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Cowboys Rework Prescott, Lamb, Smith Contracts to Get Under Salary Cap

The Cowboys converted base salaries into signing bonuses, freeing $66 million under the $301.2 million cap to pursue free agency and defensive upgrades, owner Jerry Jones said.

  • On Wednesday, the Dallas Cowboys restructured the contracts of Dak Prescott, CeeDee Lamb and Tyler Smith, creating about $66 million in cap relief to comply with the $301.2 million salary cap.
  • Because the team started the offseason over the cap, owner and general manager Jones said from Indianapolis he would be willing to 'borrow' future cap space to fix the defense.
  • The restructures drop Dak Prescott's 2026 base salary to $1.8 million and Lamb's and Smith's into the $1.7 million range, converting the differences into signing bonuses, ESPN reported.
  • OverTheCap shows Dallas with about $8,500,000 available as of March 4, but the team still needs more room to match Jerry Jones's free agency plans starting March 11.
  • Jones has indicated more restructures are coming to address the $63,000,000 group charge, potentially freeing $14,000,000 via Quinnen Williams and $12,000,000 via Osa Odighizuwa, though future caps will rise.
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sanangelolive.com broke the news in on Wednesday, March 4, 2026.
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