Tagged in: Dak Prescott

QB Dak Prescott, Dallas Cowboys reach four-year, $160 million deal

The Dallas Cowboys and quarterback Dak Prescott have agreed to a four-year, $160 million deal, including $126 million guaranteed, a source told ESPN’s Adam Schefter on Monday.

The deal, which is technically for six years but voids to four so as to help Dallas against the salary cap, can be worth up to $164 million, a source said.

Prescott’s signing bonus is $66 million, the highest in NFL history, with a record $75 million due in year one, Schefter reported. The first three years of the deal average $42 million per year, according to a source.

The Cowboys revealed they had agreed to a contract with Prescott but did not disclose terms. The Cowboys will place the franchise tag on Prescott on Tuesday as a procedural matter, a source told Schefter.

The Cowboys announced they will hold a Wednesday news conference. Prescott’s salary-cap number for this campaign will be $22.2 million instead of the $37.7 million that would have come along with the franchise tag, a savings of $15.5 million against this season’s cap, Schefter reported.

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The process to reach a long-term deal with Prescott covered three offseasons, multiple mega-million offers and hours of negotiations. The Cowboys, all along, said they wanted Prescott to be their franchise quarterback for the present and future, and Prescott stated he wanted to stay with the Cowboys.

It just took a lot longer than normal.

Prescott, who will turn 28 in July, is coming off a compound fracture and dislocation of his right ankle suffered in the Week 5 win versus the New York Giants in October, but he was predicted to make a full recovery during the offseason.

The Cowboys have missed the playoffs in three of the past four seasons.

Prescott’s absence in 2020, however, showed how integral he is to their success. Before getting hurt, he threw for 1,856 yards with nine touchdowns and four interceptions in five games.

The Cowboys’ offense scuffled along for a few weeks without Prescott, scoring one touchdown in three games after scoring at least 31 points in four of their first five games.

In five seasons, Prescott has a team-record seven 400-yard passing games and 24 rushing touchdowns, the most by a Cowboys quarterback. He is second to Tony Romo in 300-yard passing games with 15. Prescott also has proved to be clutch with 15 game-winning drives.

Prescott, the Cowboys’ 2016 fourth-round pick, has posted a 42-27 record with 17,364 passing yards to go along with 106 touchdown passes and 40 interceptions.

With the contract secured, the expectations will be even greater on Prescott to deliver a Super Bowl to an organization that has not made it to the title game in 25 years.

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Dallas Cowboys, Dak Prescott still not close to long-term deal

The Cowboys and Dak Prescott still are not close on a new deal to keep the star quarterback in Dallas long-term, sources told ESPN’s Adam Schefter.

The Cowboys and Prescott were banned from negotiating a new deal during the season, but the sides were permitted to resume contract talks once Dallas’ disappointing season ended.

Sources told ESPN that the Cowboys still want to re-sign Prescott, who wants to stay in Dallas. But the sides still have plenty of work to do on a new deal, with a history of not being able to get it done.

Cowboys owner Jerry Jones acknowledged last month that Prescott is in a good negotiating position, considering Dallas’ 6-10 record and the offense’s struggles after the two-time Pro Bowler’s season-ending leg injury.

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“I don’t know how you could have any more leverage,” Jones said on 105.3 The Fan.

Prescott, who played this past year under the Cowboys’ franchise tag, suffered a dislocation and compound fracture of his right ankle in Week 5 versus the New York Giants.

He was on pace for his best statistical season, with 1,856 yards passing, nine touchdown passes and four interceptions, but the Cowboys were 2-3 in his five starts.

Once the sides did not reach an agreement on a contract on June 15, 2020, Prescott had to play this season on the $31.4 million franchise tag. The Cowboys offered Prescott a deal last year that sources said averaged $34.5 million a year, with a $50 million signing bonus and had $110 million in guarantees.

