Denver Native (Carol)
03-04-2014, 04:05 PM
IRVING, Texas -- The Dallas Cowboys will be less than $1 million over the salary cap after restructuring quarterback Tony Romo's contract to create $10 million in cap space.
According to a source, the team will convert $12.5 million of Romo's $13.5 million base salary into a signing bonus, dropping his cap figure from $21.773 million to $11.773 million.
Romo signed a six-year extension last year worth $108 million that included $55 million in guaranteed money. The Cowboys designed the contract to be restructured in the second year of the deal to create cap room.
rest - http://espn.go.com/dallas/nfl/story/_/id/10548712/dallas-cowboys-restructuring-contracts-tony-romo-sean-lee-salary-cap
According to a source, the team will convert $12.5 million of Romo's $13.5 million base salary into a signing bonus, dropping his cap figure from $21.773 million to $11.773 million.
Romo signed a six-year extension last year worth $108 million that included $55 million in guaranteed money. The Cowboys designed the contract to be restructured in the second year of the deal to create cap room.
rest - http://espn.go.com/dallas/nfl/story/_/id/10548712/dallas-cowboys-restructuring-contracts-tony-romo-sean-lee-salary-cap