The Dallas Cowboys have adopted a markedly reserved stance in this year's free agency, reflecting their strategy in preceding seasons. While other teams have gone for splashier signings, the Cowboys have focused on strategic, cost-effective moves to fortify their roster.
Key Addition: Eric Kendricks
The most notable acquisition for Dallas has been 32-year-old linebacker Eric Kendricks. His one-year, $3 million deal, which can increase to $3.5 million with incentives, aims to fill the gap left by the retirement of Leighton Vander Esch. Kendricks, who brings a wealth of experience, is expected to stabilize the defense and provide leadership on and off the field.
Running Back Strategy: Dowdle and Elliott
The Cowboys have also re-signed Rico Dowdle on a one-year contract worth $1.255 million, addressing their need at the running back position. Another familiar face returning to Dallas is Ezekiel Elliott, who initially left the team but came back post the 2024 NFL Draft on a one-year, $2 million contract, potentially rising to $3 million through incentives.
However, despite these moves, the Cowboys are still grappling with financial repercussions. The team's decision to release Elliott post-June 1 resulted in a $6.04 million cap charge for 2024, underscoring the challenges of maintaining a balanced salary cap.
Derrick Henry: A Missed Opportunity
Beyond their own signings, the Cowboys were notably absent in the pursuit of star running back Derrick Henry, who ultimately joined the Baltimore Ravens on a lucrative two-year deal worth $16 million, with $9 million fully guaranteed. Henry's contract also includes potential incentives pushing the total to $20 million. Reflecting on his free agency experience, Henry commented on the "Pivot" podcast, saying, "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 confirmed this sentiment, stating, "I like our personnel. We couldn't afford Derrick Henry." Repeating his stance, Jones bluntly added, "We couldn't afford Derrick Henry."
Challenges on the Ground
Statistically, the Cowboys are struggling in the running game. With an average of just 73.7 rushing yards per game, they rank 30th in the NFL. Dallas's running backs have amassed only 170 yards and one touchdown on 49 attempts, averaging a mere 3.5 yards per carry. These numbers are concerning, especially with the team being minus 74 rushing yards over expectation, placing them only above the Chicago Bears and Miami Dolphins.
Meanwhile, Derrick Henry's performance in Baltimore showcases what the Cowboys might be missing. Henry has racked up 281 rushing yards, ranking fifth in the NFL, and is tied for the league lead in rushing touchdowns with four. His average of 5.0 yards per carry and 65 rushing yards over expectation solidifies his position among the elite backs in the league.
Financial Maneuvering
Interestingly, had Dallas pursued Henry, they could have potentially structured a two-year, $14 million contract with him to minimize his cap hit for 2024. This would involve adding three dummy years, reducing Henry's cap number to a manageable $2.595 million. Yet, the Cowboys chose a different path, prioritizing financial prudence.
Looking Ahead
As the season progresses, the Cowboys will need to rely on their existing talent and newly acquired players to make an impact. Jerry Jones has already declared that Dallas will be "all in" for the 2024 season. Fans and analysts alike will be watching closely to see if this conservative approach in free agency translates to success on the field.