Dallas Cowboys Free Agency Approach and Missed Opportunities

In a move emblematic of their conservative strategy during the early phases of this year's free agency, the Dallas Cowboys opted to tread carefully while other NFL teams made headlines with big-ticket signings. The team's most significant addition was 32-year-old linebacker Eric Kendricks, secured on a one-year deal worth $3 million, potentially increasing to $3.5 million through incentives. Kendricks steps in to fill the void left by the retiring Leighton Vander Esch, adding experience and leadership to the Cowboys' defensive unit.

Addressing Running Back Needs

The Cowboys maintained continuity in their backfield by re-signing running back Rico Dowdle to a one-year contract valued at $1.255 million. Additionally, they re-signed Ezekiel Elliott for a one-year, $2 million contract that could escalate to $3 million through performance-based incentives. This move came after the 2024 NFL Draft in late April, ensuring the team retained a familiar face to bolster their rushing attack.

Despite bringing back Elliott, the Cowboys demonstrated restraint in the free-agency market, particularly noticeable in their pursuit—or lack thereof—of top-tier running backs. Derrick Henry, a notable free agent, ultimately inked a two-year, $16 million contract with the Baltimore Ravens in March, inclusive of $9 million guaranteed. This agreement also potentially inflates to $20 million through incentives, showcasing the significant investments other teams were willing to make.

Financial Constraints and Strategic Decisions

Commenting on their conservative free-agency approach, Cowboys owner Jerry Jones candidly admitted, "We couldn't afford Derrick Henry." This sentiment underscores the financial constraints the team faces, further complicated by a $6.04 million cap charge in 2024 due to Elliott's post-June 1 release designation.

Derrick Henry himself expressed a level of disappointment on the "Pivot" podcast, stating, "I was like, man, if I'm not in Tennessee or I don't get to go to Dallas, I'd love to be a Raven." He added, "They never reached out, you know what I'm saying? ... They weren't really interested. It is what it is."

Despite missing out on Henry, Jones remains optimistic, asserting that the team is "all in" for the 2024 season. This optimism, however, must contend with the harsh reality of the Cowboys' current performance metrics. Dallas ranks 30th in the NFL in rushing, averaging a mere 73.7 yards per game. Their running backs have collectively managed just 170 yards and one touchdown on 49 attempts, averaging a scant 3.5 yards per carry.

The Impact of Missed Opportunities

Contrastingly, Derrick Henry has showcased his elite talent, amassing 281 rushing yards, positioning him fifth in the NFL. With four rushing touchdowns and an average of 5.0 yards per carry, Henry’s performance starkly highlights what the Cowboys missed. His 65 rushing yards over expectation further solidify his status among the league's premier backs.

As the season progresses, these missed opportunities and financial limitations place the Cowboys under significant scrutiny. Despite their efforts to maintain stability within the squad, Dallas’ conservative approach may need reevaluation as they navigate the challenges ahead.

The upcoming games will be pivotal for the Cowboys as they aim to improve their ground game and overall performance. Whether Kendricks' addition and the re-signing of familiar faces like Dowdle and Elliott will be enough to propel the team forward remains to be seen. One thing is certain: the Cowboys’ strategy and execution will be under the microscope as they strive to compete with the NFL’s elite.