In an NFL landscape where splashes often make headlines, the Dallas Cowboys have chosen a more measured route during this year's free agency. Rather than making blockbuster moves, the Cowboys opted for prudent signings, underlining a conservative strategy that has marked their approach so far.
Dallas Cowboys' Strategic Acquisitions
The most notable addition to the Cowboys' roster was the signing of veteran linebacker Eric Kendricks. At 32, Kendricks brings experience and stability to the team, signing a one-year deal valued at $3 million, with performance incentives that could push the contract's value to $3.5 million. Kendricks fills the significant void left by the retiring Leighton Vander Esch, ensuring that the Cowboys maintain their defensive robustness.
In addressing their need for depth at the running back position, the Cowboys made two notable moves. They re-signed Rico Dowdle to a one-year contract worth $1.255 million. Additionally, star running back Ezekiel Elliott made his return to Dallas on a one-year, $2 million contract that could escalate to $3 million with incentives, following the 2024 NFL Draft in late April. These signings reflect the Cowboys' stabilizing approach while managing cap space.
Derrick Henry's Path Diverges
Meanwhile, other teams were securing high-profile talents. Derrick Henry, a name that stirred much speculation, ultimately found a new home with the Baltimore Ravens. The Ravens secured Henry with a two-year, $16 million contract at the onset of free agency in March. Henry's deal includes $9 million fully guaranteed and potential earnings reaching $20 million through incentives. This robust contract underscores Henry's value in the league.
Henry himself revealed on the "Pivot" podcast that Dallas was among his preferred destinations, stating, "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." However, the Cowboys did not reach out to the star running back. "They never reached out, you know what I'm saying? ... They weren't really interested. It is what it is," Henry commented. Cowboys owner Jerry Jones confirmed this, stating, "I like our personnel. We couldn't afford Derrick Henry."
Financial Considerations and Performance Metrics
The financial implications of the Cowboys' decisions are significant. By designating Ezekiel Elliott's release post-June 1, the Cowboys face a $6.04 million cap charge in 2024. This move was clearly a calculated effort to manage their salary cap more effectively across multiple seasons.
However, the Cowboys' ground game remains a point of concern. Ranking 30th in the NFL in rushing, they average a mere 73.7 yards per game. Their running backs collectively have secured just 170 yards and one touchdown on 49 attempts, averaging 3.5 yards per carry. The Cowboys are minus 74 rushing yards over expectation, ranking only above the Chicago Bears and Miami Dolphins. In stark contrast, Derrick Henry has accumulated 281 rushing yards, ranking fifth in the NFL, with an average of 5.0 yards per carry and 65 rushing yards over expectation. His four rushing touchdowns tie him at the top in the league.
Looking Ahead
Amid financial maneuvering and strategic acquisitions, Jerry Jones remains optimistic. Declaring that Dallas would be "all in" for the 2024 season, Jones' proclamation sets a tone of determination and ambition.
In summary, while the Dallas Cowboys have chosen a path of cautious, strategic acquisitions in free agency, the challenges they face, particularly in the running game, are significant. The decisions made now will undoubtedly shape their performance in the season to come, with both potential gains and areas requiring vigilance as they push forward.