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Cowboys' Updated Salary Cap After Michael Gallup's Reported 5-Year, $62.5M Contract

The Dallas Cowboys are reportedly bringing back wide receiver Michael Gallup with a new contract as he was set to enter free agency.

According to NFL Network's Ian Rapoport, Gallup's new deal with Dallas is worth $62.5 million over the next five years. The contract propels Gallup into the upper echelon of highest-paid players on the team.

We'll know more when Gallup's contract details are revealed, but for now it can be expected that he will make an average annual salary of $12.5 million per year. Per Over the Cap, that number would put him ahead of guard Zack Martin for sixth-highest cap hit in 2022 for the Cowboys.