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Dallas creates more cap room by restructuring Tony Romo

Dallas Cowboys quarterback Romo smiles as he walks field prior to Cowboys NFL/Hall of Fame Game against the Miami Dolphins in Canton Reuters

As the Cowboys work to become compliant with the salary cap, they’ve gone to one of the usual suspects.

According to Todd Archer of ESPNDallas.com, the Cowboys have restructured the contract of quarterback Tony Romo to create $10 million worth of cap space.

They simply converted $12.5 million of his base salary to bonus for the purpose of proration, kicking the can down the road, and pushing their current cap-tightness into the future.

Once finalizing that move (along with restructures for linebacker Sean Lee and Orlando Scandrick), they’re within $1 million of the salary cap.

They still have decisions to make on the futures of defensive end DeMarcus Ware and wide receiver Miles Austin, whose deals could be reworked or made to go away to save more money.

 

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34 Responses to “Dallas creates more cap room by restructuring Tony Romo”
  1. bestbitter says: Mar 4, 2014 8:34 AM

    Sad Franchise

  2. detectivejimmymcnulty says: Mar 4, 2014 8:34 AM

    This is what happens when Jerry is the general manager and Stephen is the cap “guru.”

  3. livenbreathefootball says: Mar 4, 2014 8:36 AM

    Kicking the can makes sense. The cap will only go up from here so the percentage impact will be lessened. Better to save 10 million when the cap is 133 to use it when the cap is 143 million.

  4. jacunn2000 says: Mar 4, 2014 8:41 AM

    This man has an incredible IQ for football & business. I see a Super Bowl in the Cowboys near future!!! Not really.. My team sucks with this idiot running the show.

  5. ravenswhat says: Mar 4, 2014 8:42 AM

    The bank of Romo. Unreal. The level of incompetence in Dallas is amazing. They are just insuring the cap will continue to suffer down the road with this move.

  6. hartcarluncarlun says: Mar 4, 2014 8:46 AM

    Lol…..same ole Jerry!!! Same ole Dallas!!! Same ole 8-8 record!!!

  7. thefirstsmilergrogan says: Mar 4, 2014 8:47 AM

    where do these kick the can down the road moves leave them for the 2015 and 2016?

  8. shaggytoodle says: Mar 4, 2014 8:47 AM

    They should consider creating more W’s by getting a new coach, and a fresh face QB would also go a ways in helping that as well.

  9. raiderufan says: Mar 4, 2014 8:48 AM

    It’s creepy how closely the Cowboys resemble the Raiders of the last 2 decades.

  10. cowpiesnotcowboys says: Mar 4, 2014 8:52 AM

    I’m surprised Jerrah didn’t extend the contract until Romo is 46 too.

  11. seriously777 says: Mar 4, 2014 8:58 AM

    Jones is the guy with the car lot full of 08 mustangs available for $250 a month on a 96 month contract.

  12. jjb0811 says: Mar 4, 2014 9:12 AM

    What’s the point to the cap? Romo signed last year & restructured this year?

    I’m not into finance, but writing a contract only to change it’s wording a year later seems absurd.

    Why not just sing a player to a huge bonus paid out each year w/ a smaller salary and avoid the endless headaches?

  13. nou04 says: Mar 4, 2014 9:13 AM

    Before the naysayers jump on the band wagon here, Romo’s contract was done with the restructuring in mind. They knew it was going to happen when they did his contract.

    Jerry is a lousy GM and true, they are pushing the cap problems into the future. But Jerry is an incredible businessman. In the not too distant future, the cap is just going to get higher and higher, making it not so painful to deal with the prorated bonus’s.

  14. 12strikes says: Mar 4, 2014 9:17 AM

    Never seen a team try so hard to stay so irrelevant.

  15. zam0854 says: Mar 4, 2014 9:21 AM

    Troubling times in Big D..reminds me of the time when I had a WILD Draw 4 battle in Uno.

    I don’t understand why any free agents would enjoy playing for the cowboys bedsides their facilities. Worse owner in the league.

    #8-8
    #1playoffwininyears
    #robryanlaughsatyou

  16. starfan79 says: Mar 4, 2014 9:25 AM

    i wish we could purge this contract.. Wares contract, austins, carrs and everyone else.. the raiders have tons of cap space.. how the tables have turned.

  17. athwartships says: Mar 4, 2014 9:29 AM

    If they just paid Romo what he is worth, they would have plenty of room in the cap to hire on guards and ends to protect his fragile body.

  18. thevet732thelinc236 says: Mar 4, 2014 9:33 AM

    Weren’t the Cowboys paying Aikman for years after he was done playing because of this strategy? They still might be.

