NFL

Cowboys restructure Prescott, Martin contracts to fit salary cap

By Sports Desk March 08, 2022

Dak Prescott has had his contract with the Dallas Cowboys restructured.

After seeing his 2020 season cut short by injury, Prescott played 16 times in 2021, as the Cowboys clinched the NFC East with a 12-5 record.

The quarterback led a prolific offense that finished the season with a league-high 530 points, yet the Cowboys fell short in the playoffs, losing to the San Francisco 49ers in the Wild Card round.

Prescott's tally of 4,449 passing yards ranked seventh in the NFL, while his completion percentage of 68.8 was fourth and only three quarterbacks threw for more touchdowns than his 37.

In 2021, the 28-year-old restructured his franchise-record $160million deal to create space for the salary cap and it is a similar story this time around.

With a $208.2m cap announced on Monday, teams have until March 16 to create financial wiggle room and the new structure of Prescott's deal will result in roughly $15m being saved before the start of free agency.

Five-time All Pro Zack Martin has also had his deal restructured, which will give the team an additional $7m in cap space.

The restructuring of the deals sees a portion of the players' salaries for 2022 being converted into signing bonuses.

Dallas needed the space after placing a $10.9m franchise tag on tight end Dalton Schultz.

Only four tight ends scored more than Schultz's eight receiving touchdowns last season, as he racked up a career-high 808 receiving yards.

However, Dallas will still need to make more changes to get under the cap.

According to reports, defensive end DeMarcus Lawrence has declined a pay cut, while Blake Jarwin has also been approached by Dallas to take a hit on his salary.

ESPN, meanwhile, reported that Amari Cooper is likely to be released, which would free up $20m in cap space.

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