Thats a ridiculous comment - where does the other 35 million go? It hits the cap!
The other $35 million and whether it or a portion of it ever hit the cap depends on if Gallup is on the roster for the full 5 years. So he's right in the sense that it's possible that the Cowboys may never have to take the full $62 million in cap charges.
Let's say Gallup's deal has 5 years of base salary at $9 million per year. He also has a signing bonus of $17 million. The first year of base salary is also guaranteed plus the 2nd year bonus of $1 million which gets you to the $27 million guaranteed money. The contract would look like this:
Year 1 - $9 million base + $3.4 million prorated bonus = 12.4 million cap hit
Year 2 - $8 million base + $1 million bonus + $3.4 million prorated bonus = 12.4 million cap hit
Year 3 - $9 million base + $3.4 million prorated bonus = 12.4 million cap hit
Year 4 - $9 million base + $3.4 million prorated bonus = 12.4 million cap hit
Year 5 - $9 million base + $3.4 million prorated bonus = 12.4 million cap hit
But let's say the Cowboys decide to cut Gallup after Year 2. If that happens, they never have to take a cap hit on $27 million of remaining base salaries owed. They would have to take a $10.2 dead money hit, however.