In the summer of 2023, the Dallas Cowboys made headlines by securing cornerback Trevon Diggs with a lucrative five-year contract extension worth up to $104 million, contingent on performance incentives. However, plagued by injuries and diminishing performance, Diggs has now been released by the team, a move that not only marks an end to his stint with the Cowboys but also brings significant financial relief to the franchise.
Dallas Cowboys Part Ways with Trevon Diggs
In the summer of 2023, the Dallas Cowboys announced a five-year, $97 million contract extension for cornerback Trevon Diggs, which could reach $104 million if certain incentives were met. Although some viewed the deal as excessive, Diggs had proven his worth by leading the league with 11 interceptions in 2021 and achieving a career-high 59 tackles the following season. The Cowboys aimed to maintain a crucial element of their defense for the foreseeable future.
Unfortunately, injuries have hindered Diggs in recent seasons. Over the last three years, he has participated in only 21 games, managing to secure just three interceptions and none in the current season. The Cowboys have now decided to sever ties with him, a move that will save them considerable financial resources.
Financial Implications and Future Prospects
Diggs’s contract included $42.3 million in guaranteed money. With no remaining guarantees in the deal, the Cowboys can release him without incurring penalties, resulting in a loss of approximately $55 million for Diggs. Additionally, this decision opens up around $12.5 million in salary cap space for the Cowboys.
Although the Cowboys have been eliminated from playoff contention, Diggs, at just 27 years old, could still be an asset for a team in pursuit of a postseason berth. Should a team sign him before the end of the season, it would owe him $472,000 for the game check from his base salary, plus an additional $58,823 if he is active during the final game. Even if he does not secure a contract this week, he remains a potential target for teams next year.
This release adds to the Cowboys’ recent woes; earlier this season, the team controversially traded edge rusher Micah Parsons to the Green Bay Packers. While Parsons has faced injuries, the Packers are poised for a playoff run, leaving the Cowboys to reflect on missed opportunities as they watch from the sidelines.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
