Report: Cowboys to place second-round tender on RT Terence Steele

The tender allows other teams to offer Steele a new deal, but gives Dallas the right to match it or take a 2nd-round pick as compensation. | From @ToddBrock24f7

The Cowboys are placing a second-round tender worth $4.3 million on right tackle Terence Steele.

Michael Gehlken of the Dallas Morning News first reported the development Saturday, citing a person familiar with the team’s decision.

The 25-year-old came to Dallas as an undrafted free agent out of Texas Tech in 2020. The next season, he stepped in to replace La’el Collins during his suspension and stayed there even after Collins was eligible to return, sliding to left tackle only to fill in for an injured Tyron Smith. He’s been an every-game staple at right tackle ever since (prompting the release of Collins), but Steele was then lost in Week 14 of the 2022 season to a torn ACL.

Steele, reportedly “ahead of schedule” in his rehab, is a restricted free agent this offseason.

With a second-round tender, other teams have the right to reach contract terms with Steele by April 21. The Cowboys, however, retain the right to match that offer in order to keep him in-house. If they choose to let Steele go (to a club that offers him a ridiculous deal), the Cowboys would receive a second-round draft pick as compensation.

Cowboys Wire’s Reid Hanson laid out the nuts and bolts behind this strategy earlier this week.

[lawrence-auto-related count=3]

[mm-video type=video id=01gtma4ffh0r6pcpxbxp playlist_id=01eqbwens7sctqdrqg player_id=01eqbvhghtkmz2182d image=https://images2.minutemediacdn.com/image/upload/video/thumbnail/mmplus/01gtma4ffh0r6pcpxbxp/01gtma4ffh0r6pcpxbxp-a21135627d608f92e426940d2d82a59f.jpg]

4 players have signed tenders with Broncos so far

The Broncos have three players who haven’t signed their tenders yet.

After signing wide receivers Diontae Spencer and Tim Patrick to exclusive rights free agent tenders, the Denver Broncos also signed nose tackle Mike Purcell and offensive lineman Elijah Wilkinson to tenders, according to KUSA-TV’s Mike Klis.

Unlike Spencer and Patrick, who received league-minimum ERFA offers, Purcell and Wilkinson received second-round tenders worth $3.259 million, keeping them with the team at least through the 2020 season.

Purcell is projected to start in the middle of Denver’s defensive line this season and Wilkinson will likely serve as the team’s top backup swing guard/tackle. Depending on the results of the Broncos’ offseason competition — and the draft — Wilkinson could potentially win a starting job.

After getting Patrick and Spencer signed, Denver still has three ERFAs left to sign: safety Trey Marshall, offensive tackle Jake Rodgers and cornerback Shakial Taylor. Those three players are expected to sign their tenders by Friday, according to Klis.

The Broncos currently have 11 open spots on the roster.

[vertical-gallery id=637291]