NFL Notes: Cowboys redo five contracts, save cap space

NFL Notes: Cowboys redo five contracts, save cap space
March 1, 2013, 9:00 am
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IRVING, Texas -- The Dallas Cowboys have reworked the contracts of five starters, including DeMarcus Ware, Jason Witten and Miles Austin, to save salary cap space. (See full story).

Dallas, which was penalized $5 million off its cap in both 2012 and 2013, needed to scramble to free up space. By restructuring the deals of star linebacker Ware, tight end Witten, wide receiver Austin, cornerback Brandon Carr and center Ryan Cook, the Cowboys wiped out the $20 million they were projected to be over the cap this year.
 
The biggest savings will come in the Carr deal. Dallas signed Carr as a free agent last year, and Thursday's moves turn nearly all of the $14.3 million he was due in salary into a signing bonus. Carr will count $3.5 million against this year's cap.

Ware's salary is going down to $1 million for this season, and a $5 million bonus is being spread over the rest of the contract, saving $4 million. Austin's deal also will save $4 million, and Witten's will take another $3.6 million off the cap.

Giants tackle Will Beatty agrees to five-year extension

EAST RUTHERFORD, N.J. -- The New York Giants have agreed to a five-year deal with left tackle Will Beatty, who could have become a free agent.

The deal gives the Giants some continuity on the offensive line. Beatty is entering his fifth season with the Giants. He played in all 16 games last season after missing much of training camp with a sore back.

Beatty was a second-round pick in 2009 from Connecticut. He has played in 50 games with the Giants. He's made four starts at left tackle, four at right tackle and one as an extra tight end.

He missed the Giants' Super Bowl championship during the 2011 season, when he had a detached retina that required surgery and sidelined him for the last part of the regular season and the playoffs.



NFL salary cap to rise to $123 million according to AP source
The NFL salary cap for the 2013 season will rise to $123 million from $120.6 million in 2012, an NFL Players Association official familiar with negotiations over the figure told The Associated Press on Thursday. (See full story).

The official spoke to the AP on condition of anonymity because no formal announcement had been made.

The increase, which is larger than some in the NFL had anticipated, is a result of greater-than-expected revenues last season -- primarily from NFL Properties -- and a jump in projected league revenues, according to the official.

The league and the union work together to establish a cap number, based on parameters established under their collective bargaining agreement. The current 10-year CBA was signed in August 2011, ending the owners' lockout of the players.

One of the main areas of contention during that labor dispute was how to divide the more than $9 billion in annual league revenues, a figure that will keep rising, particularly once the NFL's new television contracts kick in for the 2014 season. Those additional revenues will be reflected in the salary cap for 2015, which is expected to see a more significant increase than the roughly 2 percent uptick from 2012 to 2013.

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