1. Marcus Peters, CB
This signing will cost the Cowboys a little bit more but is still a cost-effective option. We actually had Patrick Peterson in this space over Peters, but Peterson disappointingly signed with the Steelers on Monday evening.
Peter’s market value is expected to be around $6.4 million, per Spotrac. That’s a deal that is too good for the Cowboys to pass up, especially after a season where their secondary struggled.
If the Cowboys go after Peters, they know what they’ll be getting out of him. He’s a three-time Pro Bowler and two-time All-Pro corner for a reason in eight NFL seasons. While his All-Pro level is probably in the past, there’s no doubt that he can still contribute to a Super Bowl contending team.
Last season with the Ravens, Peters posted an interception, six passes defended, and two forced fumbles. He allowed just 11.8 yards per reception, and Pro Football Focus projects his market at an affordable $7 million per year.
Peters gives the Cowboys a physical, ball-hawking corner on the outside to pair with Trevon Diggs. His signing would definitely give Dallas an added boost in the secondary to complement some of the younger players.
Da’Ron Bland had an impressive rookie season and will see more play time next season in the slot next to Diggs and hopefully, Peters. If the Cowboys pick up the veteran corner, they could decide to cut Lewis and save more than $4.7 million in cap space.
The Cowboys gave up a lot of big passing plays last season and could use a veteran corner to help improve in that category. Dallas could pick a corner in the draft, but as it stands now, sticking with Kelvin Joseph or Nahshon Wright on the outside isn’t going to be the answer.
Drafting a cornerback early in the 2023 NFL Draft isn’t out of the question though. But signing Peters would be a nice addition to the Cowboys on a semi-cheap one-year deal.