Cowboys restructure Tony Romo’s deal yet again for cap room

AP

Tony Romo didn’t take a pay cut to help keep DeMarco Murray.

But coincidentally, his latest restructuring creates enough cap room to make room for the guy who could be his next running back.

The Cowboys have restructured Romo’s deal yet again, creating $12.8 million in cap space this year.  A source with knowledge of the situation tells PFT that it wasn’t a negotiated restructuring, but an automatic conversion of $16 million of Romo’s base salary to a signing bonus.  His salary for 2015 becomes $1 million.

Granted, that just pushes (yet again) prorations into the future, and whenever the time comes for Romo to be an ex-Cowboy, he’ll be their biggest cap hit for at least a year beyond.

They’ll tack on another $3.2 million worth of cap charge to each of the remaining years of his extension.

And while they might not turn the short-term savings into an Adrian Peterson deal, it is a happy coincidence that the wantaway Vikings running back has a $12.75 million salary coming his way this year.

I’m sure the two aren’t connected.

Right?

110 responses to “Cowboys restructure Tony Romo’s deal yet again for cap room

  1. Yeah except they also need money to sign draft picks, unless were getting the reverse Walker trade which would be the funniest thing that ever happened

  2. AP needs to realize that the state that charged him was Texas, the employer who suspended him was the League, and the real victim was his son.

    If he really wants to be around people who “have his back” then you should avoid the state that screwed you and the league that pays you and run track like you thought you could do.

    We have a slightly higher level of sophistication in Minnesota and we do not have time for child abusers.

  3. desertviking64 says:
    Apr 1, 2015 2:11 PM
    a number 1, McFadden and Lee.

    ———————————
    Why would you want that trad e???? If i am the vikings i am asking for two 1’s and this years second. Its walker revenge time.

  4. In stead of robbing from the future to maintain the status quo today……I don’t know….maybe get a new QB. One that can get you to the playoffs a bit more often and perhaps even win a playoff game some day.

  5. Sounds like the Cowboys are getting economic advice from Obama. An 18 TRILLION dollar debt and growing every year with no intention of taking the hit and paying it off — what could possibly go wrong?

  6. wademaxwell1990 says:
    Apr 1, 2015 2:17 PM
    April fools

    no it’s not, but pretty scary offense, isn’t’ it!

  7. The Cowboys released Austin after 2013 despite the dead money owed on his contract. Dallas is still paying Austin $5.1 million this year even though he’s not on their roster.

  8. A couple weeks too late… Murray fit well not only on that offense, but also helped the Defense immensely by keeping them off the field.

    I understand that Murray put on a ton of miles on last season, but Peterson is the Exact opposite, by the time the next season starts he will have played 1 game in 20 months. He’s also older than Murray…

    I also think Peterson comes with a more baggage, than Spray Tan does.

  9. AP was the best running back in the game. But he hasn’t played in a year and has had major life distractions going on. Not to mention he may be an even worse PR hit than the woman beater they just signed. Not even as a dallas hater, but this would be a very bad move.. Now as an Dallas hater i hope they do it and i hope the Vikings make them trade 2 full drafts for him…. The way they are pushing money backwards the the cowboys may be willing to do it just because they almost have to win this year or next

  10. its so sad people don’t understand how the salary cap works but still feel the need to make stupid comments. Cowboys have plenty of cap space in future years, plus its gonna go up quite a bit after this year.

  11. thats about what theyll need to sign draft picks though… draft rb and cb and that team will be alright

  12. Here’s a fun fact: Miles Austin counts $5,106,200 against the Cowboys’ cap in 2015. He hasn’t played there since 2013. DeMarco Murray’s 2015 cap hit is $5 million.

    Have to love how Jerrah manages his team. Best GM in the NFC East.

  13. gomybirdsgo says:
    Apr 1, 2015 2:14 PM
    desertviking64 says:
    Apr 1, 2015 2:11 PM
    a number 1, McFadden and Lee.

