Full Breakdown
Dallas Cowboys Restructure Terence Steele's Contract to Create Cap Space
3/9/2026, 8:19:37 PM
Key Details of the Contract Restructure
The Dallas Cowboys have restructured the contract of right tackle Terence Steele, allowing the team to create approximately $13 million in additional salary cap space ahead of the NFL free agency period. Steele's revised deal includes $22 million in fully guaranteed money, with a base value of $33 million and a maximum potential value of $36 million. Previously, Steele was set to earn over $46 million over the next three years, but none of that amount was guaranteed. The restructuring effectively locks him in as a key component of the Cowboys' offensive line for the next two seasons.
Background on Terence Steele
Terence Steele, who joined the Cowboys as an undrafted free agent from Texas Tech in 2020, has been a consistent starter at right tackle, having started all 17 games in each of the last three seasons. Despite being recognized as a strong run blocker, Steele has faced criticism for his pass protection, having allowed 35 sacks over his six-year career. The Cowboys initially signed Steele to a five-year, $82.5 million extension in 2023, but the recent restructuring indicates a shift in financial strategy as the team prepares for the upcoming season.
Implications for the Cowboys' Roster
The restructuring of Steele's contract is part of a broader strategy by the Cowboys to improve their roster, particularly their defense, which has been ranked among the league's worst. Owner Jerry Jones has expressed a commitment to being aggressive in free agency, stating, “I can see me being aggressive, I can see us being aggressive in free agency.” The Cowboys have already seen significant cap space generated by other players, including Dak Prescott and CeeDee Lamb, who also restructured their contracts.
Criticism and Opposition
Despite the financial maneuvering, some fans and analysts have expressed disappointment regarding the Cowboys' decision to retain Steele, viewing it as a missed opportunity to explore other options at right tackle. The team could have saved up to $14 million in cap space by releasing Steele, which has led to speculation about the effectiveness of the decision to restructure rather than cut ties.
Official Statements & Responses
NFL Network's Ian Rapoport reported on the restructuring, highlighting that the deal was negotiated by Erik Burkhardt of Roc Nation Sports. The Cowboys' decision to keep Steele comes as they aim to maintain stability on the offensive line while addressing other areas of need.
What's Next for the Cowboys?
As the Cowboys approach the free agency period, they are expected to utilize the newly created cap space to enhance their roster. The focus will likely be on improving their defensive unit, which has been a point of contention among fans and analysts alike. The effectiveness of these moves will be closely monitored as the Cowboys seek to build a more competitive team for the upcoming season.
