The Dallas Cowboys were almost $20 million over the salary cap when the offseason began, but the restructuring of contracts and releasing of some players put the team in a better situation after the NFL draft.
The Cowboys are a little more than $5 million under the salary cap. They will pick up an additional $2 million when the release of defensive end Marcus Spears takes effect June 1.
That means the Cowboys will have $7 million available to sign draft picks and free agents. That figure could increase if right tackle Doug Free is released (saving $7 million) or takes a pay cut (an undetermined amount of savings).
Defensive end Anthony Spencer is under contract for $10.6 million, but his cap number could be decreased if he is signed to a long-term deal.
The Cowboys want to have salary-cap space during the season in the event obtaining a veteran free agent is necessary due to injury. Last season, the Cowboys signed Charlie Peprah, Brady Poppinga, Brian Schaefering, Ernie Sims and Anthony Armstrong because of injuries.
Right now, the Cowboys are on target to have enough space to take care of draft picks and free agents before and during the season.