The Cowboys are projected to be an effective $21 million over the CAP in 2024 so they have to do something. The biggest one is Dak obviously. His CAP hit is over $59 million $25 million of that is previous bonus money. Another $5 million is roster bonus. The can't restructure him unless they extend his deal. If they do nothing, the Cowboys will have $62 million in dead money to contend with in 2024. They can't trade him unless he agrees and he is not going to agree so the only thing they can do is extend his contract and spread his new bonuses into the years of his new contract. They'll probably convert his roster bonus to a signing bonus so they can spread that out as well. Depending on how many years they extend his contract, they can save somewhere around $30 million against the projected CAP in 2024 which will get them under the CAP. Then they need to come up with more money from other players.
There have a bunch of free agents who are starters this year. Tyron, Tyler Biadasz, Jourdan Lewis, Stephon Gilmore, Kearse, Fowler, Hankins, Armstrong, Gallimore and Dowdle.
I think they can let some of these guys go like Gallimore and Dowdle. Given that Mazi Smith has not been the player they expected they may need to re-sign Hankins, if he still wants to play. They get Diggs back but He only replaces one of Gilmore and Lewis. Kearse is a key player but has not looked as god as he did last year.
But the point is, all these guys play and if they are not resigned they must be replaced by players of equal caliber at least. In the past, Dallas has replaced players who were free agents with less expensive, and often less capable, alternatives. Losing Armstrong and Fowler at DE is going to be a problem, unless Sam Williams make a miracle leap of ability in one year.
If LVE retires, the Cowboys get a $2.5 million CAP save.
Trey Lance is a $5 million CAP hit next year. Rush is under $3 million. If they trade Lance before the new season begins, they get a $5+ million CAP save. The question is, will anyone want him?