Source: Cowboys Cut Michael Gallup To Create $9.5M in Cap Room
FRISCO - The idea of the Dallas Cowboys giving Michael Gallup permission to seek his own trade what a lovely but bogus one.
No team was going to take on Gallup's $13 million APY contract. So on Friday, a source tells CowboysSI.com, the receiver has been cut, with Gallup as a post-June 1 designation.
USA TODAY Sports
The immediate impact? The expected move saves the Cowboys $9.5 million in room this year. But ... as always, the piper must be paid, so Gallup's ill-advised contract - offered and signed despite him coming off his serious knee injury - will count $8.7 million in 2025.
Gallup experienced a breakout year in his second season of 2019, with 66 receptions for 1,107 yards. But he tore his ACL in 2021, and even with the injury Dallas gave him a five-year, $57.5 million contract - a move that did not work out.
The third-round draft pick from 2018 has experienced a drastic decline in production, as last season he had career-lows in yards (418) and touchdowns (two) and the second-fewest catches (34).
Gallup was to have a cap hit of $13.85 million for 2024. A trade didn't actually provide much relief there - despite a silly ESPN "scoop'' that attached the Panthers to a trade possibility.
Gallup's search for a new team, according to ESPN, had piqued the interest of the Carolina Panthers, though given the hard numbers - the idea of Carolina picking up Gallup's salary, plus Dallas saving so little, plus MG's lack of production - we were skeptical about any team wishing to sacrifice anything for the player, knowing he's on the verge of being cut.
And now Gallup has indeed been cut.
