The Dallas Cowboys and quarterback Dak Prescott have talked about a contract extension for a long time. But that talk hasn’t been backed up by action. Prescott, however, has reportedly agreed to sign the franchise tender issued by the team, amounting to a one-year contract in the neighborhood of $31 million.
To be sure, negotiations for a prospective extension will continue, but for now, Prescott is headed for free agency at the conclusion of the 2020 season.
Cowboys’ QB Dak Prescott is planning to sign his $31.4 million exclusive franchise tender by Monday, source tells ESPN.
The two sides still now have until July 15 to work out a long-term deal.
— Adam Schefter (@AdamSchefter) June 21, 2020
If Prescott does indeed play under the franchise tag deal, it will be a gigantic raise for the Cowboys quarterback. Up until now, he’s been playing on his rookie contract. That deal in total amounted to a four-year, $2.72 million pact after the Cowboys took Prescott in the fourth round of the 2016 draft out of Mississippi State.
Highest-paid QB in terms of average annual value:
1. Russ Wilson: $35M
2. Ben Roethlisberger: $34M
T-3. Aaron Rodgers: $33.5M
T-3. Jared Goff: $33.5M
5. Kirk Cousins: $33M
6. Carson Wentz: $32M
7. Dak Prescott: $31.409M (franchise tag)
8. Matt Ryan: $30M
— Field Yates (@FieldYates) June 21, 2020
Prescott, 26, has completed 65.8 percent of his passes for his career as a pro and thrown for 15,778 yards. Entering his fifth NFL season, he’s given the Cowboys 97 passing touchdowns against 36 interceptions. He’s also added 21 rushing touchdowns.
Dallas signed Prescott’s backfield mate, Ezekiel Elliott, to a six-year, $90 million contract in September of 2019.
Earlier this offseason, the Cowboys signed former Bengals quarterback Andy Dalton to be Prescott’s backup.