Some notes:
- Some projections expect the 2025 salary cap to be approximately $275 million. Teams aren't planning for the $30 million jump it took in 2024, but it will still go up. According to Roster Management System, the Cowboys have 40 players signed for 2025 at a cost of $263 million.
- Prescott has a 2025 cap number of $89.89 million via the four-year extension he signed in September that made him the highest-paid quarterback in the NFL. The Cowboys will restructure that deal and gain about $36 million in cap room.
- Lamb has a cap number of $35.45 million for next season on the extension he signed in August, which made him the second-highest-paid wide receiver in the NFL. The Cowboys will restructure that deal and gain about $20 million in cap space.
- That $56 million or so is a huge boost, and it would be more money if they extend Parsons. He is set to count $21.4 million on his fifth-year option, but a multiyear extension would lower that figure. But last offseason, the Cowboys did not sign Lamb until August and Prescott until September, so it's difficult to imagine the Cowboys will get a Parsons deal done by the time free agency opens in the middle of March.
- The season-ending knee injury sustained by cornerback Trevon Diggs negates the possibility of him being released in the offseason. His 2025 base salary of $9 million was guaranteed for injury at the time of signing in 2023. If he had not been injured, the Cowboys had until the fifth day of the 2025 league year, when the money would have been fully guaranteed, to release him and gain as much as $10 million in cap space.
- Right tackle Terence Steele is set to count $18.125 million against the cap next season. If the Cowboys designate him a post-June 1 release, they would save $14 million, but he would count about $6.4 million against the cap in 2026.
- Cornerback DaRon Bland will see his salary increase from $1.1 million to the cost of the second-round restricted free agent tender, which projects to be about $5.2 million, because he was selected to one Pro Bowl. Tight end Jake Ferguson will not get the same Pro Bowl boost because he was not on the initial roster in 2023, but his base salary will jump from $1.1 million to the right-of-first-refusal tender, which projects to be about $3.2 million. Wide receiver Jalen Tolbert will also have a base salary of $3.2 million, a jump of $1.8 million on his initial deal.
- The Cowboys have two players set to become restricted free agents in receiver KaVontae Turpin and safety Markquese Bell. Turpin is likely to earn a Pro Bowl bid for the second time in three seasons. Since he was undrafted, the Cowboys would have to put the second-round tender on him ($5.2 million) or risk losing him for nothing if another team signs him to an offer sheet. The Cowboys could pass on tendering Bell and attempt to re-sign him to a lower deal.
- But it will remain true that if the Cowboys want to be active in free agency -- if not at the top of the market -- they can be. So the major question of their approach to the 2025 offseason is: Will they?