Dallas Cowboys free up 7 million by restructuring a couple contracts
The Cowboys began the process of clearing room to get under the 2014 salary cap of $133 million by restructuring the contracts of cornerback Orlando Scandrick and linebacker Sean Lee.
Lee converted $4.75 million of his $5.5 million base salary into signing bonus for next season, while Scandrick moved $3.75 million of his $4.5 millon base salary into bonus.
The moves cleared roughly $7 million in cap room for the Cowboys, who were $15-$18 million over the cap. They still have some work to do to get under the cap by March 11, but the team is definitely freeing up some space.
The team saved 2.5 million by letting Phil Costa go, and roughly 1 million dollars in space when the team released four players on Friday. The team is trimming cap left and right, and if they restructure Romo and Ware’s contract the team could be sitting pretty under the cap.
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