In a subtle yet strategic move, the Dallas Cowboys have once again demonstrated their penchant for pragmatism in this year’s free agency. While other NFL teams made significant splashes, the Cowboys opted for a more conservative approach, focusing on calculated additions and re-signings rather than headline-grabbing contracts.
The Kendricks Addition
Among the Cowboys’ roster upgrades, the signing of 32-year-old linebacker Eric Kendricks stands out. Kendricks, who inked a one-year deal worth $3 million, could see his earnings rise to $3.5 million through incentives. This acquisition fills a crucial void left by the retiring Leighton Vander Esch, bolstering the Cowboys’ defensive unit with veteran leadership and experience.
Running Back Moves
To address their running back needs, the Cowboys re-signed Rico Dowdle to a one-year contract valued at $1.255 million. Another notable move was the return of Ezekiel Elliott, who agreed to a one-year, $2 million contract, with the potential to reach $3 million through incentives. Elliott’s return post-2024 NFL Draft in late April reflects the Cowboys' strategy to retain proven talent at a reasonable cost.
However, the Cowboys face a $6.04 million cap charge in 2024 due to the post-June 1 release designation of Elliott. This financial reality underscores the team’s careful cap management and the need for strategic financial planning.
Rushing Challenges
Despite these efforts, the Cowboys continue to struggle in the running game. Currently, Dallas ranks 30th in the NFL in rushing, averaging just 73.7 yards per game. With their running backs combining for only 170 yards and one touchdown on 49 attempts, the team averages a mere 3.5 yards per carry. Such statistics highlight the pressing need for improvement in their ground attack.
The team's performance also includes a deficit of 74 rushing yards over expectation, placing them near the bottom of the league, with only the Chicago Bears and Miami Dolphins faring worse in this metric.
Derrick Henry's Impact
Meanwhile, Derrick Henry’s performance with the Baltimore Ravens showcases what the Cowboys might have missed out on. Henry signed a two-year, $16 million contract with the Ravens at the start of free agency in March, with $9 million fully guaranteed and the potential to reach $20 million with incentives. His impressive stats include 281 rushing yards, positioning him fifth in the NFL, and he’s tied at the top for rushing touchdowns with four. Averaging 5.0 yards per carry and accruing 65 rushing yards over expectation, Henry remains among the league's elite backs.
Reflecting on the possibility of joining the Cowboys, Henry shared on the "Pivot" podcast, "I was like, man, if I'm not in Tennessee or I don't get to go to Dallas, I'd love to be a Raven." Despite his interest, Henry noted, "They never reached out, you know what I'm saying? ... They weren't really interested. It is what it is." Cowboys owner Jerry Jones candidly acknowledged the financial barrier, saying, "We couldn't afford Derrick Henry."
Financial Realities and Future Outlook
Examining the Cowboys’ financial strategy, it's evident that the team made cautious moves to stay within budget constraints. Jerry Jones affirmed the team's stance: "I like our personnel. We couldn't afford Derrick Henry." This pragmatic approach reflects Dallas' commitment to a balanced roster while managing salary cap implications prudently.
Looking ahead, Jones has assured fans that the Cowboys are committed to being "all in" for the 2024 season. This declaration signals a potential shift in strategy as the team aims to strengthen its competitive edge while maintaining financial stability.
In conclusion, while the Cowboys' conservative free agency approach may not generate immediate excitement, their calculated decisions and emphasis on cap management lay the foundation for future success. With veteran additions like Kendricks and strategic re-signings in the backfield, Dallas is positioning itself for a robust 2024 campaign, balancing present needs with long-term aspirations.