Source - Dak deal restructured; Cowboys not promising FA moves - ESPN

FRISCO, Texas — Dallas Cowboys quarterback Dak Prescott no longer has the highest 2025 salary-cap figure in the NFL.

The Cowboys have restructured Prescott's contract and created $36.6 million in cap space, a source told ESPN on Wednesday. The Cowboys converted $45.75 million of Prescott's base salary to a signing bonus, reducing his cap figure from $89.89 million to $53.29 million.

In the past two days, the Cowboys have created $56.6 million in cap room by restructuring the contracts of Prescott and wide receiver CeeDee Lamb. But that doesn't mean they will spend big when free agency begins next week.

«I'm not looking at free agency as a place to fill voids,» owner and general manager Jerry Jones said.

That doesn't mean the Cowboys don't have needs for their roster.

«Not if you include what might work for us in the draft and what we're doing with our own roster relative to who we want to sign,» Jones said.

The restructures do not impact a potential extension for All-Pro pass rusher Micah Parsons, who is set to play the 2025 season on the fifth-year option of his rookie deal at $22.06 million. A contract extension would lower that number, creating more cap room for the Cowboys.

Parsons told ESPN late last season that he does not need to be the highest-paid defensive player in the NFL and said after the season ended that he wanted the Cowboys to be a player in free agency. The Cowboys recently opened discussions with Parsons' agent on an extension.

The timing of when a deal gets finalized is not overly important to Jones. Last year, the Cowboys did not sign Lamb until the end of training camp and Prescott hours before the season opener.

«We get criticized because we wait until the end or what you would call the end, and