The Cowboys cut Dan Connor today and restructured the contracts of nose tackle Jay Ratliff, cornerback Orlando Scandrick and guard Mackenzy Bernadeau to get under the salary cap.

So, just how much do the Cowboys have to spend when free agency starts Tuesday afternoon?

Not much.

The latest flurry of deals allows the Cowboys to dip roughly $175,000 under the cap. That is all they have to spend on free agency at the moment.

Now, as Stephen Jones likes to say, the cap is a fluid situation. Restructuring a few more contracts and cutting another veteran or two would create some more space if the Cowboys want to strike. Contract extensions for quarterback Tony Romo and defensive end Anthony Spencer would also create more space, although there is no indication that the club is close to a long-term deal with either player at this stage.

In other words, don’t expect the Cowboys to make a big splash when free agency opens.