An Opportune Moment for the Cowboys to Take Action

The Dallas Cowboys find themselves at a pivotal juncture where they can strategically position themselves for the future. Micah Parsons is not the only player in need of a contract extension; three other significant members of the 2022 draft class are also approaching the end of their rookie contracts.

Pro Bowl guard Tyler Smith, tight end Jake Ferguson, and cornerback DaRon Bland are all entering the final year of their contracts, making this an ideal moment for the Cowboys to pursue extensions.

Having already generated over $55 million in cap space, the Cowboys have yet to make any substantial acquisitions during free agency. This available budget could be effectively utilized to secure these key players for the long term.

Such actions would not only ensure the team’s future stability but also enhance cap flexibility by structuring contracts in a manner that is advantageous for the organization.

Rationale Behind Extensions for Key Cowboys Players

Tyler Smith: The Cornerstone of the Offensive Line

Tyler Smith has established himself as a vital component of the Cowboys’ offensive line. Having played at North Crowley High School in Fort Worth, remaining in Dallas represents more than just a professional opportunity—it signifies staying in his hometown.

Despite having only three seasons of experience, he has already achieved two Pro Bowl selections and was recognized as a second-team All-Pro in 2023.

With Zack Martin’s retirement, Smith is poised to take on the role of leader for the offensive line, similar to the leadership previously exhibited by Tyron Smith, Travis Frederick, and Martin himself.

He recognizes the significance of this responsibility and is determined to uphold the high standards established by his predecessors.

“In my view, it all begins with upholding that standard,” Smith remarked. “Since my arrival, I have observed how Tyron and Zack approach practice, from the film room to walkthroughs.

I have noted their study habits and have contemplated how I can become the best leader possible.”

Securing an extension for Smith at this time would not only solidify a key component of the offense but also mitigate the risk of his market value escalating in the future.

DaRon Bland: An Emerging Defensive Talent

DaRon Bland had a remarkable 2023 season, achieving All-Pro status after leading the league with nine interceptions and setting an NFL record with five pick-sixes in a single season.

Unfortunately, injuries hindered his progress in 2024, as he was sidelined for ten games due to surgery for a stress fracture in his left foot.

Nevertheless, his ability to make plays continues to make him an invaluable member of the Cowboys’ secondary. Delaying the extension for Bland could lead to an even steeper price in the future.

Recently, Houston Texans cornerback Derek Stingley Jr. signed an extension worth $30 million annually, which may serve as a reference point for Bland’s upcoming contract.

Considering the Cowboys previously signed Trevon Diggs to a five-year, $97 million deal, Bland’s contract could be expected to fall within a similar range.

Jake Ferguson: A Dependable Asset in the Passing Game

In 2023, Jake Ferguson became an integral component of the Cowboys’ offense, achieving 71 receptions for 761 yards and five touchdowns.

However, his performance in 2024 was hindered by injuries, causing him to miss three games and resulting in 59 catches for 494 yards. An early-season sprained MCL and a subsequent concussion restricted his participation.

Despite these challenges, Ferguson continues to be a vital element of Dallas’ aerial attack. The tight end position has not experienced the same salary surge as other roles, presenting a timely opportunity to secure him on a budget-friendly contract before market conditions change.

The Argument for Extending  Micah Parsons Immediately

While it is crucial to retain Smith, Ferguson, and Bland, the Cowboys must also prioritize Micah Parsons, their standout pass rusher. As he approaches the final year of his rookie contract, Parsons is poised for a significant financial reward.

Although he has indicated that he does not require the title of the highest-paid defensive player in the league, his agent will undoubtedly advocate for a contract that reflects his exceptional performance.

The Cowboys can maintain control over Parsons until 2028 by employing the franchise tag, but this approach carries inherent risks. Utilizing the tag on Parsons would preclude its use for Smith, Ferguson, or Bland in the following March.

Rather than postponing the inevitable, Dallas should pursue a long-term extension for Parsons now, ensuring a solid foundation for their defense.

The Cowboys’ Approach to Contract Extensions

Traditionally, the Cowboys have taken a proactive stance in securing their key players’ contracts before they enter free agency.

Notable players such as Tyron Smith, Travis Frederick, Terence Newman, Jason Witten, Tony Romo, and DeMarcus Ware were all signed to extensions well ahead of their contract expiration dates.

However, in recent years, there has been a noticeable change in this strategy. In 2023, negotiations with CeeDee Lamb and Dak Prescott extended longer than anticipated, resulting in Lamb becoming the second-highest-paid receiver and Prescott signing a record-setting contract just prior to the season’s commencement.

To avoid a repeat of this scenario, the Cowboys should act promptly regarding Parsons, Smith, Ferguson, and Bland.

Weighing Risk Against Reward

While there is inherent risk in offering long-term extensions to players, delaying such decisions could be even more detrimental.

The recent contract awarded to Bengals wide receiver Ja’Marr Chase, which averages $40.25 million annually, illustrates how rapidly the market can evolve.

Pass rushers like Myles Garrett of the Cleveland Browns, who earns $40 million per year, are driving salaries upward, and Parsons is likely to seek a comparable contract. Additionally, the markets for tight ends and cornerbacks are expected to rise soon.

By securing Ferguson and Bland now, the Cowboys can maintain better cost control and avoid the pitfalls of overpaying in the future.

Expert Editorial Comment: A Strategic Decision for the Future

Ideally, the Cowboys would secure contract extensions for all four players—Micah Parsons, Tyler Smith, Jake Ferguson, and DaRon Bland—before the season commences. Although past trends indicate this may be unlikely, finalizing agreements for at least one or two of them would represent a positive advancement.