In a move emblematic of their cautious strategy during the early stages of this year's free agency, the Dallas Cowboys opted for a conservative approach while other teams made bolder investments. The Cowboys' most notable addition was the signing of 32-year-old linebacker Eric Kendricks to a one-year deal valued at $3 million, with potential incentives pushing the contract's value to $3.5 million. Kendricks, a seasoned veteran, was brought in to fill the void left by the retiring Leighton Vander Esch.
Addressing Key Needs
In addressing their need at running back, the Cowboys re-signed Rico Dowdle to a one-year contract worth $1.255 million. Additionally, Ezekiel Elliott made a return to Dallas on a one-year, $2 million contract, which could increase to $3 million through incentives, following the 2024 NFL Draft in late April. Despite these additions, the Cowboys still face a $6.04 million cap charge in 2024 due to the post-June 1 release designation of Ezekiel Elliott.
Rushing Woes
The Cowboys' conservative moves come at a time when the team's rushing game is struggling significantly. Dallas ranks 30th in the NFL in rushing, averaging a meager 73.7 yards per game. The Cowboys' running backs have managed only 170 yards and one touchdown on 49 attempts, averaging 3.5 yards per carry. These stats place them minus 74 rushing yards over expectation, ranking only above the Chicago Bears and Miami Dolphins.
Derrick Henry's New Home
Meanwhile, Derrick Henry, who many speculated could have been a fit for the Cowboys, ultimately signed a two-year, $16 million contract with the Baltimore Ravens at the start of free agency in March. Henry’s deal includes $9 million fully guaranteed and the potential to reach $20 million with incentives. Henry has already accumulated 281 rushing yards, ranking fifth in the NFL, and is tied at the top for rushing touchdowns with four to his name. His average of 5.0 yards per carry and 65 rushing yards over expectation positions him among the league's elite backs.
In reflecting on the possibility of joining the Cowboys, Henry shared 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." He added, "They never reached out, you know what I'm saying? ... They weren't really interested. It is what it is."
Financial Constraints
Jerry Jones, owner of the Cowboys, acknowledged the financial limitations in acquiring a top-tier talent like Derrick Henry. "I like our personnel. We couldn't afford Derrick Henry," Jones stated, emphasizing the constraints under which the team was operating. He reiterated, "We couldn't afford Derrick Henry," highlighting the financial prudence guiding their decisions.
Future Outlook
Despite these challenges, Jerry Jones proclaimed that Dallas would be "all in" for the 2024 season. The strategic decisions made by the Cowboys will undoubtedly be scrutinized as the season progresses, particularly as they navigate the pressures of improving their underwhelming rushing statistics and overall team performance. Whether their conservative approach will pay off remains to be seen, but one thing is clear: the Cowboys' front office is focused on making financially responsible moves while aiming to remain competitive in the upcoming season.