The Dallas Cowboys created more than $19 million in salary cap room last week, raising questions about what Jerry Jones planned to do with it. The owner and general manager has now made it clear that another move remains possible.

Speaking on 105.3 The Fan in Dallas, the Cowboys owner and general manager discussed the team's plans for its remaining cap space and draft capital. Dallas has $33.6 million in cap room, according to NFLPA figures, though unused money can roll over to 2027.

“We're still alive and well in that area, but picks are important,” Jones said. “That's your consideration for the future when it gets to the draft. But what's top of mind for me right now is getting the best team we can put on this field.”

The comments clarify the restructures involving defensive tackle Kenny Clark, cornerback DaRon Bland and tight end Jake Ferguson.

In a recent appearance on 105.3 The Fan on September 8, Jones isn't treating the added cap room as something to save for the future.

At the start of training camp, Jones said he'd consider a substantive trade to improve the Cowboys in 2026, even if it meant giving up future draft capital. He indicated on Tuesday that general discussions have continued, although nothing is currently pending.

The Cowboys already dipped into their draft capital last week. Dallas acquired offensive tackle Broderick Jones and a fourth-round pick from the Pittsburgh Steelers for third- and sixth-round selections.

Jones said he has confidence in the team's running backs and likes its depth at quarterback and tight end, while CeeDee Lamb and George Pickens give the offense a strong receiving duo.

"So when you look at all of that, you probably could see more than likely depth on defense," Jones said. "But defense would be the place."

Dallas has first, second, fourth, and sixth-round selections in 2027 and isn't expected to receive compensatory picks for its free-agent losses this offseason.

Jones still doesn't appear concerned about using some of that capital if the right defensive player becomes available.

The trade deadline is November 10, leaving plenty of time for the roster to show where it needs help.

Dallas' willingness to spend also comes as the franchise continues to operate with significant financial strength off the field.

Cowboys remain the NFL's most valuable franchise

Off the field, the Cowboys continue to hold a financial edge over the rest of the league.

According to a report by Justin Teitelbaum of Forbes on September 9, Dallas is valued at $17 billion in its latest annual rankings, making it the NFL's most valuable franchise for the 20th consecutive year. The figure represents a 31% increase from 2025.

The Cowboys generated nearly $1.28 billion in revenue last season, according to Forbes estimates, and posted an estimated $677 million in operating income.

Dallas' value is also well above the league average of $9.5 billion. The Los Angeles Rams ranked second at $13.5 billion, followed by the New York Giants at $12 billion.

The Cowboys open the season Sunday, September 13, against the New York Giants in East Rutherford, New Jersey.

If the defense needs another piece once the season begins, Jones has already made clear that Dallas has the financial room to look for one.

Written by

Evince Das