The biggest issue between the sides was the length of the deal. The Cowboys wanted five years; agent Todd France countered with four because impending television contracts are expected to significantly raise the salary cap in the future.

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Dak Prescott of Dallas Cowboys had surgery after compound fracture

It was a bittersweet Sunday for the Dallas Cowboys. They found a way to overcome their errors on both sides of the ball to steal a victory from the New York Giants that could’ve easily gone the other way, but they lost Dak Prescott in the process, and not just for a game or two.

Prescott is presumably done for the campaign after suffering a compound fracture and dislocation of his right ankle, following a tackle that pinned his leg between the turf and the falling defender. He was carted off and rushed to the hospital where he was to undergo surgery Sunday evening. 

The procedure is now complete and was a success, the team informed, and Prescott will be released from the hospital at some point on Monday.

And with that, his long and arduous road to recovery initiates, but owner Jerry Jones believes few are as equipped as the two-time Pro Bowler to bounce back from such a devastating injury.

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“We are all heartbroken for Dak and this very disappointing injury,” Jones said in a statement.

“The outpouring of messages that I have received regarding his setback speaks volumes to the respect and admiration that he has earned from his teammates, former Cowboys players and Cowboys supporters everywhere. I know this young man very well. I know the personal hardship and strife that he has faced, dealt with and overcome in his young life. 

This will mark the end of an ironman streak for the former fourth-overall pick who once entered training camp as a rookie as the fourth-string quarterback, but who has since taken the NFL by storm in historic, record-setting fashion.

Prescott logged 69 consecutive starts since entering the league in 2016 — having not missed a single game — and was racking up legendary numbers as he tried to counterbalance a defense that was permitting more than 36 points per game weekly. 

The mantle for 2020 will now pass to Andy Dalton, who was able to finish the rally Prescott started on Sunday versus the Giants, helping the Cowboys move to 2-3 on the season. 

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Dak Prescott plans to sign franchise tag by Monday

Dallas Cowboys quarterback Dak Prescott plans to sign his $31.4 million exclusive franchise tender by Monday, a source told ESPN’s Adam Schefter.

The two sides still have until July 15 to work out a long-term deal. The Cowboys had placed the franchise tag on Prescott on March 18.

By signing his franchise tender, Prescott will be contractually forced to report to training camp on time, whether or not he and the Cowboys can figure out a long-term deal.

Prescott’s decision to sign the franchise tender is not an indication that a long-term agreement is close, league sources told ESPN’s Ed Werder.  The fact that Prescott will be one of the highest-paid players in the NFL — and the potential his franchise tag increases by a obligatory 20% next season to $37.7 million with a flat or lower cap in 2021 — is incentive for Dallas to secure a long-term deal before the July 15 deadline.

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This offseason, the Cowboys made a long-term offer to Prescott that would put him among the highest-paid quarterbacks in the NFL, ESPN’s Todd Archer previously reported.  Seattle’s Russell Wilson is the highest paid at $35 million per campaign, followed by Pittsburgh’s Ben Roethlisberger at $34 million.

Cowboys owner and general manager Jerry Jones and executive vice president Stephen Jones have repeatedly expressed their belief that Prescott is the team’s quarterback of the future and capable of leading the franchise back to a Super Bowl.

Prescott, who turns 27 on July 29, has said on multiple instances that he never wanted to leave the Cowboys.

Prescott completed 388 of 596 passes for 4,902 yards and 30 touchdown passes last season. Despite career highs in yardage and touchdowns, Prescott had his worst record as a starter (8-8) as the Cowboys missed the playoffs. His growth as a passer, however, was obvious as the Cowboys had two 1,000-yard receivers in Amari Cooper and Michael Gallup.

In his four seasons, Prescott ranks among the top five quarterbacks in victories (40), passing touchdowns (97), rushing TDs (21) and Total QBR (68), becoming one of the NFL’s biggest bargains. He earned $4 million in salary and signing bonus the past four seasons.

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