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Report: Tony Romo, Cowboys agree to restructured contract

The Dallas Cowboys are 136-136 since 1997. (Richard W. Rodriguez/Fort Worth Star-Telegram/MCT via Getty Images) Tony Romo signed a $108 million deal last year. (Richard W. Rodriguez/Fort Worth Star-Telegram/Getty Images)

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.

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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.
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