5 moves the Cowboys can make to free up $70 million in cap space

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2. Extend CeeDee Lamb ($13.49 million)

Extending CeeDee Lamb might be the easiest decision the Cowboys make this offseason. Lamb announced himself as a top-five receiver in 2023. He finished third in Offensive Player of the Year voting and one could argue he should have finished ahead of Tyreek Hill for second place.

Lamb ranked first in targets and catches, as well as second in receiving yards and touchdown catches. In terms of advanced stats, no receiver had more yards after the catch than Lamb and he ranked third in passer rating when targeted and fourth in yards per route run, per Pro Football Focus (subscription required).

Having an elite WR is paramount to winning deep into January for teams that don't have Patrick Mahomes as their QB. Lamb was the lifeblood of the Cowboys offense this past season. He and Dak Prescott are arguably the best QB-WR duo in the league.

Extending No. 88 is a no-brainer. The immediate cap savings are just an added bonus and allow Jerry Jones to fulfill his "all-in" promise.