Based on the amount of money they have spent this offseason, it is clear that the Dallas Cowboys are all-in on the upcoming season. They are coming off an ultimately disappointing campaign in 2022, and the front office is now making sure that they’re doing everything they can to put forth the most formidable side that they can this coming season.
As it turns out, Dallas’ summer spending spree isn’t over just yet.
REPORT: Terence Steele Agrees to HUGE Contract Extension With Cowboys
It was reported on Sunday that the Cowboys have agreed to a massive extension with offensive tackle Terence Steele. League insider Adam Schefter broke the news, while also providing the eye-opening details of the 26-year-old’s new deal:
“Cowboys and RT Terence Steele reached agreement on a five-year, $86.8 million contract extension that includes $50 million guaranteed, per sources. Deal has a max upside of up to $91.8 million. The contract was negotiated and confirmed by
@ErikBurkhardt of @RocNationSports,” Shefter wrote in his tweet.
Steele is coming off a tremendous campaign last term before it was derailed by a season-ending knee injury. The Cowboys felt what they were missing when the Texas Tech alum was out injured and they realized just how important he is to the squad. This has now prompted the front office to put their money where their mouth is by making Steele one of the highest-paid players on the squad.
At this point, you can’t really say that Terence Steele is a bona fide star just yet. However, there’s also no denying that he has the potential to be one in the near future. 2023 is obviously going to be a big year for the young RT, and the fact that the team has invested a lot of money in him only adds more pressure on Steele.
Steele’s new deal now represents Dallas’ second-highest contract extension this offseason, following Trevon Diggs’ new five-year, $97 million contract. A distant third is Zack Martin and his $36.85 million extension, while Tony Pollard’s $10.09 franchise tag rounds out the list.
In spite of all the money they’ve thrown around already, it appears that Dallas will have to spend more in the near future. Both Dak Prescott and CeeDee Lamb are already eligible for respective extensions, and you know that both stars will demand hefty sums. Moreover, the Cowboys will also need to deal with Micah Parson’s new deal next year.