The Dallas Cowboys entered this offseason with $-10.6 million in cap space according to Spotrac.com. A pair of offensive lineman Tyron Smith and Travis Frederick have agreed to restructure their contracts in order to give the team more cap space. ESPN Cowboys reporter Todd Archer had the following.
“The Cowboys have restructured the contracts of All-Pro left tackle Tyron Smith and All-Pro center Travis Frederick, freeing up roughly $17.3 million, moving them under a proposed salary-cap of $168 million for 2017, according to sources. The total cap will be finalized by March 9 when the league year begins. The Cowboys turned roughly $21 million of the $24 million due Smith and Frederick into signing bonus to create the room. Smith was set to make $10 million in 2017, while Frederick was set to make $14.221 million.”
This move will now give Dallas around 6 million in cap space now. Basically, any player would be willing to do this because it gives them more guaranteed money later on in the deal so it’s a win-win for both sides.
The Cowboys have known interest in Adrian Peterson and DeMarcus Ware so they could be player’s if they continue to free up more cap space. Of course, the team still has to figure out the Tony Romo situation too.