The Dallas Cowboys and quarterback Tony Romo have agreed to a restructured contract that will help bring the team to less than $1 million over the salary cap, according to Todd Archer of ESPN.
Archer reports the Cowboys' conversion of $12.5 million of Romo's $13.5 million base salary into a signing bonus will drop his salary-cap figure from $21.773 million to $11.773 million.
The six-year contract extension Romo signed last year was worth $108 million and included $55 million guaranteed. The Cowboys designed the contract to be restructured in the second year of the deal in anticipation of working under this season's salary cap.
Romo's reworked numbers, combined with expected restructured contracts with linebacker Sean Lee and defensive back Orlando Scandrick, will create another $6.8 million in cap room, according to the report, leaving the team less than $1 million over their $134.55 million cap. The Cowboys gave Scandrick a two-year extension late last season that guaranteed him $9 million. Lee was signed to a six-year extension worth as much as $51 million prior to last season. The Cowboys could further reduce their cap number with the release of defensive end DeMarcus Ware and/or receiver Miles Austin. Ware will count $16 million against the cap but would give the Cowboys $7.4 million in relief if he is released. The Pro Bowler also could work out a restructured deal. Austin will count $8.249 million against the cap but provide a $5.5 million savings if he is released after June 1.