After all, this is a team that has been handcuffed by the cap in back-to-back years and is expected to have trouble re-signing key cogs such as Dez Bryant, DeMarco Murray and Bruce Carter in upcoming offseasons.
Those three are all slated to become unrestricted free agents next year, while Spotrac indicates that quarterback Tony Romo is scheduled to have the highest cap number in the league.
According to ESPN.com's Todd Archer, the deal for Smith is an eight-year extension through 2023 that will pay the former top-10 pick $110 million over the next 10 years. It is certainly long enough to give the Cowboys wiggle room for restructures.
With that said, it's still the biggest contract in terms of total dollars ever given to a non-quarterback in team history. Brandon George of The Dallas Morning News reports that it'll cost the Cowboys $32 million over the first three years:
Source: Tyron Smith's new 10-year, $109 million contract (8-year extension) includes $40 million guaranteed and $32 million over first 3 yrs— Brandon George (@DMN_George) July 30, 2014
It's unclear whether those "first three years" kick in now or in 2016, but it is clear that Smith will cost more now than he would have under his rookie deal.
Before taking Smith's new contract into account, and with Bryant, Murray and Carter off the books, Over the Cap still had the Cowboys entering the 2015 offseason with the eighth-highest team salary in the league.
|1. New Orleans Saints||$152,812,277|
|2. New England Patriots||$147,728,128|
|3. Arizona Cardinals||$149,743,266|
|4. Miami Dolphins||$145,477,633|
|5. San Francisco 49ers||$145,788,420|
|6. Baltimore Ravens||$138,564,396|
|7. Philadelphia Eagles||$136,549,320|
|8. Dallas Cowboys||$139,085,042|
|9. Carolina Panthers||$134,170,104|
|10. Washington Redskins||$128,820,550|
So despite the fact that the cap is expected to rise steadily in future seasons as a result of increased revenue coming in from new television deals worth in excess of $4 billion a year, the Cowboys have to be smart with their money.
That's precisely why Bryant and Murray remain unsigned. There's no questioning how important they are, but both present bigger risks—whether on or off the field—than Smith.
Fairly or unfairly, character concerns still surround Bryant. Another year of model citizenship couldn't hurt, and the franchise tag is there as a safety valve. Murray has been prone to injury, and running backs generally haven't proven to be good investments of late.
The last thing this franchise can afford to do is start digging deeper salary-cap holes, especially before it's necessary to make a move.
Unsurprisingly, Jon Machota of The Dallas Morning News quoted team chief operating officer Stephen Jones as stating that the Cowboys will wait until after the season to discuss Murray's deal.
Smith is as steady and reliable as they come. In fact, as a 23-year-old Pro Bowl left tackle, he might have simply been too good to wait on.
According to Pro Football Focus (subscription required), he was the only tackle in football to surrender fewer than two sacks on over 1,000 offensive snaps last season. As a result of that and some stellar run-blocking, he was named a second-team All-Pro and earned his first trip to the Pro Bowl.
|1. Tyron Smith||1023||1|
|2. Michael Roos||1088||2|
|2. Joe Thomas||1149||2|
|2. Austin Howard||1071||2|
|2. Cordy Glenn||1181||2|
Pro Football Focus
Ultimately, PFF ranked Smith second in pass-blocking efficiency among left tackles in the game.
|1. Joe Staley||96.6|
|2. Tyron Smith||96.3|
|3. Joe Thomas||96.2|
|4. Cordy Glenn||96.2|
|4. Branden Albert||96.2|
Pro Football Focus (PBE: Pass-blocking efficiency rating)
Considering that it was only his second year on the blind side at such a young age, the trajectory is heading upward in a major way.
This franchise might soon reach a crossroads. Jason Witten is 32, and Romo is 34 with a bad back. There's a chance they fade. There's a chance Murray has to be replaced. There's even a chance Bryant screws up again.
Moreover, we all know that a defense that ranked dead last in football last season could use a rebuild after losing several of its top players in the offseason.
But this offensive line, which is arguably the best in football, is young and strong enough to hold up for the entire next generation. Smith is the anchor.
|Left tackle||Tyron Smith||23||9th||5th|
|Left guard||Zack Martin||23||16th||N/A|
|Right guard||Ronald Leary||25||UDFA||55th|
|Right tackle||Doug Free||30||122nd||18th|
Pro Football Focus/NFL.com
You don't risk letting players like that get away. Instead, you go out of your way to keep them happy and secure. That's why Smith was worth investing in right here, right now.
Brad Gagnon has covered the NFC East for Bleacher Report since 2012.