facebook
twitter
search
search

Dallas Cowboys and Tony Romo restructure his contract to create cap space

The team converted $12.5 million of Romo's $13.5 million base salary into a signing bonus.
By Evan Bleier Follow @itishowitis Contact the Author   |   March 4, 2014 at 3:48 PM
| License Photo

IRVING, Texas, March 4 (UPI) -- The contract of Dallas Cowboys quarterback Tony Romo will be restructured in a way that will allow the team to create $10 million in cap space heading into the 2014 free agency period in the NFL.

After the team converts $12.5 million of Romo's $13.5 million base salary into a signing bonus, the Cowboys will be less than $1 million over the salary cap. Romo signed a six-year extension last year that was worth $108 million with $55 million guaranteed.

The team also restructured the contracts of linebacker Sean Lee and defensive back Orlando Scandrick to create $6.8 million in cap space.

If the Cowboys want to create more space, they could part ways with defensive end DeMarcus Ware or wide receiver Miles Austin. The team would save $7.4 million by releasing Ware and $5.5 million by cutting Austin. Of the two, it would seem more likely that Austin gets released.

Executive vice president Stephen Jones said the Cowboys will be "efficient" spenders in free agency when he spoke with ESPN at the NFL scouting combine in Indianapolis.

[ESPN]

Related UPI Stories
Latest Headlines
Trending Stories
SB50: Denver Broncos face tough call at QB in 2016
Johnny Manziel's ex-girlfriend claims he hit her
NFLPA hopes to have independent arbitration for player discipline next season
Watch every star-studded Super Bowl commercial of 2016
Group recreates 'Mario Kart' video game at UK mall