AP Sources: Cowboys, Redskins have cap reduced
Monday, March 12, 2012
NEW YORK (AP) -- Two people familiar with the decision tell The Associated Press the Dallas Cowboys and Washington Redskins will lose salary cap space for the next two seasons for overspending on contracts during the 2010 uncapped season.
The teams paid out exorbitant amounts two years ago to get them significantly under the salary cap for the upcoming season.
The losses can be spread over two years, both people said Monday on condition of anonymity because the league hasn't announced the reductions. Dallas and Washington are the only teams affected.
ESPN reported that the Redskins will lose $36 million in space, and the Cowboys will forfeit $10 million. This year's salary cap is $120.6 million, up only $250,000 over last year.