The Dallas Cowboys are finally getting around to what everybody knew they would do - create cap space by restructuring contracts. As had been noted many times on these pages and others, the contracts of offensive linemen Tyron Smith and Travis Frederick lent themselves to restructuring.
The Cowboys have restructured the contracts of All-Pro left tackle Tyron Smith and All-Pro center Travis... https://t.co/GtGGClM3aZ— Todd Archer (@toddarcher) February 20, 2017
According to Archer, the Cowboys freed up roughly $17.3 million of cap space with the moves, easily getting them under the cap; they were reportedly $11 million over until the moves. Dallas owed around $24 million this season to both players combined, they converted around $21 million of that into signing bonuses. Smith had a base salary of $10 million while Frederick was at $14.2 million.
This is just a couple of the moves the Cowboys could make heading into free agency to free up cash. They were definitely the easiest for them to do, especially with the way both linemen’s contacts were structured.
And just like that, Dallas is under the cap. The proposed cap for this season is $168 million, but that has yet to be exactly confirmed.