On Monday, Dallas Cowboy quarterback Dak Prescott signed a $31.4M exclusive franchise tender. He will be required to be at the training camp once things go back to normal with the Dallas Cowboy for a one-year contract, which is by far the richest contract in franchise history.
Prescott is contractually obliged to report for all team activities or get fined after signing under the franchise tag. This comes after failing to participate in the club virtual offseason program when he was unsigned.
Through signing the tag, he will be making more than what he made from 2016-19 on his rookie contract (less than $5M total). It shattered the rumors that the Cowboys were into trading him, despite offers throughout the negotiating process.
Others insinuate Prescott was lured into signing the tender at this particular moment because of the COVID-19 pandemic. For references, 14 players who are assigned to the franchise tag this year, none have reached an extension with their club. Its transparent crystal, how teams are proceeding with caution with long-term deals in this uncertain offseason.
Prescott played on a contract of just a $2M salary in the final year of his rookie, becoming the 2016 NFL offensive Rookie of the year when he led the Cowboys to the NFC’s top seed in the playoffs. 2 years later he won his first postseason game.
Last year, we saw Defensive end, DeMarcus Lawrence, the 2-time Pro Bowler sign a $102M, five-year deal, making him the highest-paid per-year average in Dallas history at $21M.
Following the suspension of rookie sensational Ezekiel Elliott for six games, the Cowboys missed the playoffs. But thanks to Prescott’s running back in the fold for a full season in 2018, Dallas was able to win another NFC East title and a wild-card win over Seattle.
By signing the tag, Prescott has guaranteed himself $31.4M in 2020 and locks in the 2021 franchise tag at $37.7M, even if the NFL’s salary cap stays flat or takes a dip because of a fall in revenues.
At the moment, Russel Wilson’s $35M annual salary from the Seattle Seahawks, including guaranteed cash that is on par with the $110M quarterback Jared Goff received from the Los Angels Rams. Could Prescott become the second-highest-paid quarterback in the NFL, if The Cowboys places an offer on the table for him?
Prescott is worth a whole lot more, and he’ll make a whole lot more this year, if both sides between Prescott and the club with the deadline set on July 15 whether he signed the tag today.
Prescott’s agent Todd France and The Cowboys haven’t had a deal yet despite Cowboy’s executive vice president Stephen Jones sounding optimistic of an agreement being made even hours to the deadline, as long as both sides are motivated.
What matters most is July 15, since the cowboys put a tag on Prescott in March that is the date matter significantly for the future of Prescott at the Dallas Cowboy club.
Rachel Lott is a Reporter for Chroniclex After graduating from Cuyahoga Community College, Rachel got an internship at USA Evening and worked as a Reporter and Producer. Rachel has also worked as a Reporter for WKYC TV and Fox News Channel. Rachel Covers International Developments.