How Austin Release Will Impact Cowboys’ Cap
IRVING (105.3 THE FAN) — The dismissal of Miles Austin as a post-June 1 cut has been virtually a foregone conclusion since the end of the season. But the Dallas Cowboys are likely to assign that designation as early as today, thus freeing up $5.5 million in cap space that will be available to spend in June.
That number aligns perfectly with what the Cowboys will need to sign their draft picks in May. And while Austin will remain on the books for two years (Dallas will reduce his 2014 cap hit from $8.25 million to $2.75 mil and will have $5.1 million of dead money on next year’s cap), the move suggests an increased awareness on the part of team management to move away from the policy of paying age.
Austin, who turns 30 this summer, had 81 receptions for 1,320 yards and 11 touchdowns in a breakout 2009 season and shortly thereafter signed a six-year, $54 million contract extension, the Cowboys betting on the come. But hamstring injuries have robbed Austin of his effectiveness; he contributed only 24 catches for 244 yards and no touchdowns in 2013.
(©2014 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
- Jerry Jones Says Randle Wasn’t Benched
- Cowboys Stumble Into Game With High Powered New England Patriots
- Cowboys Reeling Without Romo & Bryant
- Cowboys Treading Water After OT Loss In NO
- Team Grades: Dallas Cowboys Fall Short In Overtime Loss To New Orleans Saints
- Texas City Working To Turn Sewer Water Into Tap Water
- Plano Man Killed After Reentering Burning Home To Retrieve Phone
- Allen ISD’s $60 Million Football Stadium Closed For Months
- Spring One Day, Thundersleet The Next
- North Texas Man “Crowdfunds” $90,000 Birthday Party
- PHOTOS: Your Pet Pictures