3 Free Agents the Cowboys Can Sign With Limited Cap Space

Jason Schandl
Low-cost free agents the Cowboys should target, including cornerback Jimmy Smith.
Low-cost free agents the Cowboys should target, including cornerback Jimmy Smith. / Alika Jenner/Getty Images
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With Ezekiel Elliott and Amari Cooper signed to big contracts and Dak Prescott still needing an extension beyond his one-year franchise tag, the Dallas Cowboys don't have a ton of flexibility under the salary cap, ranking No. 20 in the NFL by cap space.

This is clearly a team that wants to be in playoff contention, though, and after missing the postseason at 8-8 in 2019, they'll need to make some improvements to do that. With that in mind, here are three low-cost free agents the Cowboys should target.

1. Jimmy Smith, CB

Jimmy Smith during a 2019 game against the Browns.
Jimmy Smith during a 2019 game against the Browns. / Patrick McDermott/Getty Images

The tough cap space situation in Dallas means they've had to let top corner Byron Jones walk. He's not easy to replace, especially on the cheap, but Jimmy Smith's upside could make him a viable option. When Smith has stayed healthy he's continued to dominate, allowing just 6.7 yards per target in coverage over the last two seasons. However, he's failed to stay healthy for more than 12 games in any of the last four seasons and those injury concerns could make him more affordable than he would be otherwise.

2. Cameron Wake, LB

Cameron Wake during a 2019 game against the Browns.
Cameron Wake during a 2019 game against the Browns. / Kirk Irwin/Getty Images

Age is what will likely keep Cameron Wake's asking price down, but the 38-year-old LB still has plenty to offer on a short-term deal. He dealt with injuries and his production fell off some in 2019, but Pro Football Focus still had Wake graded as a strong defender on the year, giving him an 83.5 overall grade and 77.8 pass-rush grade. Losing Robert Quinn and Maliek Collins means Dallas can use some edge rush help, which would make Wake a great fit.

3. Delanie Walker, TE

Delanie Walker before a 2019 game against the Steelers.
Delanie Walker before a 2019 game against the Steelers. / Wesley Hitt/Getty Images

The Cowboys extended Blake Jarwin, but with Jason Witten gone they still aren't exactly set at tight end. They don't need a sure-thing or a dominant player at the position, but a guy like Delanie Walker could bring some nice value as a TE2, in addition to being a short-term insurance plan if the unproven Jarwin doesn't pan out. Combining injury concerns over the last two years with age (turning 36 in August) should mean a bargain-basement price tag on Walker, who recorded at least 800 receiving yards in each season from 2014 to 2017.


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Jason Schandl is not a FanDuel employee. In addition to providing DFS gameplay advice, Jason Schandl also participates in DFS contests on FanDuel using his personal account, username Jaymun. While the strategies and player selections recommended in his articles are his personal views, he may deploy different strategies and player selections when entering contests with his personal account. The views expressed in their articles are the author's alone and do not necessarily reflect the views of FanDuel.

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