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3:45 PM CT
Todd Archer
ESPN Staff Writer


FRISCO, Texas -- Whenever the 2017 salary cap is finalized, the Dallas Cowboys don’t have to worry about getting under the allowed amount.

On Monday he Cowboys restructured the contracts of All-Pro left tackle Tyron Smith and All-Pro center Travis Frederick, freeing up $17.3 million, moving them under a proposed salary-cap of $168 million for 2017, according to sources.

In a simple accounting move, the Cowboys lowered Smith’s $10 million base salary and Frederick’s $14.221 million base salary and turned the difference into signing bonus. Instead of counting $15.8 million (Smith) and $14.871 million (Frederick) against the cap in 2017, they will count $8.82 million and $4.531 million, respectively.

According to ESPN Stats & Information, the Cowboys were slightly more than $13 million over a cap of $170 million before the restructures.

The Cowboys can create more room by restructuring the contracts of linebacker Sean Lee, receiver Dez Bryant and defensive tackle Tyrone Crawford, as well as working on an extension for tight end Jason Witten.

A release of Tony Romo can create either $5.1 million in salary-cap room or $14 million if he is designated a post-June 1 cap casualty, however, they would not gain the credit until June 2.

The Cowboys had planned all along to rework the deals of Smith and Frederick. This is the third straight year they have restructured Smith’s contract. The Cowboys signed Frederick to an eight-year deal last August with the expressed desire for it to be restructured.

Given their age -- Smith doesn’t turn 27 until December; Frederick turns 26 in March -- and productivity, the Cowboys are OK in adding to their cap numbers down the road.

Smith has been named to the Pro Bowl the past four years, and Frederick has been named the past three. Smith is a two-time All-Pro, and Frederick earned the honor for the first time last season.
 

theoneandonly

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I dont mind this because these guys are young and ascending. OTOH I hated the Romo and Dez deals the second the pens touched the signature lines on the contracts.
 
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Yeah they're young enough and will be career Cowboys. Not bad restructures at all.

These, however, all sound like terrible ideas.

The Cowboys can create more room by restructuring the contracts of linebacker Sean Lee, receiver Dez Bryant and defensive tackle Tyrone Crawford, as well as working on an extension for tight end Jason Witten
 

jeremysmith214

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Please don't restructure Ty Crawford contract. Let it be as is. Just take that darn hit for the next 4 to 5
 

MrB

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If the Cowboys end up taking the entire $19.5 mil cap hit for Romo's contract in 2017 then Crawford would be a prime candidate to be cut in 2018.
 

cmd34

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If the Cowboys end up taking the entire $19.5 mil cap hit

It's $24.5M to keep him, so taking the entire hit still frees up $5M in immediate cap room.

You can make him a June 1st cut, but that means that the cap room does not become actually available until June 1st AND he is still on the books for 2018. Trading or cutting him now is the right thing to do. It's ripping off the band-aid, but you get small savings now and huge savings in 2018.
 

MrB

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It's $24.5M to keep him, so taking the entire hit still frees up $5M in immediate cap room.

You can make him a June 1st cut, but that means that the cap room does not become actually available until June 1st AND he is still on the books for 2018. Trading or cutting him now is the right thing to do. It's ripping off the band-aid, but you get small savings now and huge savings in 2018.

Right but by taking the entire cap hit in 2017 means he would be completely off the books in 2018. That would allow them to cut Crawford in 2018.
 

Doomsday

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It's $24.5M to keep him
What are the effects on the cap if we restructure his deal now? Give him 10 million up front? Then can still cut him and still have the cap savings?
 

cmd34

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What are the effects on the cap if we restructure his deal now? Give him 10 million up front? Then can still cut him and still have the cap savings?

More money now equals bigger hit down the road.

There are 4 options:
1. Keep him.
- $24.7M 2017 cap hit. Jerry pays him a base salary of $14M to be the highest paid back-up in the league.
2. Keep him but ask him to restructure (seems highly unlikely).
- reduces 2017 cap hit but pushes money down the road.
3. Trade or cut him now.
- accelerates remaining prorated bonus of $19.6M which creates $5.1 (24.7M minus 19.6M) in immediate cap room. Gets Romo completely off the books before 2018 season.
4. Designate him as a June 1st cut.
- Frees up $14M in cap room but not until June 1st. Romo would also count $8.9M against the 2018 cap in this scenario.
 

MrB

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More money now equals bigger hit down the road.

There are 4 options:
1. Keep him.
- $24.7M 2017 cap hit. Jerry pays him a base salary of $14M to be the highest paid back-up in the league.
2. Keep him but ask him to restructure (seems highly unlikely).
- reduces 2017 cap hit but pushes money down the road.
3. Trade or cut him now.
- accelerates remaining prorated bonus of $19.6M which creates $5.1 (24.7M minus 19.6M) in immediate cap room. Gets Romo completely off the books before 2018 season.
4. Designate him as a June 1st cut.
- Frees up $14M in cap room but not until June 1st. Romo would also count $8.9M against the 2018 cap in this scenario.

I'll take door #3
 

Doomsday

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I'll take door #3
Yep me too. Although i really would like to see a situation where we can keep him, i have this niggling feeling we're going to NEED a qualified backup QB of Romo's caliber, as the season wanes next year.
 

Hoofbite

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Would have preferred they never restructured Tyron even once. Now that they've done it twice, it's getting to the point to where his original cap hit as the contract was written is only marginally higher than the 2nd, 3rd and 4th revisions after restructuring.

Never restructure him and his cap hit this year is $12M. After 2 restructures he's sitting at $8.8M. Next year they'll do it again and had they never restructured him his cap hit would be $12M. Instead it will be $9.2M

At this point Dallas is only getting a net reduction of $3M/year relative to the original structure. The league average in free cap space right now is $42M. If you really need that $3M, you've fucked things up so poorly that you're undoubtedly holding the average down. Top 24 teams have an average of $50M in space. What the fuck are you going to do with an additional $3M?

Next year is the last year his signing bonus is applied so in 2019 all the team pays for is his base salary. Would have been nice to have 28-year-old Tyron under contract for 5-6 years without any guaranteed money tied to him. Just base salaries of $10M, $10M, $10.5M, $13.5M, $13.6M. They would have been taking well below market rate cap hits for a player of his quality and age, and they wouldn't have had a single dollar in dead money if he were ever injured or his play declined significantly. I mean, you can't even offer a 28-year-old LT a 5-year contract for $57.6M and nothing guaranteed. Gimme a fucking break, you'd be laughed out of the room.

That's literally the position Dallas had available to them. They turned it down.
 

bvhawkeye

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Just kicking their troubles into the future... not real good business plan. Then again, this is the Cowboys
 
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