Dec 22, 2013; Landover, MD, USA; Dallas Cowboys offensive tackle Tyron Smith (77) prepares to block against the Washington Redskins during the first half at FedEx Field. Mandatory Credit: Brad Mills-USA TODAY Sports

Dallas Cowboys pick up Tyron Smith's fifth-year option

The Dallas Cowboys are the latest franchise to pick up a team option for a player who is nearing the end of their rookie deal. According to ESPN Dallas, the Cowboys have decided to exercise the fifth-year team option on offensive tackle Tyron Smith’s contract.

Dallas had until the May 3 deadline to make their decision or Smith would have been an unrestricted free agent next offseason.

Smith was the No. 9 overall pick in the 2011 NFL Draft, and because of his top ten status he will watch his salary increase significantly in 2015. Smith is set to make $2.079 million this season, but the collective bargaining agreement requires the Cowboys pay Smith the 2014 transition tag number for offensive lineman next season after picking up the option.

He will now make $10.039 million next year.

Smith has proven to be a key member of the Cowboys offensive line, as he elevated his play to a Pro Bowl level.

Still just 23 years old, Smith has plenty left in the tank and the Cowboys are hoping to benefit from his talent for the long haul.

Tags: Dallas Cowboys Tyron Smith

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