How much do the Dallas Cowboys have left on their current contract?
Dallas Cowboys owner Jerry Jones has a big contract to keep for next season, and that contract is likely to include a $17.5 million signing bonus.
But it is the cap hit that matters.
According to Spotrac, the Cowboys are set to pay Jones $17,575,908 in 2017 and 2018.
That’s a whopping $17 million hit on Jones’ salary.
That hits the Cowboys in the $17 billion range.
The NFL’s collective bargaining agreement allows teams to hit the cap by $4.5 billion each year.
That means Jones is guaranteed a whopping maximum of $18.5 M to keep his job.
Jones can use that money to sign veteran players or even sign free agents to help offset his salary cap hit.
That would allow him to retain some of the salary cap space he can use to sign players.
This is a very tough situation for the Cowboys.
They have a number of veteran free agents they can sign that would help offset their salary cap hits and they could use that cap space to sign a quarterback in the near future.