Cowboys quarterback Dak Prescott is anticipated to play out his current deal into the 2024 campaign.
Dak Prescott and the Dallas Cowboys are ready to play out the remaining year on the quarterback’s deal.
According to people with knowledge of the arrangement, Prescott and the Cowboys have mutually agreed that there won’t be a contract change when he plays for the team in 2024, as reported by NFL Network Insider Ian Rapoport on Tuesday.
In order to reduce the enormous salary cap number, it was anticipated that the Cowboys would have to extend Prescott’s contract this summer. In the end, the team and quarterback determined that it would be best to honour the agreement and work things out after the season.
Earlier this month, the Cowboys converted a $5 million roster bonus into a signing bonus, shaving $4 million off Prescott’s salary cap figure. That number still sits at a whopping $55.445 million. The club also added two additional void years through 2028.
Prescott signed a four-year, $160 million contract in 2021, which included no-trade and no-tag clauses. With no extension forthcoming, Prescott is on his way toward free agency in 2025. If Dallas doesn’t eventually sign the QB to an extension, he’d still count $40.46 million against the 2025 salary cap.
In 2021, Prescott owned all the leverage after Dallas used back-to-back franchise tags on the QB. That leverage allowed him to negotiate a shorter, four-year deal than the five-year pact the club preferred. Given his massive cap number, Prescott still owns a ton of leverage. Instead of bowing to that power, the Cowboys seem to be content to let things play out.
Owner Jerry Jones stated on Tuesday that “We are where we are,” suggesting that there is still time for the parties to work things out. Our deal is with us. We can see how we are thinking as we proceed, and we are ready for this year.”
