The Dallas Cowboys have some cap room to work with, finally.
As previously reported, the Cowboys managed to get some breathing room under the salary cap by extending quarterback Tony Romo’s contract. Say what you want about the deal, but it was one the Cowboys had to get done.
History would say that Cowboys owner Jerry Jones will blow that cap space on the first big-name free agent that comes his way, but as I’ve stated before I don’t think that’s going to happen.
The Cowboys are currently about $5 million under the cap, and they can free up more cap space by re-signing defensive end Anthony Spencer. So, let’s say the Cowboys reach a long-term agreement with Spencer, OK. That could free up another $2 million to $3 million in cap space, giving the Cowboys about $7 million to $8 million to work with.
The team needs about $5 million to sign its rookie class after the 2013 NFL Draft, which would bring the cap number back down to $2 million to $3 million under the cap. The Cowboys could part ways with right tackle Doug Free on June 1, which would free up about $7 million.
So, what should the Cowboys do with the cap space if it’s available? In my opinion, the Cowboys need to invest that cap space on contract extensions with middle linebacker Sean Lee, defensive tackle Jason Hatcher and kicker Dan Bailey whose contracts expire in 2014. It would also be wise to begin contract negotiations with 2015 free agents Dez Bryant, Tyron Smith, Bruce Carter, Dwayne Harris, Cole Beasley, and DeMarco Murray to name a few.