Cowboys suffer $2.5M cap hit after repayment of loan to NFL
This certainly isn't ideal for a Dallas Cowboys' team already facing a salary cap crunch.
by Patrik Walker
@VoiceOfTheStar
4h ago • 1 min read Update 3h ago
The league giveth, and the league taketh away.
Without adding any additional firepower or insurance to the team's roster, the Dallas Cowboys lost a bit of their salary cap this week. It all stems from reconciliation of a cap space loan the team took out in the offseason of 2011. At the time, the NFL allowed teams the option of taking a maximum $3M advance that could be used towards the 2011 cap -- with an additional max of $1.5M towards 2012.
On Monday, per The Cowboys Wire, it came time for the team to pay the league piper.
The repayment caused the team to suffer a $2.5M cap hit, dropping them to only $2,495,979 in available cap space -- per NFLPA.
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Yeah, but Stephen Jones is like a cap genius and stuff.