    ———————————
    Why would you want that trad e???? If i am the vikings i am asking for two 1’s and this years second. Its walker revenge time.

    —————————
    being realistic, AP won’t get that much Mcfad is a good back that was with a crap team and Lee would be our Mike. Maybe next years #1 after the Boyz lay an egg.

  14. Another $3.2 million on top of their Salary Cap woes for the following 4 years. I believe this is the 3rd year running that they’ve done this…and that money can’t be restructured; it’s basically dead money.

  15. Will Romo be praised by fans for restructuring like Brady was? Probably not, because Brady was reported as taking a pay cut to free up space. Pretty funny that fans actually thought (and probably still do) he wouldn’t get paid that money in some way.

  16. I doubt that this will help repeat last year’s aberration of Dallas getting into the postseason. But at least when they go back to missing the playoffs with Romo, Jerry can get playoff expansion passed for 2016.

  17. AD, right now, is twice the tailback that Demarco Murray is….emphasis on >>right now. It’s gonna happen people. Jerrah is mortgaging the future for one last shot with Tony OH NO at the helm and he’s bringing in AD as the workhorse to get them there. Regardless of your thoughts on his transgressions, no one can deny that with his breakaway speed and grit to not get tackled, AD can make this thing fly in Dallas. The O-line is gonna open up monster holes, and AD will put it in the endzone.

  18. First Hardy, Now Peterson. Hopefully Hernandez gets off so Dallas can sign him.I forgot the shoplifters name. Jerry this is going to end badly. Keep mortgaging the future, that always works out, look at Washington. Took Snyder 12 years to figure out. Keep building from the draft.

  19. As much as it sounds like a good idea, AP is just too expensive. Not only is MN going to ask for a king’s ransom, but then you’ve got his huge contract (which he likely won’t renegotiate).

    My guess is that Dallas made the room for their draft picks and they’ll get a back in the draft.

  20. Look, I’m a Viking fan, but what team with half a brain would give up a number 1 pick for a 30 year old RB that’s a PR nightmare even if he is a former MVP? I don’t think even Jerruh is that careless.

  21. The ‘Boys were going to do this eventually to create the cap room for Hardy and for the rookies. They probably did it now to gain cap room for the McClain deal earlier today. There is no way they could take on AP without him taking a new contract with lower pay.

    As for Romo, his cap figure the next couple of years is manageable. The biggest risk is if something happened and he didn’t play next year at all. If he plays 3 more years like they plan, then this won’t hurt them too bad in the future.

  22. jerryyouradisgrace says:
    Apr 1, 2015 2:19 PM

    AP would put the boys in the SB….and win it

    —————–

    That’s just what Mike Lynn said about Hershel Walker and the Vikings.

    I hope that’s the thinking in big D…. Romo’s only got a short time left, so it’s now or never. Giddy-up with a boat load of draft picks and let’s do it.

  23. desertviking64 says:
    Apr 1, 2015 2:33 PM
    gomybirdsgo says:
    Apr 1, 2015 2:14 PM
    desertviking64 says:
    Apr 1, 2015 2:11 PM
    a number 1, McFadden and Lee.

    ———————————
    Why would you want that trad e???? If i am the vikings i am asking for two 1’s and this years second. Its walker revenge time.

    —————————
    being realistic, AP won’t get that much Mcfad is a good back that was with a crap team and Lee would be our Mike. Maybe next years #1 after the Boyz lay an egg.

    ————–
    i’m not hating i hope the vikings fleece the boys … but i would think you guys like that Mckinnon i think his name is. He looks like a good young back. and Lee hasn’t played a full season since high school and has a huge contract.. Vikings do need a MLB though in the worst way. I just think you might do better drafting than those two guys…. either way i hope they do a deal and you guys Fleece them. Then i hope we don’t olay the vikings for awhile because they seem to beat us no matter how bad they are lol

  24. Viking fans have to be the most delusional fans in the league. 1st round picks, accomplished starters, for the PR nightmare that is peterson? The guy wants nothing to do with the vikings and will make this situation so uncomfortable for the coaches and in the locker room that the vikings will take next to nothing for him. We see this every year with cancerous players. Spieladope will once again live up to the nickname. He is so magical he makes the playoffs disappear by mid season.

