Prescott (shoulder) has agreed to restructure his contract, a move that that frees up about $15 million in salary cap space for the Cowboys in advance of free agency, Rob Phillips of the team's official site reports.
By converting a portion of Prescott's 2022 base salary into a signing bonus, the Cowboys gain added flexibility for free agent signings and inking the team's upcoming draft class. The QB is bouncing back from an offseason clean-up procedure on his left (non-throwing) shoulder that isn't expected to impact his ability to participate in the Cowboys' offseason workouts. Meanwhile, the 28-year-old figures to be working with a re-tooled wideout corps this coming season, with Dallas expected to part ways with Amari Cooper and both Michael Gallup (knee) and Cedrick Wilson poised to become free agents.