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Dallas Cowboys restructure Tony Romo contract, but still short on money

When the Dallas Cowboys extended Tony Romo's contract last season, they made it to where they could easily restructure it this season to help with the salary cap. ESPN reported on March 4 that Dallas is now only $1 million under the salary cap, but that might not be enough to help them.

Dallas Cowboys restructure Tony Romo's contract
Dallas Cowboys restructure Tony Romo's contract
Photo by Patrick McDermott/Getty Images
Dallas Cowboys restructure Tony Romo's contract
Photo by Greg Fiume/Getty Images

The restructuring of Romo's contract saves Dallas $10 million this year on their salary cap, which was a huge help since they were over $20 million over the expected salary cap. Dallas then restructured the contracts of Sean Lee and Orlando Scandrick, and when all was said and done, Dallas was only $1 million over the cap.

The Cowboys also released a few players that totaled about $1 million to get to that point.

There are two more players who can help Dallas get to the positive side of the salary cap number - something they have to do in order to sign their draft picks.

First of all, Dallas needs to waive Miles Austin. He has not been reliable for the last two seasons and Terrance Williams proved he can replace him in the starting lineup in 2013. By waiving Austin after June 1, Dallas can save $5.5 million.

The second thing that needs to happen is a change to the contract of DeMarcus Ware. The Cowboys' all-time leading sack record holder is scheduled to make $12.75 million this year and a combined $27 mullion over the next two years. His injuries the last two seasons does not justify those numbers.

Ware either needs to agree to a pay cut or Dallas will have to waive him. If Ware would agree to a substantial pay cut, Dallas could find creative ways to make it up with incentive pay. If he does not agree to cut his salary, Dallas would save $7.4 million by cutting him.

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