Dak Prescott, Dallas Cowboys reach agreement on a 4-year, $160 million contract extension
For the better part of the last three offseasons, the Dallas Cowboys proclaimed Dak Prescott as the franchise quarterback for years to come. With that, the Cowboys have attempted to reach an agreement with Prescott on a contract extension.
After a plethora of storylines, reports, and everything else surrounding the event, Prescott and the Cowboys struck a 4-year, $160 million deal with $126 million guaranteed one day before the NFL’s franchise tag deadline. News of the contract extension was first reported by Adam Schefter of ESPN.
The massive contract averages $42 million per year for the first three years of the deal. Amazingly, Prescott will collect a $66 million signing bonus and is expected to amass $75 million in the first year of his contract — both are NFL records. The Cowboys, though, will place the franchise tag on Prescott today as a procedural matter ahead of a Wednesday news conference.
Both sides wanted to remain together in spite of several obstacles. Along with his season-ending ankle injury this past season, Prescott has trudged through countless hours of negotiations spread over three offseasons and has wanted to align his contract with the NFL’s new collective bargaining agreement in the coming years as the salary cap is expected to increase significantly from new upcoming television deals.
With his new contract secured, Prescott is signed through the middle of this decade with the core of his skill players and should expect to have increased Super Bowl expectations. For more sports coverage, click here.