DALLAS DOLLARS & SENSE: Cowboys create cap cushion–Romo restructured | $12.8 million mad-money move | Top-10 QB salaries for next two seasons
IRVING, Texas – The Dallas Cowboys opted to restructure Tony Romo’s contract, freeing up several million dollars in salary cap space in the process.
The possibility of restructuring Romo’s deal has been tossed around throughout this offseason. Valued at $108 million overall, is easily the largest contract on the Cowboys’ books. It’s common practice for teams looking to free up spending space, as the Cowboys restructured both Romo and Sean Lee in 2014.
Earlier this offseason, the Cowboys restructured Tyron Smith’s deal, freeing up $10 million in space.
It’s worth pointing out that the move is simply a rearrangement of Romo’s existing deal, not a pay cut. That said, it effectively functions to lower the quarterback’s astronomical cap hit of $27 million and give the Cowboys extra money to work with in 2015. Continue reading →
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