Report: CeeDee Lamb Restructures Cowboys Contract, Creates $20M in Salary Cap Space

The Dallas Cowboys appear primed to be a bit more aggressive this offseason.

After signing defensive tackle Osa Odighizuwa to a four-year, $80 million deal on Tuesday, the team has reportedly restructured the contract of wideout CeeDee Lamb, according to ESPN's Todd Archer, a move that will free up around $20 million in cap space.

The move will give the Cowboys some added flexibility this offseason as they look to address other positions of need, including running back, adding a true No. 2 wideout behind Lamb, the defensive line and cornerback depth.

The Cowboys, under the ownership of Jerry Jones, haven't always been proactive about extending their own players or restructuring deals, so Tuesday will be a pleasant surprise for Cowboys' fans. The team has been pretty conservative in its free agency approach, however, so expecting a major splash from the team is probably folly.

Up next could be a restructure of Dak Prescott's deal, which includes a whopping $47.7 million in base salary and a 2025 cap hit of $89.8 million.

Converting that base salary into a signing bonus and spreading it out over five years for cap purposes would lower Prescott's cap hit to around $51.4, per Mike Florio of Pro Football Talk.

That would mean major cap savings in 2025 for the team, but it would mean kicking the can down the line for the most prohibitive of Prescott's future cap hits.

If the Cowboys want to keep pace with the Philadelphia Eagles, however, it's the sort of business they may need to embrace. The Eagles operate by extending their own players earlier than expected and adding void years to contracts to diminish the yearly cap hits on those deals. The result was a loaded roster in 2024 that just won a Super Bowl, and while the bill will eventually come due when the worst of those void years overlap (just ask the New Orleans Saints), the consistently rising salary cap will help somewhat mitigate that scenario.

And if the Eagles have another Super Bowl or two to their name in the interim, nobody will be complaining much.