  25. araidersfan says:
    Apr 1, 2015 2:37 PM

    I doubt that this will help repeat last year’s aberration of Dallas getting into the postseason. But at least when they go back to missing the playoffs with Romo, Jerry can get playoff expansion passed for 2016.
    ================================

    A Raiders fan talking smack. LOLOLOLOL!!

  26. Thank goodness for Bill Polian, when he claimed the Vikings should take no less than multiple ones in the draft, he undoubtedly changed the perceived value of AP. Before that I don’t think anyone was willing to even give up one number 1 pick.

  27. Hey jerry, your paying two Eagles this year … how’s that gonna feel when we beat you ?? when the Giants do stupid stuff it never makes me happy but when the skins or Boys do it. My day is just better … must be northeast bias or something…. I don’t like the giants … i just don’t hate them like the other two teams

  28. I can’t see an AD trade happening, but can you just imagine all the media articles being written as a result? Sam and Tebow all over again. Oh the humanity!!!

  29. Big Blue On You says:Apr 1, 2015 2:28 PM

    Here’s a fun fact: Miles Austin counts $5,106,200 against the Cowboys’ cap in 2015. He hasn’t played there since 2013. DeMarco Murray’s 2015 cap hit is $5 million.

    Have to love how Jerrah manages his team. Best GM in the NFC East.

    Murray has no cap hit in 2015…he played out his rookie contract…that’s the eggles problem now

  30. Why is it so incomprhensible that AD remains in MN? Why is it more comprhensible that Dallas would sign two of the players involved in the the top three PR nightmares of last year. MN has to take the punishment for AD’s actions, but Dallas can obtain Hardy and Peterson in one off-season since their domestic violence cases? pfft

  31. Wow with all these people on here who know better how to run an NFL team than guys who have been doing it for years it’s a wonder NFL teams don’t come to PFT.com to hire GMs. Why don’t the haters hold off on acting like you know more than you do cause if you were qualified to do Jerry’s or Stephen’s job you wouldn’t be on here throwing in your worthless 2 cents you would actually be doing it. The NFL owners and GMs will call you if they need you. After reading this it wouldn’t surprise me if some of you clowns were actually waiting by the phone. And BigBlueOnYou dude your team isn’t even relevant at this point and hasn’t been for a few years so I really don’t get why you’re on every Cowboy or Eagle article for that matter spewing your dribble like you have something to be proud of. The Giants suck and that may not change for awhile. I mean come on the highlight of New York’s season was a catch by a rookie in a game that the Giants lost in which Tony Romo who’s viewed as anything but clutch was nothing short of clutch. That’s right there was more that happened in that game than that catch wether or not you choose to remember it. Again the Giants suck.

  32. I wouldn’t want to pay big money for a mediocre qb like the cowboys are, but since you can roll cap room under the new CBA, there’s zero reason to not do this stuff with at least roster bonuses or for base salaries of guys you know you’ll be keeping. Sure, if you spend it all you can get in trouble, but there’s no harm in rolling the cap space and giving yourself more flexibility.

  33. I find it funny when fans call non-elite bad or worse.

    There are only a few elite QBs in the NFL at one time. If there was a stockpile of them or if elite QBs could be easily traded for, then there would be no reason to pay Romo, Alex Smith, etc. as much money as they make. But, that is not the reality of the situation.

  34. No Vikings DON’T draft RB Gurley… that would be FAR too much Packer Troll ammunition,

  35. its nice to see so many GMs/Cap experts on PFT today. really impressive!

    for the “haters” out there who love the “kick the can down the road” bit that they love to regurgitate without even knowing anything:

    Dallas’ currently has $36M in cap space in 2016
    and $67M in 2017…assuming no big increase in the cap which is expected.

