In the landscape of the NFL, where blockbuster signings and dramatic roster changes often dominate the headlines, the Dallas Cowboys have chosen a more understated approach during this year’s free agency. While other teams made substantial moves, the Cowboys focused on strategic, conservative decisions to shape their roster for the upcoming season.
A Conservative Strategy
The Cowboys' most significant addition was the acquisition of linebacker Eric Kendricks. The 32-year-old, coming off a notable career with the Minnesota Vikings, signed a one-year deal with Dallas worth $3 million. With potential incentives, Kendricks' contract could reach $3.5 million. The signing addresses the linebacking void left by the retiring Leighton Vander Esch, demonstrating Dallas's commitment to maintaining a solid defensive front without overspending.
Running Back Maneuvers
In the backfield, the Cowboys took steps to solidify their running game, though not without its challenges. They re-signed Rico Dowdle to a one-year contract valued at $1.255 million. However, the more intriguing move came with the return of Ezekiel Elliott. After his release, Elliott rejoined the team on a one-year, $2 million deal, potentially rising to $3 million with incentives. This re-signing came after the 2024 NFL Draft, signaling the team's ongoing reliance on Elliott's running prowess despite his recent release.
Yet, the financial ramifications of Elliott's contract movements are notable. The Cowboys will endure a $6.04 million cap charge in 2024 due to his post-June 1 release designation, a hit that underscores the complexities of managing veteran contracts in the NFL.
Missed Opportunities and Choices
Elsewhere in the league, star running back Derrick Henry made waves by signing with the Baltimore Ravens on a two-year, $16 million contract with $9 million fully guaranteed. The deal, laden with incentives, could escalate to $20 million. Henry's signing came at the start of free agency, positioning the Ravens as a formidable ground force.
Dallas, however, did not vie for Henry. Henry himself reflected on the situation during an appearance on the "Pivot" podcast, saying, "I was like, man, if I'm not in Tennessee or I don't get to go to Dallas, I'd love to be a Raven." He further added, "They never reached out, you know what I'm saying? ... They weren't really interested. It is what it is." Cowboys owner Jerry Jones was candid in his response: "I like our personnel. We couldn't afford Derrick Henry." This sentiment was reiterated multiple times, highlighting the financial constraints that shaped Dallas' decisions.
Statistical Challenges
The performance metrics paint a difficult picture for the Cowboys' current running game. Ranking 30th in the NFL with an average of just 73.7 rushing yards per game, their running backs have amassed only 170 yards and one touchdown on 49 attempts, averaging a mere 3.5 yards per carry. Moreover, they are minus 74 rushing yards over expectation, placing them only above the Chicago Bears and Miami Dolphins.
In stark contrast, Derrick Henry continues to shine. With 281 rushing yards, he ranks fifth in the NFL, tied for the most rushing touchdowns with four. His impressive average of 5.0 yards per carry and his 65 rushing yards over expectation solidify his status among the league’s elite backs.
Financial Considerations and Future Outlook
Interesting financial maneuvers have been afoot as well. For instance, by structuring a two-year, $14 million contract with three additional dummy years, Henry’s cap number for 2024 could have been reduced to $2.595 million. This type of financial engineering highlights the importance of savvy contract structuring in the era of tight salary caps.
In another notable move within the division, the Philadelphia Eagles made Landon Dickerson the highest-paid offensive guard in the NFL back in March, indicating the shifting dynamics and spending priorities within the league.
Amidst all of this, Jerry Jones has declared that Dallas will be "all in" for the 2024 season. This pronouncement sets the stage for an intriguing year ahead as the Cowboys balance financial prudence with their competitive ambitions.