Dallas Cowboys quarterback Dak Prescott has been signed to an extension by the team, securing his long-term future.
On Monday, The Cowboys released a statement that read that the team had agreed to terms on a new contract with QB Dak Prescott and further information or details regarding that contract will be released at a press conference on Wednesday.
ESPN’s Adam Schefter reported it’s a four-year, $160 million contract that includes $126 million in guaranteed money. According to sources, the deal could cost up to $164 million. Later Schefter clarified that the contract is technically a six-year extension which may be suspended after four years:
According to Schefter, Prescott is likely to earn $75 million in his first year and will receive a $66 million signing bonus.
Likely, the Cowboys will still place the franchise tag on Prescott on Tuesday just as a procedural move. According to Ian Rapoport of NFL Network, Prescott will also receive a no-trade clause and a no-tag provision as part of the deal.
Even though Prescott suffered a season-ending leg injury against the New York Giants in October, he secured the security. The 2020 season saw him leading quarterbacks in passing yards (1,690) through four games.
It was Dallas’ season that was broken after Prescott suffered a compound fractured ankle and dislocated foot. His surgery, which took place on Oct. 11, is progressing well, and he continues to prepare himself for Week 1 in 2021.Even after Prescott’s injury, the Cowboys pushed to keep him as their quarterback.
Stephen Jones, the Cowboys’ executive vice president, mentioned in no uncertain terms that Prescott is the quarterback the Cowboys want per the news article by Jon Machota in January.
Jones added that ultimately, this is Dak’s football team, and Andy (Dalton) understood that, and they are committed to signing Dak.
After playing the last season under a one-year franchise tender worth $31.4 million, the two-time Pro Bowler was due to become a free agent for the second straight year.
Mike Fisher of Sports Illustrated says that when Prescott and the Cowboys discussed an extension last offseason, their main concern was the contract’s length.
According to Fisher, Prescott preferred a four-year contract with the Cowboys that gave him a chance to test the market after his age-30 year rather than a five-year contract worth $35 million a year with “virtual guarantees” of more than $106 million.With new television contracts, the NFL is likely to raise the salary cap after the 2022 season.
The Cowboys have done the right thing in the short-term by getting Prescott under contract, thereby preventing another season where they are constantly on the franchise quarterback’s talks.
In 2019, Prescott enjoyed his most successful season so far. This 27-year-old quarterback ranked second in the NFL for passing yards with 4,900. He ranked fourth on touchdown passes, with 30, and had a QBR of 71.9.We expect to see more lucrative players’ deals before the 2021 season kicks off.
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.