The Dallas Cowboys are actively managing their financial situation by restructuring contracts to create salary cap space. The recent adjustment of offensive tackle Terence Steele's contract has freed up $4.5 million.
Steele's deal, initially signed in 2023, is a five-year agreement worth $86.8 million, and he remains under contract until 2028. In recent weeks, the Cowboys made significant financial moves, including extensions for wide receiver CeeDee Lamb and quarterback Dak Prescott, bolstering their roster ahead of the season.