NewsBot
New Member
- Messages
- 111,281
- Reaction score
- 2,947
Sources have confirmed the Cowboys are in the process of re-working the contract of quarterback Tony Romo in their attempt to get under the 2014 salary cap of $133 million.
The team plans to convert most of Romo's $13.5 million base for next year into a signing bonus, creating roughly $10 million in salary cap space. It will be turned into the league office today.
Combine that with the $6.8 milion they saved on Monday by re-doing the deals of cornerback Orlando Scandrick and Sean Lee and the Cowboys are now with range of being compliant. The Cowboys came into the week roughly $17-18 million over the salary cap.
The Cowboys need to be under the cap by March 11.
Regarding Romo's deal, the Cowboys turned $12.5 million of Romo's $13.5 million base salary into a signing bonus. It dropped his salary-cap figure from $21.773 million to $11.773 million, creating the $10 million in salary space.
The team can clear more room with the expected releases of center Phil Costa and receiver Miles Austin. The Cowboys still have a decision to make on the contract of defensive end DeMarcus Ware.
Clarence Hill
Continue reading...
The team plans to convert most of Romo's $13.5 million base for next year into a signing bonus, creating roughly $10 million in salary cap space. It will be turned into the league office today.
Combine that with the $6.8 milion they saved on Monday by re-doing the deals of cornerback Orlando Scandrick and Sean Lee and the Cowboys are now with range of being compliant. The Cowboys came into the week roughly $17-18 million over the salary cap.
The Cowboys need to be under the cap by March 11.
Regarding Romo's deal, the Cowboys turned $12.5 million of Romo's $13.5 million base salary into a signing bonus. It dropped his salary-cap figure from $21.773 million to $11.773 million, creating the $10 million in salary space.
The team can clear more room with the expected releases of center Phil Costa and receiver Miles Austin. The Cowboys still have a decision to make on the contract of defensive end DeMarcus Ware.
Clarence Hill
Continue reading...