The Dallas Cowboys have done some strategic financial maneuvering as of late. Three weeks ago, they reconstructed Tyron Smith’s deal to open up $7.1 million in cap space. Earlier this week, they did the same with Zack Martin’s deal adding an additional $8 million in savings.
Now, according to Tom Pelissero of NFL Network, the Cowboys are once again adding to the piggy bank by inking DeMarcus Lawrence to a one-year voidable extension by converting $15 million of his 2020 base salary into a signing bonus, freeing up another $12 million in cap space.
The #Cowboys are signing DE DeMarcus Lawrence to a one-year voidable extension for salary cap purposes, converting $15 million of his 2020 base salary to a signing bonus and clearing $12M in cap space this year, source said.
— Tom Pelissero (@TomPelissero) September 11, 2020
With this move, the Cowboys now have $29.5 million in cap room, per Patrik Walker of CBS Sports.
This move is geared towards having cap space to sign Dak Prescott to a long-term extension in 2021, similar to the previously mentioned Smith and Martin restructures. He’ll play under the $31.4 million dollar franchise tag this season, and it would jump to $37.7 million next season if he’s tagged again, which neither side wants.
It’s clear to see that the Cowboys are doing all they can to make sure they have Prescott signed for the foreseeable future by next offseason.
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