Jordan Woy told NFL.com's Ian Rapoport via email on Tuesday that he and the Cowboys decided that a one-year contract is best "at this point," instead of continuing negotiations toward a long-term extension.
"Both sides have diligently tried to reach a deal and we have a very positive relationship with the team," Woy wrote. "Anthony is happy and is looking forward to playing this season."
Spencer and the Cowboys were open to a new contract after the six-year veteran signed his guaranteed $10.63 million franchise tag in April, but market value for pass rushers has slid in recent months. Spencer's camp reportedly wanted to discuss the possibility of a deal closer to the $8 million per year contract the Cleveland Browns handed free-agent linebacker Paul Kruger, according to KRLD-FM.
Instead, Spencer will focus on his move from outside linebacker to defensive end as Dallas switches from the 3-4 to the 4-3 under new defensive coordinator Monte Kiffin. Spencer will pair with DeMarcus Ware, forming a pass-rushing tandem guaranteed to make some noise, at least for one more season.
Follow Marc Sessler on Twitter @MarcSesslerNFL.