The Dallas Cowboys have reportedly created $20 million in cap space after agreeing to a restructured deal with Pro Bowl receiver <a href="https://www.on3.com/db/ceedee-lamb-19448/">CeeDee Lamb</a>, <a href="https://x.com/toddarcher/status/1896995842277695725" target="_blank" rel="noreferrer noopener">according to ESPN reporter Todd Archer</a>.



Lamb signed a four-year, $136 million contract extension prior to the start of the 2024-25 NFL season that made him, at the time, the second highest-paid non-quarterback in league history, and included a record $38 million signing bonus. Lamb’s deal initially reset the market for NFL receivers before the Minnesota Vikings locked up <a href="https://www.on3.com/db/justin-jefferson-142251/">Justin Jefferson</a> with a record $140 million extension over four years.



By restructuring Lamb’s deal, the Cowboys converted $25 million of Lamb’s 2025 salary into a signing bonus, which lowered his 2025 cap number by $20 million and increased his cap number from 2026-29 by $5 million per season, according to Archer.



Despite injuries limiting him to a career-low 15 games in 2024, Lamb still posted his fourth-consecutive 1,000-yard receiving year and third-consecutive 100-reception campaign after hauling in 101 catches for 1,194 yards and six touchdowns last season. Over his five-year NFL career, Lamb has 496 receptions for 6,339 yards and 38 career receiving touchdowns. The 25-year-old Lamb, a 2020 first-round pick out of Oklahoma, has made four consecutive Pro Bowls and three straight All-Pro teams.



Now with Lamb’s restructured deal done, the Cowboys turn their attention to restructuring the massive $240 million extension that quarterback <a href="https://www.on3.com/db/dak-prescott-28005/">Dak Prescott</a> signed prior to last season, which included an $80 million signing bonus.



With Lamb’s restructuring, and a new deal for defensive tackle <a href="https://www.on3.com/db/osa-odighizuwa-94623/">Osa Odighizuwa</a>, Dallas currently has just over $18 million in cap space, according to OverTheCap.com. NFL free agency begins at 4 pm ET, March 12.



<h2 class="wp-block-heading" id="h-dallas-cowboys-dl-osa-odighizuwa-agree-to-massive-contract-extension">Dallas Cowboys, DL Osa Odighizuwa agree to massive contract extension</h2>



The Dallas Cowboys and defensive tackle <a href="https://www.on3.com/db/osa-odighizuwa-94623/">Osa Odighizuwa</a> have agreed to a new contract. <a href="https://x.com/AdamSchefter/status/1896968916729245890" target="_blank" rel="noreferrer noopener">According to Adam Schefter of ESPN,</a> Odighizuwa has agreed to a four-year, $80 million deal that includes $58 million guaranteed and a $20 million signing bonus.



The Cowboys selected Osa Odighizuwa in the third round of the 2021 NFL Draft. During the 2024 season, the former <a href="https://www.on3.com/college/ucla-bruins/">UCLA</a> star recorded 47 tackles, five tackles for loss, 4.5 sacks, one pass defended and one forced fumble.



Last month, Cowboys head coach <a href="https://www.on3.com/db/coach/brian-schottenheimer-131950/">Brian Schottenheimer</a> told reporters the team wants Odighizuwa back for the 2025 season and beyond. 



“I think there’s a lot of ongoing conversations,” Schottenheimer told reporters at the NFL Scouting Combine, <a href="https://www.dallascowboys.com/news/odighizuwa-a-player-cowboys-would-love-to-have-back" target="_blank" rel="noreferrer noopener">per Cowboys.com</a>. “Obviously Osa has done a terrific job for us. He’s a terrific young player. He does everything right and as the communications keep going. It’s never done until it’s done, but he’d be a guy we’d love to have back.”



On3’s Brian Jones contributed to this report.

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