The Dallas Cowboys, like many NFL franchises, are trying to restructure contracts to get under the salary cap. They restructured their deal with DeMarcus Ware earlier today to clear up space and now have restructured deals with Jason Witten and guard Nate Livings.
ESPN NFL Insider Adam Schefter sent out this tweet earlier today:
Dallas restructured contract of DE DeMarcus Ware, converting $5 million of his base salary into signing bonus, saving $4 million against cap
Todd Archer tweeted out the following piece of news:
@ESPNDallas - Jason Witten, Nate Livings also restructure deals. Witten moves saves about $3.65m
Adam Schefter also says the Cowboys aren’t done.
Now that they’ve restructured DeMarcus Ware’s contract, Cowboys plan to restructure contracts of about a dozen more players by March 12.
The Cowboys are trying to get Tony Romo to sign a contract extension that would lower his hit against the salary cap. Though there hasn’t been any progress in negotiations apparently.
Ian Rapoport tweeted and Rotoworld said expect: “the Cowboys to approach RT Doug Free, CB Brandon Carr, LG Nate Livings, Kyle Orton and CB Orlando Scandrick if they can’t reduce Romo’s $16.8 million cap number before March 12. The sides don’t appear to be making much progress on an extension.”