Sandyf
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Based upon various CAP sites Dallas will be challenged next year.
Overthecap.com has Dallas at (-$5,557,036) over the CAP.
Spotac.com has Dallas at (-$1,662,678) over the CAP.
The differential between the (2) sites is the roll over from 2016. Spotrac notes that Dallas has a $6,524,260 roll over from 2016, thereby increasing their 2017 CAP to $174,524,160.
The actual CAP number is likely somewhere between the (2) estimates.
Dallas has additional 2017 CAP liabilities for next year that include $5,500,000 for the draft and $2,500,000 for in-season transactions. Therefore, depending upon the actual CAP numbers Dallas must create anywhere from $9,662,678 - $13,557,036.
What compounds the Cowboys problems is that they have (23) free agents some of whom are key players. It is likely that Dallas will not be able to sign most of their free agents much less sign new players: Justin Durant, Brandon Carr, Darren McFadden, Mark Sanchez, Barry Church, Andrew Gachkar, Josh Thomas, Terrell McClain, Ronaldo McClain, Morris Claiborne, Lance Dunbar, Kellen Moore, Jack Crawford, Ron Leary, JJ Wilcox, Terrance Williams, Brice Butler, Jonathon Cooper, Ryan Davis, Gavin Escobar, James Morris, and David Irving.
The Cowboys can free up $5,100,000 CAP space by trading Tony Romo. However, if Dallas were to obtain draft picks their draft allocation will go up so the net savings would be (+/-) 4,000,000.
Another alternative that Dallas will likely consider is extending the contracts of certain players. 34-year-old Jason Witten is a likely candidate. Frederick is likely an even better option.
Dallas has already renegotiated some key player’s contracts and this policy is risky. It is like buying with a credit card. They are putting off paying the players until future years.
Dallas would have to free up +/- $15,000,000 to be able to sign their free agents and to have some money for other free agents. This will be difficult.
It should be noted that Dallas will be competing for free agents with the other NFL teams, and there are some like Cleveland that have up to $110,000,000 of CAP space. This will not be easy.
Should be noted that if Romo is released or traded after June 1st then the Boys will have $14 million plus to the cap. We will see several contracts restructured so I would expect us to have around $15 to $20 million cap to resign guys and most of the resigns will be structured in a way to lessen the impact.