In a move that stayed true to their conservative approach, the Dallas Cowboys navigated this year's free agency with a focus on stability rather than splashy acquisitions. Amidst an off-season marked by big-money deals and high-profile moves, Jerry Jones' franchise opted for strategic signings that addressed key needs without breaking the bank.
Key Acquisitions and Contract Details
The most notable addition to the Cowboys' roster came in the form of veteran linebacker Eric Kendricks. The 32-year-old signed a one-year contract for $3 million, with incentives that could push the total value up to $3.5 million. Kendricks is expected to fill the void left by the retirement of Leighton Vander Esch, bringing experience and leadership to the Dallas defense.
The Cowboys also focused on reinforcing their backfield. They re-signed running back Rico Dowdle to a one-year deal worth $1.255 million. Additionally, Ezekiel Elliott made his return to Dallas after the 2024 NFL Draft in late April, accepting a one-year, $2 million contract. This agreement includes performance-based incentives that could increase the payout to $3 million.
Dallas faced a notable setback when Derrick Henry, one of the most productive running backs in the league, signed with the Baltimore Ravens on a two-year, $16 million contract in March. Henry’s deal includes $9 million in guarantees and the potential to reach $20 million with incentives. Reflecting on the Cowboys' inability to secure Henry, Jerry Jones succinctly stated, "We couldn't afford Derrick Henry."
Challenges in the Running Game
The Cowboys' conservative strategy highlights the financial realities and cap management challenges faced by the team. Dallas will carry a $6.04 million cap charge in 2024 due to the post-June 1 release designation of Ezekiel Elliott, further complicating their financial maneuvering. This situation underscores why securing a high-priced free agent like Henry was out of reach.
On the field, the Cowboys' rushing attack has struggled significantly. Ranked 30th in the NFL, Dallas averages just 73.7 rushing yards per game. Their running backs have combined for a mere 170 yards and one touchdown on 49 attempts, averaging 3.5 yards per carry. This performance places them minus 74 rushing yards over expectation, ranking only above the Chicago Bears and Miami Dolphins.
Meanwhile, Derrick Henry's performance with the Ravens has been outstanding. With 281 rushing yards, Henry ranks fifth in the NFL and is tied for the top with four rushing touchdowns. His average of 5.0 yards per carry and 65 rushing yards over expectation underscores his elite status among the league's best backs. Reflecting on his future in free agency, Henry expressed a sense of missed opportunity with Dallas, saying 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."
Remaining Competitive
Jerry Jones remains optimistic about the Cowboys' prospects, despite the financial constraints and on-field challenges. "I like our personnel. We couldn't afford Derrick Henry," he reiterated, highlighting confidence in the current roster's potential. Jones has proclaimed that Dallas would be "all in" for the 2024 season, aiming to build on the foundation laid by their strategic moves in free agency.
As the Cowboys navigate the rest of the season, their approach will be closely watched. Can the conservative strategy pay off in a league where big plays can often result from bold decisions? For now, Dallas' faithful will hope that the blend of strategic signings and the steady hand of Jerry Jones will guide the team through a competitive landscape.