Earlier today, the Cowboys officially restructured the contracts of Miles Austin and DeMarcus Ware, allowing them to clear another $11 million of cap space. They are now in compliance with the 2011 cap with room to spare — roughly $6 million — if they want to sign a few more players. Hopefully, they have some more moves planned, but that’s far from a guarantee. Jerry keeps saying that they aren’t done. However, I remain skeptical.
Also they will probably restructure some more players, but they had to get the deals for Miles and Ware done now because they had to be under the cap today. Here are some more details:
The moves created roughly $11.6 million in space, dropping Ware’s cap number from $11.348 million to $5.988 million and Austin’s from $8.54 million to $2.256 million. The Cowboys will likely restructure the contract of quarterback Tony Romo in the future and that could create as much as $5.46 million.
Todd Archer, ESPN Dallas