Cowboys right tackle Terence Steele has agreed to a revised contract with the team.
NFL Media reports that Steele, who has three years left on his current deal, is now set to make $22 million in guaranteed money with a total value of $33 million. The maximum value of the contract is $36 million.
Steele was set to make over $46 million over the next three years before the tweak, but none of that money was guaranteed. The agreement creates $13 million in cap space for the Cowboys to use this offseason.
Steele has started every game for the Cowboys over the last three seasons and he’s started 91 of the 96 regular season games he’s played over six seasons in Dallas.
The Raiders wanted two first-round picks and a player for defensive end Maxx Crosby. They ultimately settled for a pair of first-round picks from the Ravens.
The Cowboys apparently tried to land Crosby with a reduced offer of their own.
Via Jeremy Fowler of ESPN, Dallas was willing to send a first-round pick in 2026 (12th overall), a future second-round pick, and a veteran player to Las Vegas.
The notion that the Cowboys tried to make a big swing for a pass rusher contradicts the “stop the run” excuse-making from owner/G.M. Jerry Jones, after he cried “uncle” at the end of the multi-month standoff with Micah Parsons. But Jones surely was intrigued by the possibility of getting Crosby’s remaining four contract years, at an average payout of $29 million per year. (And Jones undoubtedly believed he could talk Crosby into not expecting an adjustment to a deal that has been leapfrogged by other players — and by $10 million per year after Parsons signed with the Packers.)
The Cowboys have worked hard to convince themselves, and everyone else, that they won the Parsons trade. The mere fact that they made a play for Crosby is a concession that they need a high-end, veteran pass rusher after losing the chess match that played out throughout the 2025 offseason, the entirety of training camp, and most of the preseason.
Every team would benefit from a high-end veteran pass rusher. After quarterback, a player who can affect the quarterback is the most important position in football, one that transcends the stat sheet because it forces an offense to always know where that player is and to divert other players to slowing him down.
It also accelerates the clock in the quarterback’s head, prompting him to possibly make bad decisions before the walls cave in.
Last year, the Cowboys made a bad decision to negotiate directly with Parsons, to take the position that he verbally agreed to a deal, to refuse to engage with his agent, and eventually to not pay one of the best players in all of football. The fact that they were willing to give up nearly as much as they got for Parsons proves it.
The Cowboys and kicker Brandon Aubrey have not been able to come to an agreement on a long-term contract extension, so the team has moved to a restricted free agent tender ahead of the 2026 league year.
According to multiple reports, the Cowboys have used the second-round tender on Aubrey. It carries a $5.81 million salary for the coming year and Aubrey will be free to talk to other clubs once free agency is underway. If he signs an offer sheet, the Cowboys will have a chance to match it or they will receive a second-round pick as compensation.
Aubrey said this week that “you’re not doing what’s right for you” if you don’t test the market under those conditions.
The Cowboys signed the former Notre Dame soccer player in 2023 after he played in the USFL and he has gone 112-of-127 on field goals over three seasons. That includes a 35-of-44 mark from 50-plus yards and six field goals from 60 or more yards.
The Cowboys have also used a second-round tender on offensive lineman T.J. Bass. It carries a salary of $5.8 million.
On draft day in 2025, all 32 teams began the first round with their original pick in place. This year is a whole lot different.
Five teams have two first-round picks in the 2026 NFL draft, and five other teams have none, after the Raiders got the Ravens’ 2026 and 2027 first-round picks by agreeing to trade Maxx Crosby.
The Raiders have their own first-round pick (No. 1 overall) and the Ravens’ first-round pick (No. 14).
The Jets have their own first-round pick (No. 2) and the Colts’ first-round pick (No. 16) from the Sauce Gardner trade.
The Browns have their own first-round pick (No. 6) and the Jaguars’ first-round pick (No. 24) from last year’s draft-day trade that allowed the Jaguars to draft Travis Hunter.
The Chiefs have their own first-round pick (No. 9) and the Rams’ first-round pick (No. 29) from the Trent McDuffie trade.
The Cowboys have their own first-round pick (No. 12) and the Packers’ first-round pick (No. 20) from the Micah Parsons trade.
Five other teams don’t have a first-round pick: The Falcons, Ravens, Colts, Packers and Jaguars.
The teams with two first-round picks all missed the playoffs last season and know they have some rebuilding to do. Those picks can be their building blocks.
When it comes to a teammate’s contract situation, a player’s best play is to say nothing at all.
Cowboys quarterback Dak Prescott recently opted for a different approach.
“George loves football,” Prescott recently said. “That’s the one thing about it. I just want him to know, don’t change your love for football. Don’t get in the business mind of this.
“He played last year on [the final year of his rookie deal], right? So, if you can go $30 [million], whatever it is now, that’s the same thing I got when I franchised. Hey, go do it. At the end of the day, bet on yourself. He’s a hell of a player. Hopefully, we can get him long term and sign that, but if not, I think the way he plays the game, and the person he is, he’ll be just fine.”
But that advice misses the point — in multiple ways.
First, the $27.298 million franchise tag for receivers falls ridiculously below the current $40 million market at the position. And that’s before Colts receiver Alec Pierce (who led the league in yards per catch for the past two seasons) gets paid on the open market, and before Seahawks receiver Jaxon Smith-Njigba gets his second contract in Seattle. Is the tag a lot more than the last year of Pickens’s slotted second-round rookie deal? Yes. Is that relevant? No.
Second, Prescott’s tag in 2020 was $31.4 million. At the time he signed, the top of the market was $35 million. Even after Patrick Mahomes signed a 10-year extension with a new-money average of $45 million per year, Prescott’s $31.4 million was seventh among all quarterbacks. Pre-free agency, Pickens ranks 13th.
Third, franchise quarterbacks will do several long-term deals. (Prescott has already signed two.) High-end receivers usually get one major contract during their careers. And the franchise tag delays that for Pickens, by a full year. Next year, the Cowboys can tag Pickens again, at the well-below-market value of $32.758 million. He may have to burn two more years of his prime at below-market rates before getting to the open market.
Fourth, a serious injury has a much bigger impact on a non-quarterback. During his franchise-tag year, Prescott suffered a compound ankle fracture. And that didn’t stop Prescott from getting a four-year, $160 million contract the following March. If a non-quarterback has that kind of injury, he’ll have to prove that he’s healthy before he’ll ever get paid significant money. (Case in point: Tyreek Hill has been available for more than two weeks, and there’s been barely a peep regarding potential interest in his services.)
So what should Prescott have said? How about something like this: “George is one of the best receivers in the NFL. He deserves every dollar he can get.”
Maybe Pickens won’t be bothered by the comments. Maybe he knows that the quarterback is by definition a company man. Maybe Dak has privately explained that to him. (Besides, it’s not like Dak went full-on Brett Favre, who actively campaigned against receiver Javon Walker getting a new contract in 2005.)
Still, it’s a minefield for any player to talk about another player’s contract. And it underscores the fact that the Cowboys and Pickens are now in a high-stakes game of chess, checkers, and chicken, with a deadline of July 15 to do a long-term deal.
