
2012 -- $900,000
2013 -- $1.35 million
2014 -- $3.25 million

2012 salary cap impact - $2.567 million

OG Mackenzy Bernadeau - 4 years, $11 million, $3.25 million signing bonus
2012 -- $1 million
2013 -- $1.75 million
2014 -- $2.25 million
2015 -- $2.75 million

2012 salary cap impact - $1.8125 million

(Bernadeau has incentives that can take the deal to $14 million total.)

FB Lawrence Vickers - 2 years, $2.4 million, $200,000 signing bonus
2012 -- $800,000
2013 -- $1.2 million

2012 salary cap impact - $900K

SS Brodney Pool - 1 year, $1.2 million, $100,000 signing bonus
2012 -- $1.1 million

2012 salary cap impact - $1.2 million

Total 2012 salary cap impact = $9,679,167 (that would be right boys, less than $10 million for 4 potential starters plus the all important #2 QB thus far)

Official word from the league has not come down yet but after these signings AdamJT13 estimates the remaining space at $3,657,522 ($9,673,522 after June 1st).

Connor's two year contract has a $2.7 million dollar signing bonus and base salaries of $800K and $3 million.

2012 salary cap impact - $2.15 million

Ogletree signed a one year deal worth $700K

2012 salary cap impact - $700K

The release of Kyle Koiser will save the Boys $1.55 million.

2012 salary cap impact - $1.55 added to the cap

Nate Livings Details are hard to come by at this point but the broad details are that it pays him $19 million over 5 years with $6.2 guaranteed. A rough estimate of the cap inpact would be:

2012 salary cap impact - $2 million

So what does this all come to. After the release of Koiser and the signings of Ogletree, Livings and Connor the Cowboys have roughly $350K left in cap space before June 1st. This should increase to roughly $6.37 million after June 1st when Newman's savings kicks in.

That is plenty to sign draft picks with and the Cowboys can still restructure a few more deals to get even more space. If they do not sign anymore multimillion dollar deals they should not have to do that though. So to make a long story short. They used every penny this year but are still under the cap.