TO agrees to new 3 yr extension!

[Hostile]

Not to hijack this thread but who would have thought a few years ago that TO would become the team player having faith in the front office and Ellis would become the malcontent. I think TOs faith in Jerry to take care of his contract will help to passify any other player"s worries. Great news.

I openly admit I didn't.

 

[dmq]

I have always thought TO and Jones were a perfect marriage.

 

[Clove]

I have always thought TO and Jones were a perfect marriage.

If you come to play, and play hard and good, Jerry loves you point blank.

That's why he's such a great owner, he loves his players, they're not just a commodity to him. If he has to let you go, he has a way of doing it where you will still come away loving Jerry. The guy is a godsend for Cowboy fans, let's rejoice.

 

[Bleu Star]

My history on this subject is well documented on this board so I will spare everyone the rewind. I'll just say I am glad this happened and feel this is going to pay great dividends as early as this year. Garrett's offense is now 1 year tenured with mostly everyone returning. These guys are going to blow up on offense this year.

 

[CanadianCowboysFan]

Nice, the ducks are all lining up for us.

 

[JonJon]

I believe this lowers his cap hit by about $4.6 million, putting us closer to about $10 million under the cap.

Signing Hamlin to a long-term deal could save us another $2 million.

Which gives us plenty room to sign Canty AND Taylor



I'm not worried one bit about Ware's contract. People will be cut before Jerry allows him to walk out the door.

Edit: Have the rookies signed yet?

 

[dbair1967]

If they are so good, explain the late 90s and early part of the millenium. There were problems then when he extended a bunch of older players who could not play out their contracts.

Who knows what Ware is going to command - start with Freeney money and then add a bunch more.

I just don't want to lose Ware. It took us 12 years to find Haley's replacement and we've got him in his prime. The only players I would think trading him for are Manning and Brady.

Like I said, step away from the ledge

David

 

[trickblue]

Not to hijack this thread but who would have thought a few years ago that TO would become the team player having faith in the front office and Ellis would become the malcontent. I think TOs faith in Jerry to take care of his contract will help to passify any other player"s worries. Great news.

It's a strange world we live in...

Human sacrifice, dogs and cats living together... mass hysteria!

 

[TellerMorrow34]

I was thrilled to see this move made and that is just one more headache out of the way before training camp even starts. Now if we could get Hamlin and Canty some long term deals before camp then Dallas could spend the season working on Ware and that would thrill me.

I'm not worried, either way, about losing Ware cause that's simply not going to happen.

 

[BigDave95]

His old cap hit consisted of his pro-rated signing bonus ($1.67), his base salary ($4), and his roster bonus ($3), for a total of $8.67.

His new cap hit consists of $12.9 in signing bonus pro-rated over 4 years ($3.225) plus his base salary ($.830), for a total of $4.055.

$8.667 - $4.055 = $4.612

Edit: Hmm....that $1.67 from his old pro-ration doesn't disappear, so you'd still have to do some math with that. If you could spread that out as well over 3 years, I'd guess it's closer to about $4.055 million in total savings.

Fuzzy math.

You're basically right on. The $1.67M doesn't go away so we only save the $4M base salary and the $3M roster bonus.

$7.00 - $4.055 = $2.945

So add that $2.945 savings to the $5,339,718 we were currently under the cap and we've still got $8,284,718 left to play with.

Signing Hamlin to a long term deal will actually LOWER his cap hit and increase that number. Same with Canty. So if we get those two deals done, we should have $10M+ to take into the season. This will allow us to move some of the 2009 money into this cap year through some LTBE magic.

Jerry is throwing money around like crazy but this team is still in great cap shape. All you Chicken Little's worried about not being able to sign Ware need to calm down. The future is bright.

 

[Big Country]

Updated: June 2, 2008, 10:17 PM EST
IRVING, Texas (AP) - Terrell Owens has been on his best behavior for quite awhile. The Dallas Cowboys are doing their best to keep it that way.

Both sides agreed Monday to a three-year contract extension worth around $27 million, according to a person close to the negotiations who asked to remain anonymous because it hasn't been announced.

