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Cowboys will pick up $14 million in cap space from Romo release on Friday

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Before 2006, June 1 meant a lot in the NFL. Now, it still has some meaning, although not nearly as much.

Prior to the last CBA extension before the lockout, teams had to choose between cutting a player before June 1 and taking the full cap hit in one year or waiting until after June 1 and spreading it over two seasons. That dynamic created a second wave of free agency that commenced as the June 1 cuts began to be made.

The labor deal finalized 11 years ago allowed each team to designate up to two players as a June 1 cap casualty, cutting the cord but nevertheless carrying the cap charge as if the player were on the roster until June 1 comes and goes. That device was incorporated into the 2011 labor deal, and it still remains in place.

So when the Cowboys released Tony Romo, they did so with the post-June 1 designation. That resulted in his $19.6 million cap hit being split into a $10.7 million charge in 2017 and an $8.9 million charge in 2018. But since his $14 million salary (and $24.7 million cap charge) remained on the books through June 1, the Cowboys will get as of Friday $14 million in cap space.

Via Field Yates of ESPN.com, other teams will pick up some cap space, too, but none will get nearly as much as the Cowboys. The Saints generate $7.8 million, the Jets get $6 million, the Lions realize $4.8 million, the Falcons pick up $4.25 million, and the Chargers acquire $2.5 million.

So why do teams cut guys before June 1 if the moves don’t hit the books until after that? It gives the player a maximum chance to find a new home (which is particularly useful if he has guaranteed money subject to offset language), and it avoids the requirement that the team permit into the facility for offseason workouts a player to whom his full salary would be owed if he’s injured on the premises.

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15 Responses to “Cowboys will pick up $14 million in cap space from Romo release on Friday”
  1. RandyinRoxbury says: Jun 1, 2017 11:09 AM

    Excellent!
    More funds available to sign current and future felons!

  2. denverdave3 says: Jun 1, 2017 11:12 AM

    This is the kind of article I like because it’s actually about football, not the soap opera surrounding it.

  3. skimbell says: Jun 1, 2017 11:12 AM

    Forget Romo.
    Isn’t there something you could write about Kaepernick?

  4. aj66shanghai says: Jun 1, 2017 11:12 AM

    “The Saints generate $7.8 million, the Jets get $6 million, the Lions realize $4.8 million, the Falcons pick up $4.25 million, and the Chargers acquire $2.5 million.”

    Awww, someone got a thesaurus for Ramadan

  5. deacon85 says: Jun 1, 2017 11:19 AM

    If I could redo my choice of career, I’d become an NFL capologist. Unfortunately, I don’t think they had back in the 1980’s.

  6. tylawspick6 says: Jun 1, 2017 11:25 AM

    they will need it as they rebuild moving forward

  7. sportoficionado says: Jun 1, 2017 11:54 AM

    Zach Martin is about to get paid…and maybe perhaps some money left over for a trade.

  8. oscarxray says: Jun 1, 2017 12:05 PM

    That’ll give them some money for the statue but $14 million might not be enough.

  9. eazeback says: Jun 1, 2017 12:12 PM

    NEED SUM DEFENSIVE HELP

  10. trollaikman8 says: Jun 1, 2017 1:12 PM

    May as well go paperless and just wire that money over to Zach Martin’s bank account.

  11. txmidnite says: Jun 1, 2017 2:21 PM

    Pay Zach.

  12. flaccoishermanmunster says: Jun 1, 2017 3:09 PM

    im sure jerry will spend it wisely

  13. ncmalko1 says: Jun 1, 2017 3:12 PM

    As an Eagles fan it pains me to say Dallas is right on the cusp. As crazy as it sounds they’ve hurt themselves by drafting so well on the OLINE that it will be hard to pay all the other guys soon. Dak will be a FA in a few years.

  14. thisistheendifyouletit says: Jun 1, 2017 4:12 PM

    ncmalko1 says:
    Jun 1, 2017 3:12 PM
    As an Eagles fan it pains me to say Dallas is right on the cusp. As crazy as it sounds they’ve hurt themselves by drafting so well on the OLINE that it will be hard to pay all the other guys soon. Dak will be a FA in a few years.
    _________________________________________

    So if the Cowboys could just somehow draft like a bag of hot garbage they’d get to keep Dak. Got it. That doesn’t sound crazy at all. You need to give yourself more credit.

  15. jerrysglassescleaner says: Jun 4, 2017 2:14 PM

    Lock up Martin and we are set over a decade. Not all lineman can get the big contract, but as long as Smith, Fredrick, and Martin are locked up, they will elevate any lineman we decide to plug in. These are our new triplets. They made Doug Free better than what he actually was. Make a modest move for depth on defense after we lock up Martin, then you can pretty much pencil in Dallas for another NFC number one seed. The team is intact, coaching, core players, you name it.

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