    Yeah, JJ is SO horrible. but hey, don’t let a thing like facts ruin your fun. tools

  36. This is what they needed to do JUST TO OPERATE this year, not to go after AP.

    If they want to do that, they need to restructure another 10-12 million to make it work, or a bit less if AP restructures.

    Meanwhile, go to overthecap or spotrac and you see that if they cut players they will have accelerated cap hits and they lose space.

    Meanwhile Romo’s 17 mill hit next season (down from 27), now will be heading back up.

    Cowboys cap situation is horrible, and this restructure, just to operate WITHOUT AP, doesn’t allow them the room to get AP.

  37. Well its pretty clear you don’t need $12+ million in cap space for draft picks and there are no free agents worth that kind of money on the market. So logically it has to be for a trade of a player who requires a rather large salary.

    You don’t ask Romo to restructure AGAIN unless you have a specific reason and its clear the reason is AP. AZ has offered a 2nd rounder and the Vikings didn’t move. I would venture to guess the Cowboys have increased it to their 1st round (pick 27).

    There must have been some movement from MN or there would be no reason to back load Romo’s contract like that. Basically if the Cowboys go after AP it is for a 2-3 year window. Romo isn’t getting younger, the OL is primed right now and you have arguably the best WR in the game. Take your shot!

  38. jerryyouradisgrace says:
    Apr 1, 2015 2:19 PM

    AP would put the boys in the SB….and win it

    ______________________________________

    The 1989 Vikings thought the same thing about H. Walker.

  39. danind says:
    Apr 1, 2015 3:29 PM
    its nice to see so many GMs/Cap experts on PFT today. really impressive!

    for the “haters” out there who love the “kick the can down the road” bit that they love to regurgitate without even knowing anything:

    Dallas’ currently has $36M in cap space in 2016
    and $67M in 2017…assuming no big increase in the cap which is expected.

    Yeah, JJ is SO horrible. but hey, don’t let a thing like facts ruin your fun. tools

    ——————————–
    you’d be right to call us tools except for one little thing about those numbers ….. that 36 mil next year is for only 46 players … last i checked thats not a full team … oh and in 17 with the 67 mil …. thats only because they only have 15 players signed ….. i would be quite worried if better than 40% of my cap was going to 15 players and thats with out the restructure so its only going to be worse ….. perhaps you should not call people tools when your wrong … 🙂

  40. When Uncle Jerry finally runs out of tricks and has to cut Romo, the Cowboys are going to end up with about 40 million bucks of dead money on their cap. Should be fun when that happens.

  41. davekva72 says:
    Apr 1, 2015 2:53 PM

    araidersfan says:
    Apr 1, 2015 2:37 PM

    I doubt that this will help repeat last year’s aberration of Dallas getting into the postseason. But at least when they go back to missing the playoffs with Romo, Jerry can get playoff expansion passed for 2016.
    ================================

    A Raiders fan talking smack. LOLOLOLOL!!

    ***********************************

    Why not? I’m not personally responsible for the bad management over the last several years for the Raiders. And it doesn’t change the truth about what I have said about Jerry. I think the fact that a Cowboy legend like Tom Landry was a Giants fan in his last years says it all about Jones.

  42. A headline on PFT in the year 2022…AP decides to go into the Hall of Fame as a Cowboy.

    AP is quoted as saying “Even though I only played for the Cowboys for one season, I owe it to Mr. Jones (God rest his sole) for getting me out of MN.”

  43. Just go for the Trifecta Jerruh! Trade for AP and sign Rice so you can go from “America’s Team” to “America’s Most HATED Team.”

  44. Only Jerrah and his fans are morally bankrupt enough to do this. Put the child abuser with the woman abuser and the mom abuser.

    How bout dem Cowboys!

    SMH.

  45. Dream Team 2.0 here we come.
    Might was well bring in VY to carry a clipboard. With that Oline, Dez and AP. If the Cowboys don’t win the Super Bowl they are a laughing stock.

