Cowboys: Dak Prescott Contract Extension Talks Nonetheless Hanging; What Is Market Projection for QB’s Subsequent Deal?

The Dallas Cowboys should not in a rush to debate a brand new Dak Prescott contract, regardless that the star quarterback is already in his contract 12 months.

NFL Insiders reported that Prescott, 30, will play out his contract 12 months, at the least from the facet of the Cowboys franchise.

“The #Cowboys and QB Dak Prescott have a mutual understanding of his contract situation, sources say, with no offers from Dallas despite him being in a contract year. Owner Jerry Jones said, ‘We are where we are, locked and loaded for this year,'” wrote NFL Media’s Ian Rapoport.

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He added that there isn’t a indication {that a} deal is coming.

Josina Anderson of Undisputed and CBS Sports additionally mentioned that the Cowboys haven’t made a suggestion and that the group is “not presently charting a path to let Prescott go to free agency, despite some chatter to the contrary.”

Prescott has been with the Cowboys since 2016 and joined the Pro Bowl thrice.

His final deal was a four-year $160 million settlement with $126 million assured.

He is about to earn $40 million in 2024 with a $29 million base wage.

The latest information watered down the earlier statements by Prescott, who thinks a contract extension is imminent.

“I’m definitely confident,” Prescott mentioned final March 4. “Obviously, it helps the team. It’s important for the (salary-cap) numbers. I’ve heard Jerry (Jones) say that it is a process, both sides understand that. Everything is great. It’ll happen.”

Cowboys proprietor and normal supervisor Jerry Jones beforehand prompt that the group doesn’t worry shedding Prescott however insisted that they’re working laborious to discover a long-term answer for his or her star’s future.

New Dak Prescott Contract might reset QB values

Many quarterbacks surpassed the $50 million annual wage mark within the final 12 months, most notably Joe Burrow (Cincinnati Bengals), Justin Herbert (Los Angeles Chargers), Lamar Jackson (Baltimore Ravens), and Jalen Hurts (Philadelphia Eagles).

The QB worth has gone up, which is the place Prescott goes.

According to Spotrac, Prescott deserves a three-year contract price $180 million. This means he’ll earn a $60 million annual common value-$119 million is assured at signing, and $169 million is virtually assured.

If the worth is honored, Prescott would be the first participant to earn $60 million in a season, resetting a brand new customary for elite quarterbacks.

Herbert is the highest-paid participant within the NFL proper now, incomes $55 million this season.

The Cowboys have the choice to not comply with this projection. They might use their QB’s lack of postseason success after they haggle for a brand new contract subsequent season.

Jerry Jones and the entrance workplace haven’t got it straightforward. For a group that hasn’t had a lot success up to now seasons, they may want somebody at Prescott’s stage.

He was the league’s chief when it comes to landing passes with 36.

The market doesn’t have one but, as many different elite QBs are long-term dedicated to their respective groups. 

The latest Prescott contract additionally consists of no-tag and no-trade clauses, which suggests he might hit free company in 2024 it doesn’t matter what.

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