The Dallas Cowboys and offensive tackle Terence Steele have agreed to a restructured contract that secures $22 million in fully guaranteed money for the lineman, according to Ian Rapoport and Tom Pelissero of NFL Network.
The updated agreement carries a base value of $33 million and can reach a maximum value of $36 million. Negotiated by agent Erik Burkhardt of Roc Nation Sports, the restructure serves as a significant financial maneuver for Dallas. By reworking the terms of Terence Steele’s deal, the Cowboys have successfully created approximately $13 million in additional salary cap space for the upcoming season.
Steele remains a cornerstone of the Dallas Cowboys offensive front. The added cap flexibility provides the front office with necessary room to navigate roster moves or potential signings as the NFL calendar progresses. This move follows the team's ongoing efforts to optimize veteran contracts and manage the salary cap effectively while maintaining their core roster.
This is a developing story. Check back for updates.
Sources & Original Reporting