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Could Loaded FA Safety Market Drive Down Earl Thomas’ Value?

It’s no secret the Dallas Cowboys and Earl Thomas share a mutual interest in one another. Thomas has publicly stated his desire to join America’s Team and the Cowboys did their darndest to make that happen last offseason. Nothing ever materialized a year ago, but it’s looking as if the stars have finally aligned and a union between the two could merely be just weeks away.

Surprisingly enough, the Dallas Cowboys may have dodged a bullet last year when the Seattle Seahawks refused to part ways with their All-Pro safety. Not only would they have had to surrender a high draft pick, but they would’ve also had to extend Thomas’ contract. Fortunately, timing is everything and now the Cowboys might just have to do the latter.

A potential contract between the Cowboys and Thomas is of course what I want to dive in today. I’m not going to get into numbers right now, because it’s nearly impossible to project any kind of contract for any safety this offseason, especially for the former Seahawk, Earl Thomas.

Earl Thomas
Free Agent FS Earl Thomas (Photo by Otto Greule Jr/Getty Images)

Right now, it’s a little difficult to know who might have the advantage in contract negotiations, Earl Thomas or the Dallas Cowboys. A lot of times the one that has the leverage, however slight, is the one that gets the better of the deal. As surprising as it may be, the Cowboys might just have the advantage here and I’ll tell you why.

First off, this year’s market for free agent safeties is pretty stacked with starting caliber players. See below:

  • Earl Thomas
  • Landon Collins
  • Lamarcus Joyner
  • Tyrann Mathieu
  • Adrian Amos
  • Clayton Geathers
  • Ha-Ha Clinton Dix
  • Glover Quinn
  • Tre Boston
  • Kenny Vaccaro
  • George Iloka
  • Jimmie Ward
  • Adrian Phillips

Earl Thomas is obviously the headliner here amongst the free agent safeties, but having so many starting caliber players available could drive down Thomas’ market value just a bit. This is especially true when you take into consideration the market for FA safeties just a year ago. It was almost a complete standstill last year, with only Kurt Coleman signing a three-year $16.5 million deal with the New Orleans Saints. Not even the “Honey Badger” Tyrann Mathieu could get more than a one-year deal.

With all of these safeties available in free agency, we could be looking at another stingy market. This of course could be good or bad news for the Dallas Cowboys, especially as it pertains to Earl Thomas. Since he is the top FA safety available, everything could once again be at a standstill until he is signed.

Earl Thomas
Free Agent FS Earl Thomas (Photo by Andy Lyons/Getty Images)

Of course, we all know this will ultimately come down to determining Earl Thomas’ market value. There is no denying he is still arguably the best free safety in the game today, but there are concerns about his age (30) and the two lower leg injuries he’s sustained in the past three years.

Even with the loaded free agent market of starting caliber safeties and Thomas’ age and recent injury history, he’s still likely to receive a contract that earns him $10 million annually, give or take. It wouldn’t surprise me at all if he gets another four-year deal worth $40 million, $25.7 million guaranteed, with a $9.5 million signing bonus like he signed with the Seahawks back in 2014.

The Cowboys of course would probably find a four-year $40 million deal for Earl Thomas acceptable. They would more than likely frontload the contract with a lot of protection in the details. They have the cap space to make this happen and still be able to sign their own, so money shouldn’t be a problem.

Now, whether or not Thomas’ market value may dip a little due to all of the above mentioned reasons will be something we will have to wait and find out. Regardless, I’d be a little shocked if Earl Thomas doesn’t finish his career with the Dallas Cowboys.

Do you think Earl Thomas’ market value will take a little hit this offseason?

What do you think?

Brian Martin

Written by Brian Martin

Level C2/C3 quadriplegic. College graduate with a bachelors degree in sports and health sciences-concentration sports management. Sports enthusiast. Dallas Cowboys fanatic. Lover of life with a glass half-full point of view.

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