Olawale signed a three-year, $5.4 million deal with the Cowboys last offseason, so this keeps the veteran fullback in Dallas for another year of the deal.
Olawale, 30, originally signed on with the Cowboys as an undrafted free agent out of North Texas back in 2012. He lasted less than a year in Dallas before the Raiders signed him off of their practice squad.
In 2015, Olawale signed a three-year contract extension with the Raiders. The Cowboys traded a fifth-round pick to reacquire Olawale in March of 2018.
Olawale was in the final year of his four-year, $6.66 million contract and made a base salary of $1.54 million for the 2018 season when he re-signed with Dallas.
In 2019, Olawale appeared in all 16 games for the Cowboys. He was targeted twice but did not record an offensive snap. According to Pro Football Focus, he played 119 snaps for the Cowboys.