  46. As long as Dallas grossly overpays…let’s get it done. How about a reverse Herschel Walker deal?

  47. gomybirdsgo says:
    Apr 1, 2015 3:54 PM

    ——————————–
    you’d be right to call us tools except for one little thing about those numbers ….. that 36 mil next year is for only 46 players … last i checked thats not a full team … oh and in 17 with the 67 mil …. thats only because they only have 15 players signed ….. i would be quite worried if better than 40% of my cap was going to 15 players and thats with out the restructure so its only going to be worse ….. perhaps you should not call people tools when your wrong …
    —————————–

    yes, you are a tool. you specifically. only 46 players??!! OMG, haha. last time I checked every team doesn’t have 53 players under contract for the next 5 years. wow, so sad. the cowboys hate is strong in you. you do realize you made yourself look really dumb, right? 46 out of 53 players. pretty darn good, and better than a lot of teams.

    Like I said, don’t let facts get in the way of your Cowboys hate. The Cowboys are in GREAT cap shape and it just eats you up.

  48. NFL 2014 Facts

    Highest Rated QB…Tony Romo
    Most Receiving TDs ….Dez Bryant
    NFL GM of the Year…..Jerry Jones
    NFC Coach of the Year….Jason Garrett
    And one call from being in the potential NFC Championship

    Jerry is dumb and the Cowboys are haven’t done anything for years….but something has change and is being done right…can’t hate on that.

  49. 40 year cowboy fan here…..

    At this point Id rather have Ray Rice for 2m a year

    AP has shown no remorse

    Tony is one hit away from being a paraplegic
    Lee is one hit away from being a quadriplegic

    and we still have this phantom Dez Bryant video potentially lurking out there.

    To say im not worried would be a lie

  50. danind says:
    Apr 1, 2015 3:29 PM
    its nice to see so many GMs/Cap experts on PFT today. really impressive!

    for the “haters” out there who love the “kick the can down the road” bit that they love to regurgitate without even knowing anything:

    Dallas’ currently has $36M in cap space in 2016
    and $67M in 2017…assuming no big increase in the cap which is expected.

    Yeah, JJ is SO horrible. but hey, don’t let a thing like facts ruin your fun. tools
    ——————————-
    Lol – you are the one who is clueless my friend. Those numbers include everyone’s contract that expires. So, next year, you might have 36M in cap space after a bunch of contracts come off the books but you still need to replace the 15 guys who leave. You think the new 15 are playing for free??

    And…if you think its ok to kick the can because the cap keeps going up….well….so do players’ salaries. Safeties….let me say that again….SAFETIES….are signing $10M contracts now. So, with that $36M you think you have, you’ll be able to afford maybe a new back up linebacker. There’s some facts…tool

  51. No reason to pull off this trade without a high draft pick coming back to the Vikings.

    AP and his agent can pout all they want in the off season but AP will not sit out another year to prove a point to the Vikings. He will play and when push comes to shove in the locker room he will man up for his teammates.

    Rick- Don’t panic, hold your ground and make AP play for the Purple next year and earn some of that cash back. Do not let Dallas double up on the Hershall Walker debacle.

    Is Hershall still looking for his shoe? What a hack.

  52. My thoughts:
    With JJ’s age and desire to win another Superbowl before Father Time catches up, I can most definitely see him trading for AP. So the probability is there.

    With Romo doing yet another restructure, Dallas is going to be eating a lot of dead money down the road.

    AP>D. Murray on the field.

    AP brings a whole bunch more PR issues than Murray and after what they withstood with Hardy, I’m not sure that’s a good thing for Dallas. Maybe JJ just doesn’t care.

    If the trade goes down and pans out for Dallas in the post season, most Dallas fans won’t care what it cost.

  53. Cowboys make headlines with everything they do because they sell clicks. Clicks by fans and click by haters. Now comes the Cowboys are in cap hell bull and more of that AP to Dallas bull. Glad they resigned Ro with a deal that has some protection and helps insure they can draft BPA. Go Cowboys! #AmericasTeam

  54. Ha Ha. For all of you fools that think that the Boys would give back a Hershel Walker deal for AP are delusional. You are not paying attention to how the Cowboys do business these days. If and when we do get him you will all be shocked at how little we will have to give up for him!!!!!!!!!