The key to the deal may not be the length or even the money, which is close to what Randy Moss received.

The best part: Owens will not be playing out the final year of his contract, eliminating a potentially explosive topic from a team that needs its attention on ending an 11-season drought without a playoff win.

Word of Owens' deal came a few hours after the Cowboys got other good news: NFL commissioner Roger Goodell is allowing suspended cornerback Adam "Pacman" Jones to join the club all the way up to the regular season and will decide by Sept. 1 if Jones can be fully reinstated.

Owens' last few deals have been nothing but headline-makers. There was the seven-year, $48.97 million contract he got from the Philadelphia Eagles in 2004, followed by all the complaining he did about it in 2005. The Eagles cut him, letting him sign anywhere else, and he wound up getting a three-year, $25 million deal from the Cowboys.

Jerry Jones sure has gotten his money's worth.

Owens has provided glitz, jersey sales - and lots of catches. He led the NFL with 13 touchdown catches in 2006, then had an NFC-best 15 more last season. His two-year total is tops in the NFL.

His success also coincided with the emergence of Tony Romo, who went from backup to Pro Bowler by following the simple formula of throwing to No. 81 whenever possible.

Owens has insisted for months that he wasn't worried about his next contract because Jones always takes care of his players. True enough, Jones re-signed offensive lineman Flozell Adams early in the offseason, then recently gave extensions to cornerback Terence Newman and running back Marion Barber. All were quite lucrative, just like this one.

Now that the Cowboys are back to being among the NFC's top teams, Jones wants to keep it that way. As much as he wants to win a playoff game for the first time since the 1996 season, and a Super Bowl for the first time since 1995, he also has seats and luxury suites to sell. The team is footing the bill for most of a $1.1 billion stadium that will seat 80,000 for most games, with a capacity of up to 100,000.

Owens will turn 39 in December of the final year of the extension, 2011.

He's 35 now and in as good shape as anyone a decade younger. A fitness devotee, he's unlikely to let himself go now. His former teammate and mentor Jerry Rice played well into his 40s.

The Cowboys have never brought up Owens' age in anything but a positive light. In fact, since coach Bill Parcells left after the 2006 season, the club and "the player" - as Parcells called him - have gotten along just fine. Even fans have come around to the guy who made himself Public Enemy No. 1 for spiking a ball onto the team's midfield star logo twice in the same game while he played for the San Francisco 49ers.

Paying him on par with Moss is another way to keep T.O. smiling.

Owens has averaged 83 catches and 1,267.5 yards over his two seasons in Dallas.

A five-time All-Pro, Owens is ninth on the career receptions list with 882, 10th in receiving yards with 13,070 and third in touchdowns with 129.

He's also the active leader in TD receptions, a point of pride for a guy who was the 89th overall pick in 1996, the draft that featured Keyshawn Johnson taken first overall, with Terry Glenn, Eddie Kennison, Marvin Harrison, Eric Moulds, Amani Toomer, Muhsin Muhammad and Bobby Engram among the receivers taken before Owens.

LINK

 

[gazmc_06]

I'm extremely happy with this, our best off-season move. Locking up T.O. was my main concern going into this season.

 

[Doomsday101]

I think this was a fair deal for both parties. I'm glad things have worked out as they have, this contract should take TO to the end of his career.

 

[theogt]

You're basically right on. The $1.67M doesn't go away so we only save the $4M base salary and the $3M roster bonus.

$7.00 - $4.055 = $2.945

So add that $2.945 savings to the $5,339,718 we were currently under the cap and we've still got $8,284,718 left to play with.

Signing Hamlin to a long term deal will actually LOWER his cap hit and increase that number. Same with Canty. So if we get those two deals done, we should have $10M+ to take into the season. This will allow us to move some of the 2009 money into this cap year through some LTBE magic.

Jerry is throwing money around like crazy but this team is still in great cap shape. All you Chicken Little's worried about not being able to sign Ware need to calm down. The future is bright.

I believe you can spread the $1.67 out as well, so that saves another $1.25 million in '08.