- Joined
- Apr 7, 2013
- Messages
- 120,031
Cowboys should keep Tony Romo's cap figure where it is
January, 26, 2015
By Todd Archer | ESPNDallas.com
IRVING, Texas -- According to ESPN Stats & Information, the highest salary-cap figure in the NFL since 2000 has been the $24,752,941 the Washington Redskins heaped on defensive tackle Albert Haynesworth in 2010.
The Dallas Cowboys could very well break that mark with quarterback Tony Romo in 2015.
Romo is set to count $27.773 million against the cap because of a $17 million base salary and a proration of $10.773 million from his signing bonus in 2013 and restructure in 2014.
At the Senior Bowl last week, Executive Vice President Stephen Jones told reporters it is not a given the Cowboys will restructure Romo’s deal.
“Obviously you don’t like to mortgage your future if you can help it,” Jones said. “We started making the move toward being a younger team and going a different direction in terms of pushing money out, so we’d prefer not to do that, but at the same time every situation has ramifications and you have to make tough decisions sometimes. I don’t think there’s an exact science, ‘Hey, we’re going to do it or not do it.’”
The Cowboys don’t want to do it and they probably don’t have to do it either even when it comes to re-signing Dez Bryant and DeMarco Murray to long-term deals or even putting the franchise tag (or transition tag) on either player and signing one to a long-term deal.
They can still create about $31 million in space with other moves and have enough to be viable players in free agency, re-sign their key guys and get all of their draft picks signed.
(Let’s get a misnomer out of the way: a restructure is not a re-do. A restructure is simply an accounting tool where the player still gets the same money it’s just counted differently against the cap. A re-do is a player taking less money. And Romo will not be taking less money, nor should he be asked to take less money.)
Last year the Cowboys turned $12.5 million of Romo’s $13.5 million base salary into signing bonus as part of a restructure. It helped the Cowboys get under the cap last year. They don’t need that help this March.
Romo turns 35 in April. The Cowboys have to believe he has three years left at a high level. If they can withstand such an astronomical cap figure, they should do it. Too often in the past they kept kicking the salary-cap can down the road.
The most common practice in restructuring a player’s deal is to turn the difference between his salary and the league minimum into signing bonus and prorate it five years. The Cowboys like round numbers, to a degree, in their capology and could move Romo’s base to $1 million and turn the remaining $16 million into a signing bonus.
Just like that, they create $12.8 million in space against the cap.
They also eat up $3.2 million more in cap space from 2016-2019 by doing so. Romo’s cap numbers in 2016-19 would jump to $20.835 million, $24.7 million, $25.2 million and $23.7 million.
But the cap will be going up in the future, so what’s the big deal? Sure. And Romo’s base salary in 2016 is just $8.5 million (just?). It might be better to turn the restructure trick in 2016 when you don’t have to prorate as much of the salary and don’t inflate the future cap figures too much.
But there is also this to consider when examining Romo’s $27.773 million cap figure in 2015.
The Cowboys can nibble away at that figure by restructuring it as many times as they want in the coming months, taking a bit here and there as they see fit instead of doing the maximum at the start of the league year and perhaps leaving themselves a bit more compromised in the future.
But go back to Jones words last week: The Cowboys don’t have to do it.
They should be more than willing to erase Haynesworth’s record.
January, 26, 2015
By Todd Archer | ESPNDallas.com
IRVING, Texas -- According to ESPN Stats & Information, the highest salary-cap figure in the NFL since 2000 has been the $24,752,941 the Washington Redskins heaped on defensive tackle Albert Haynesworth in 2010.
The Dallas Cowboys could very well break that mark with quarterback Tony Romo in 2015.
Romo is set to count $27.773 million against the cap because of a $17 million base salary and a proration of $10.773 million from his signing bonus in 2013 and restructure in 2014.
At the Senior Bowl last week, Executive Vice President Stephen Jones told reporters it is not a given the Cowboys will restructure Romo’s deal.
“Obviously you don’t like to mortgage your future if you can help it,” Jones said. “We started making the move toward being a younger team and going a different direction in terms of pushing money out, so we’d prefer not to do that, but at the same time every situation has ramifications and you have to make tough decisions sometimes. I don’t think there’s an exact science, ‘Hey, we’re going to do it or not do it.’”
The Cowboys don’t want to do it and they probably don’t have to do it either even when it comes to re-signing Dez Bryant and DeMarco Murray to long-term deals or even putting the franchise tag (or transition tag) on either player and signing one to a long-term deal.
They can still create about $31 million in space with other moves and have enough to be viable players in free agency, re-sign their key guys and get all of their draft picks signed.
(Let’s get a misnomer out of the way: a restructure is not a re-do. A restructure is simply an accounting tool where the player still gets the same money it’s just counted differently against the cap. A re-do is a player taking less money. And Romo will not be taking less money, nor should he be asked to take less money.)
Last year the Cowboys turned $12.5 million of Romo’s $13.5 million base salary into signing bonus as part of a restructure. It helped the Cowboys get under the cap last year. They don’t need that help this March.
Romo turns 35 in April. The Cowboys have to believe he has three years left at a high level. If they can withstand such an astronomical cap figure, they should do it. Too often in the past they kept kicking the salary-cap can down the road.
The most common practice in restructuring a player’s deal is to turn the difference between his salary and the league minimum into signing bonus and prorate it five years. The Cowboys like round numbers, to a degree, in their capology and could move Romo’s base to $1 million and turn the remaining $16 million into a signing bonus.
Just like that, they create $12.8 million in space against the cap.
They also eat up $3.2 million more in cap space from 2016-2019 by doing so. Romo’s cap numbers in 2016-19 would jump to $20.835 million, $24.7 million, $25.2 million and $23.7 million.
But the cap will be going up in the future, so what’s the big deal? Sure. And Romo’s base salary in 2016 is just $8.5 million (just?). It might be better to turn the restructure trick in 2016 when you don’t have to prorate as much of the salary and don’t inflate the future cap figures too much.
But there is also this to consider when examining Romo’s $27.773 million cap figure in 2015.
The Cowboys can nibble away at that figure by restructuring it as many times as they want in the coming months, taking a bit here and there as they see fit instead of doing the maximum at the start of the league year and perhaps leaving themselves a bit more compromised in the future.
But go back to Jones words last week: The Cowboys don’t have to do it.
They should be more than willing to erase Haynesworth’s record.
