In an effort to create more salary cap space, the Cowboys are expected to restructure Tony Romo’s contract at some point this offseason, Drew Davison of the Fort Worth Star-Telegram reports.
That’s how the Cowboys designed their six-year, $108 million contract for Romo two years ago, a deal that has $55 million guaranteed. Essentially, the Cowboys will convert his base salary into a signing bonus to create cap room.
Romo is scheduled to make $17 million in 2015 with his cap number coming in at $27.7 million, something that will be significantly reduced assuming the Cowboys restructure his deal for the second consecutive offseason. Last year, the Cowboys created about $10 million in cap space by doing so.
That decision gives them more flexibility to re-sign their own free agents, as well as pursue others on the market. The Cowboys can clear additional space by doing a similar thing with left tackle Tyron Smith’s contract.
“We all realize that anything you push forward that if you don’t use it it’ll cost you cap space that you could use for other players,” owner Jerry Jones said this week at the Senior Bowl. “On an older player, the farther you put it out in the future the less likely you are to use it. That’s the point. That is the trick.
“On the other hand, the effort is to right now put together the best value we can using those dollars and that’s the art of the deal. I will tell you when I look at Tony I certainly do see four or five more years, so nothing scares me four or five years out.”
“This was carefully thought out when we made our agreement with Tony,” Jerry Jones said. “We knew that as we moved along there will be reallocation is the best way to say it with his salary, moving it around so that at a given time we could put the best group together with his supporting cast.”
That’s how the Cowboys designed their six-year, $108 million contract for Romo two years ago, a deal that has $55 million guaranteed. Essentially, the Cowboys will convert his base salary into a signing bonus to create cap room.
Romo is scheduled to make $17 million in 2015 with his cap number coming in at $27.7 million, something that will be significantly reduced assuming the Cowboys restructure his deal for the second consecutive offseason. Last year, the Cowboys created about $10 million in cap space by doing so.
That decision gives them more flexibility to re-sign their own free agents, as well as pursue others on the market. The Cowboys can clear additional space by doing a similar thing with left tackle Tyron Smith’s contract.
“We all realize that anything you push forward that if you don’t use it it’ll cost you cap space that you could use for other players,” owner Jerry Jones said this week at the Senior Bowl. “On an older player, the farther you put it out in the future the less likely you are to use it. That’s the point. That is the trick.
“On the other hand, the effort is to right now put together the best value we can using those dollars and that’s the art of the deal. I will tell you when I look at Tony I certainly do see four or five more years, so nothing scares me four or five years out.”
“This was carefully thought out when we made our agreement with Tony,” Jerry Jones said. “We knew that as we moved along there will be reallocation is the best way to say it with his salary, moving it around so that at a given time we could put the best group together with his supporting cast.”