  55. The Cowboys didn’t want to pay Murray top dollar. They made him an offer, and he refused it. And ultimately he defected to the enemy. He made his bed, and now it is time to sleep in it.

    Why would Romo want to take a pay cut for a player the Cowboys didn’t want to pay that amount to in the first place? This is a TEAM sport.

    I am a Cowboys fan, and I personally don’t want AD on the team. He is a great RB, but this rookie RB class is the deepest it has been in some time, and the Cowboys could land a stud runner in rd 2 (or possibly even rd 3) and pay him a LOT LESS than what they would have to pay Peterson because it will require a trade, and that will likely include draft picks.

    Minnesota is NOT going to cut Peterson. I say stick with the 4 RB’s currently on the roster (all at very team-friendly prices), and add a rookie RB (Ajayi is my choice, followed by Duke Johnson, who both could be available in rd 2) at a minimal price. Don’t mortgage away the future.

    Unless Dallas is looking to trade Carr to Minnesota to take Peterson, I am 100% against AD coming to Dallas.

  56. ^^ Ha Ha. Everyone here knows that with his position, age, contract and off-field issues that he’s only worth a 4th rder if that. The fact that Jones hasn’t made the deal already proves his incompetence. Spielman is slow playing that old, senile scarecrow to see if he’ll blink (which even if he does, nobody will know because that leather mug of his is filled to the gullets with botox).

  57. Jerry’s gonna be in for a rude awakening when Romo’s cap number is close to $30 million near the end of his contract. 1/4 of the cap for one guy.

  58. I think PFT might be on to something here. The numbers work for them to get AP and have about enough for rookies left.

    That is if they don’t get played like a top and some other team swoops in to get him.

  59. If I was Spielman, you tell him play or sit.

    He has jack for trade value right now because he sat last year. Have him play and if he’s worth a pinch, trade him before the deadline for a good compensation next year.

    That would be the best hope in my opinion. If he’s playing like old AP, someone will sucker up some picks before he hits the open market. Especially if stupid Jerry can get a sniff of the playoffs before the deadline.

  60. I know I’m an Eagles fan and it may seem disingenuous to say, but I feel there should be a rule against restructuring contracts more than once. I get the need to do it, but it just seems like its playing TOO much with the cap year after year. Maybe like, a player can only restructure once every 3 seasons or something like that.

  61. Jerruh wants another SB before he croaks, he’s putting all his money (literally) on Romo.

  62. A majority of the money due to Hardy will go against next years cap. That is because they are NLTBE (not likely to be earned)

    The in game bonuses total around 9.25 million of the deal. Only two of his games count as LTBE (likely to be earned) because he only played in one game last year. Similarly, the 500,000 to 1,840,000 in sack incentive is also deferred until next year. Cowboys are banking on Hardy pushing them over the top or not reaching those incentive bonuses.

    For those referencing Salary Cap Hell, with it looking like Hardy will face additional punishments, that Hell doesn’t look like it will happen.

  63. I hope Rick talked Jerry into a deal and he restructured Romo’s contract to get it done only to have Rick change his mind. The Boys would be stuck with a 30 million dollar cap hit in a few years with nothing to show for it. That too would make up for the Hershal Walker trade! Poetic justice.

  64. The two aren’t connected. Tony Romo generously allowed the restructuring so Dallas could sign their draft picks. In rounds 1, 2, and 3. Word is Lord Romo wasn’t impressed with ilk in the later rounds and put his foot down on those sorry sods.

  65. @ buzzardpointlookout

    “Dear Cowboys – see you in 2017.
    Signed,
    Salary Cap Hell”

    With one SB win by then, it won’t matter as much, even if it were to happen.

    Signed,
    Jerry Jones

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