Originally posted by evil:
Going to have to... but they can likely work around this. Need Dak to agree to re-work the deal a little to make it more manageable on their cap hit and to ok waiving his no trade clause but that would give Dak a say in his next team.
The Cowboys can't rework Dak's deal to make his dead money cap hit more manageable than it is now. All they can do is rework new/future spending. Dead money cap hits are composed of already spent money whose scheduled cap allocations have accelerated immediately because the contract with the team was terminated. Dak's aforementioned 104M in dead cap is composed from the cap allocations:
- 13.2M - 2021 signing bonus proration x1 - Prorated over 5 years.
- 1.25M - 2021 restructure proration x1 - Salary to Signing Bonus conversion prorated over 5 years.
- 7.36M - 2022 restructure proration x2 - Salary to Signing Bonus conversion prorated over 5 years.
- 14.65M - 2023 restructure proration x2 - Salary to Signing Bonus conversion prorated over 4 years.
- 4M - 2024 restructure proration x4 - Roster Bonus to Signing Bonus conversion prorated over 5 years.
- 74M - 2024 signing bonus proration x4 - Prorated over 5 years.
Dak has his 2025 salary of 47.75M already guaranteed. His 2026 salary (40M) guarantees on March 16th, 2025. His 2027 salary (45M) guarantees on the 5th day of the league year in 2026. 17M of his 2028 salary guarantees on the 5th day of the league year in 2027. These guarantees would be taken over by the new club if he's traded. The Cowboys would be on the hook for any remaining guaranteed money if he's released.
The options the Cowboys have are
- Keep Dak on the roster and take on the unaccounted for cap hits as scheduled;
- Move on from Dak pre-6/1 and eat the entire dead money cap hit in a single year; or
- Move on from Dak post-6/1 (or designate him for 6/1 release) and split the dead money cap hit. Year 1 of the split only accounts for dead money from that year. Year 2 of the split accounts for the remainder of the dead money. If Dak were traded post-6/1, the Cowboys would take a dead money cap hit of 42M in 2025 and 62M in 2026.
The no trade clause is essentially a right of refusal for the player. So Dak already has a say.
[ Edited by Typecast on Jan 17, 2025 at 5:56 PM ]