The NFL’s salary cap for 2012 has been set at $120.6 million, which, according to Todd Archer of ESPN Dallas fame, is about what the team had expected when budgeting for this offseason.
If the Cowboys remained idle between now and the beginning of the league’s free agency period on Tuesday, they would have around $3.5 million in spending money, hardly enough to make a splash in free agency--which, Jerry suggested earlier this offseason, is the team’s intention.
In order to bump that figure up, the Cowboys may rework several contracts, including those of receiver Dez Bryant, cornerbck Orlando Scandrick and tackle Doug Free, among others. Dallas is also expected to (read: should) release veteran cornerback Terence Newman, whose play has declined dramatically over the past two seasons and who will cost around $6 million to keep around.
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