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Cowboys, Miles Austin finalizing long-term deal

This summer the Cowboys identified a long-term deal for wide receiver Miles Austin as the team’s top priority. Now that deal is getting done.

Adam Schefter of ESPN reports that the Cowboys and Austin are finalizing a six-year deal worth more than $50 million, and that the contract should be signed before the regular-season opener on Sunday.

Although there’s no word on how the contract is structured and how much is guaranteed, Schefter reports that it will make Austin one of the league’s five highest-paid wide receivers.

Austin emerged as the Cowboys’ top receiver last season, catching 81 passes for 1,320 yards and 11 touchdowns, but he was woefully underpaid -- especially compared to teammate Roy Williams. He won’t be underpaid much longer.