It would be interesting to know the team’s actual probable liability on a contract like this. Guaranteed obviously means that the player is going to see that money for sure, but I wonder if there is offset language in the actual contract.
What if the team cuts the player and then brings him back to the practice squad? I would assume that the guarantee is somewhat covered (maybe completely) by the practice squad salary. Or if that player is claimed off of waivers, the Cowboys get credit (offset) against the guarantee by the other team paying the player during that season.