    I hope Jerry never sells this team. I love watching the Cowboys suffer from bad decisions.

  19. berniemadoffsides says: Mar 4, 2014 9:33 AM

    Cutting Austin is a no-brainer. I also think Ware’s gotta go, sadly.

  20. slater1997 says: Mar 4, 2014 9:33 AM

    Say goodbye to Miles Austin, and hello to under the cap.

  21. gbmickey says: Mar 4, 2014 9:35 AM

    You can see why Jerry tried skirt the agreement a couple years ago regarding contracts, he knew they were in trouble.

  22. jimbo75025 says: Mar 4, 2014 9:38 AM

    Way to go Dal-oh wait that says restructuring and not releasing. Sorry Cowboys fans.

  23. aimpai says: Mar 4, 2014 9:39 AM

    What choice did he have? We knew this is what was going to happen the day they signed Romo to an extension.

  24. jimmyt says: Mar 4, 2014 9:46 AM

    “for the purpose of proration, kicking the can down the road, and pushing their current cap-tightness into the future” is exactly how teams get into cap messes in the first place.

  25. grogansheroes says: Mar 4, 2014 9:46 AM

    If they want to clear space, they should cut Romo, and sign him to a three year $9m deal. You know, his true worth.

  26. jhmiddleton81 says: Mar 4, 2014 9:50 AM

    Who in their right mind gave Romo that kind of money? I read he’s counting $27 Million against the cap next year? What the hell are you doing, that money could go to FIVE!!!! solid starters! They gave him about three times as much as I would have given to a guy whose like 1-4 in the playoffs and is a choke artist every year

  27. abninf says: Mar 4, 2014 9:58 AM

    Tony Romo is a true leader, willing to make any sacrifice for the good of the team. General Manager Jones, who has three rings and built one Dynasty, is a move or two away from another championship. He’s like a painter behind his pallette putting the final touches on another masterpiece. Everyone should like Jerry Jones. His team makes all the other teams more money with the socialist system that is in place.

  28. joetoronto says: Mar 4, 2014 10:14 AM

    nou04 says:
    Mar 4, 2014 9:13 AM
    Before the naysayers jump on the band wagon here, Romo’s contract was done with the restructuring in mind. They knew it was going to happen when they did his contract.

    Jerry is a lousy GM and true, they are pushing the cap problems into the future. But Jerry is an incredible businessman. In the not too distant future, the cap is just going to get higher and higher, making it not so painful to deal with the prorated bonus’s.
    ***********************************************
    This would make a lot of sense, if existing contracts didn’t expire and have to be restructured yet again.

    No, it’s called kicking the can down the road, the Raiders did this for many years and it’s alright if you’re close to winning the Super Bowl.

    Not so much if you’re consistently average though.

  29. earpaniac says: Mar 4, 2014 10:29 AM

    I still think the NHL way is how it should be done. You can pay the guy a year whatever you want, but for cap purposes, it’s just the avg yearly salary.

  30. purpleguy says: Mar 4, 2014 10:48 AM

    Better not have Miles Austin kick the can down the road on the next contract — he might pull a hammy.

  31. trollhammer20 says: Mar 4, 2014 11:18 AM

    I gotta agree with livebreathefootball. While kicking the can like this isn’t the best long-term strategy, with the way the cap is poised to go up over the next several seasons – especially when the new TV deals kick in – historically, this is probably the best time ever to be doing it. Not to say it can’t still backfire, but the risk is less than it has been previously.

    Just not really sure Romo is worth it. You go through a whole season, it all comes down to that one moment, and what has he done in such situations?

  32. daysend564 says: Mar 4, 2014 12:02 PM

    Almost under the cap by restructuring a couple guys that were going to be here for several years anyhow. Still haven’t even approached Ware, Austin, or Carr. Those could free up another $12-15M this offseason.

  33. shadowgamesshades says: Mar 4, 2014 3:31 PM

    Tony Romo will never win a ring. He consistently chokes away big games.

  34. axespray says: Mar 4, 2014 6:53 PM

    That “We’re 1 guy away” mindset has poisoned this team since they had a easy schedule in 2007.

    This… is the result of that mindset, they wasted Ware/Witten/Romo ‘s primes with doofus Jerry at the helm.

    Now they still have that stupid mindset when the reality is that they need to bite the bullet – cut and gut, clear up a ton of cap space – load up on draft picks and give it another go.

    Like the Packers did when Ted arrived or what John did when he arrived in Seattle or what Reggie did when he arrived in Oakland.

    Bite the bullet and reload.

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