The Dallas Cowboys suddenly have some buying power as the new league year approaches.
The team restructured the contracts of quarterback Dak Prescott and offensive lineman Tyler Smith to create $47 million in salary cap space, according to ESPN's Field Yates and Adam Schefter.
Dallas also revised the contract of star wideout CeeDee Lamb ahead of free agency, sources told ESPN's Todd Archer.
According to Over the Cap, the Cowboys are now $9 million under the salary cap prior to the start of the new league year, which begins March 11. They were previously $56 million over the base cap of $301.2 million for the 2026 season.
Prescott signed a four-year, $240-million extension with the Cowboys in September 2024. The 32-year-old will convert $38 million of his salary into a signing bonus to clear $30.4 million in cap space. The team also revised his deal last offseason in an effort to free up $36.6 million.
Dallas also converted Lamb's 2026 salary into a signing bonus. The five-time Pro Bowler inked a four-year, $136-million extension in August 2024.
Smith is under contract with Dallas through 2030 after signing a four-year, $96-million contract in September 2025.
The Cowboys recently retained multiple key weapons from last year's team. They signed running back Javonte Williams to a three-year, $24-million pact on Feb. 25 and placed the franchise tag on star receiver George Pickens on Friday.
