FRISCO (105.3 The Fan) - In what team owner Jerry Jones tells 105.3 The Fan is an “expected” procedural move, the Dallas Cowboys have created $5 million in salary cap room by restructuring quarterback Dak Prescott's contract, converting $6.5 million of his 2021 base salary into signing bonus money.
It's a simple “flip of a switch” built into the four-year, $160 million contract signed by Prescott this spring that represents a bookkeeping device. There is no negotiation needed to do this and there is no financial sacrifice on the part of the player.
Said Jones in his Tuesday visit with “Shan & RJ”: “It was anticipated when we made the contract and it's part of the contract that allows you to manage your roster. Everything about it was expected."
A source tells 105.3 The Fan that as with a recent similar move with running back Ezekiel Elliott’s contract (in which $7 million of room was created), there is no specific front-burner target or intention with the new space. It does create a “slush fund” in case of a personnel opportunity or emergency this year, but maybe more important, teams cab also have the option to carry over unused cap space into the following season.
"Really, both (reasons)," Jones said. "It was looking around the corner, looking at what you're going to need as you move through … this season, but certainly into next season.”
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