Cowboys owner Jerry Jones said there is a “reasonable” way for the team to retain free agent linebacker Anthony Spencer and prevent him from exploring the open market.

But Jones also explained “you can’t have it all.”

“We are going to have to pick our spots to spend this money,” he added.

The contract figure Jones has in mind for Spencer “is much less than he is going to take.”

Last season, Spencer, 29, played with an $8.8 million franchise tag. The Cowboys could peg Spencer with the same designation, but it would cost $10.6 million to do so this season. Spencer is expected to be highly-coveted after led the team in tackles this past season with 95 stops, recorded a career-high total of 11 sacks, and was invited to his first Pro Bowl.