With the Cowboys set for Tampa Bay in just two days, there were a few bookkeeping moves to be done to help free up some cap space heading into the season. Teams always look to carry some money into the year in case they need to add a veteran throughout the season due to injury or lack of depth on their roster. For the Cowboys, this is more than likely more of procedural move to free up some space, and therefore carry over more cap space into the 2022 season where they’ll likely need it.
The Cowboys converted $6.25M of QB Dak Precott's base salary into a signing bonus, creating $5M in cap space.— Field Yates (@FieldYates) September 7, 2021
The Titans converted $14M of WR Julio Jones' salary into a signing bonus, creating $11.2M in cap space (adding two void years as well).
There is some hope that they could look to bolster any weak units on the team after week one, when they can sign a veteran and not have to guarantee their salary if an injury occurs or it doesn’t pan out.
Names still out on the market include; Geno Atkins, Mitchell Schwartz, David DeCastro, Richard Sherman, Kawann Short, and Cam Newton. But don’t get your hopes up Cowboys fans, this is more than likely a bookkeeping move, rather than a move made to sign a free agent.