Designate Miles Austin as the June 1st cut. This is probably the most likely option we will do. Miles has a huge contract, but by designating him as the June 1st cut, we can get $5.5 million dollars worth of cap space in 2014. In 2015, the Cowboys would take $5,105,200 worth of dead cap, but we also won’t have to worry about Miles $6,888,000 base salary. So the Cowboys would save $1,782,800 in 2015.
Re-signing/Cutting Jeremy Parnell. Parnell will be on his last year of his contract in 2014. He’s playing behind Doug Free now, so he is expendable. If we want cap space, we can straight up release him and get $1,500,000 relieved. I think a better option would be to extend his contract and get him to take a pay cut for 2014. This way we can keep him as a backup tackle and get a bit of relief. It also gives us insurance after the 2014 season, since Doug Free will be in his final year of his contract.
Cutting Mackenzy Bernadeau. This is a very obvious move. Bernadeau was moved to a backup role ever since Brian Waters have been moved into the starting lineup. The Cowboys will save $925,833 from cutting Bernadeau. If we designate him as the June 1st cut, they can save $2,249,999. However, designating Miles Austin as the June 1st cut makes more sense.