Dallas likely to be less than $1m over salary cap following deals with trio.
The Dallas Cowboys are nearing an agreement with quarterback Tony Romo over restructuring his contract in order to create $10m in cap space.
Along with restructured deals for Sean Lee and Orlando Scandrick, the Cowboys would move to less than $1m over the salary cap with Romo’s deal the biggest saver.
According to an ESPN source, the team will convert $12.5m of Romo’s $13.5m base salary into a signing bonus, dropping his cap figure from just over $21m to just over $11m instead.
The 33-year-old signed a six-year extension with the franchise last year worth $108m that included $55m in guaranteed money, however the Cowboys designed the deal so that they could restructure in the second year to make the cap room required.
Romo is currently in rehabilitation after undergoing back surgery, but he is expected to make a full recovery in time for reporting to the full off-season program that begins on April 21.
It is understood that the three restructured deals will create $16.8m in space, leaving the team less than $1m over their $134.55m cap after they carried over $1.55m in cap space from 2013.
Dallas are reportedly not planning on restructuring any more contracts unless they need to find space to add players in free agency, although they have yet to decide on the futures of DeMarcus Ware and Miles Austin.
Ware is set to count $16.003m against the cap, and the Cowboys would save $7.4m by releasing him. However, it is reported that their first solution is to come to an agreement with the star over reducing his salary in order to stay on with the organisation.