"A Dak Prescott contract restructure would not mean he's taking less money. Most NFL contracts allow teams to convert base salary into a signing bonus at their discretion. That signing bonus is then prorated over the remaining years of the contract for cap purposes. Dak gets his cash, but the accounting changes. I want this to be a point of emphasis because some fans think the quarterback has to agree to sacrifice money. In a standard restructure, that's not the case."
"If the Cowboys convert $25 million of Dak's base salary into a signing bonus and spread it over the three remaining seasons: That becomes roughly $8.3 million per year in prorated cap charge. Immediate cap savings would be about $16-17 million. That alone almost cuts the projected deficit in half. Let's say they decide to get crazy and go aggressive. They could convert $45 million: That would spread about $15 million per year for the next three seasons. Immediate cap savings would be roughly $30 million."
The Dallas Cowboys are projected to be more than $30 million over the salary cap. A contract restructure for Dak Prescott would convert portions of his base salary into a signing bonus, which is then prorated across the remaining contract years for cap purposes. The quarterback would receive the same cash, so the move is not a pay cut. Converting $25 million could spread roughly $8.3 million per year and save about $16–17 million immediately. Converting $45 million could spread about $15 million per year and save roughly $30 million immediately. Such a restructure can resolve the projected overage.
Read at Inside The Star
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