Gowin, who will count nearly $600,000 against the salary cap, spent the first three years of his career in Dallas. After leaving the Cowboys in 1999, he moved on to New Orleans before re-signing with Dallas yesterday.
The Cowboys released punter Micah Knorr last season after he botched a fake field goal and bobbled a good snap on an extra point. He was replaced by rookie Filip Filipovic.
"Toby is a proven commodity who brings a lot to the table in terms of consistency and versatility," Cowboys owner Jerry Jones said.
"He is a weapon as a punter and kickoff man, and his ability to hold on place kicks is an additional bonus. Over the course of the past few seasons we have seen how valuable a player of Toby's many abilities can be. It's good to have him back."
Last year, Gowin finished sixth in the NFC with a 41.9-yard gross average and a 36.9 net average.
Gowin Returns to Dallas
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