Luke
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or rather, agrees to extension
fyi..
March 8th, 2021 at 5:50pm CST by Sam Robinson
This is breaking news. Please refresh for updates.
The Cowboys’ two-year negotiation saga with Dak Prescott is over. The team announced it has an extension agreement in place with its five-year starting quarterback.
This will prevent Dallas from having to tag Prescott for a second time, at a $37.7MM price, and give the franchise long-sought-after quarterback security. This deal comes after a few reports indicating increased optimism appeared present in Round 3 of the parties’ negotiations, and such reports turned out to be prescient.
The numbers are in. This is a major win for Prescott. The five-year veteran agreed to a four-year, $160MM contract, Adam Schefter of ESPN.com tweets. He will receive an NFL-record $126MM guaranteed, with Schefter adding that the deal will come with $66MM at signing and $75MM in Year 1 (Twitter link). This monster accord will come with a no-trade clause and will prevent the Cowboys from tagging Prescott again in 2025, Ian Rapoport of NFL.com tweets.
Should these figures hold up, the NFL now has two $40MM-per-year players — Prescott and Patrick Mahomes. While Mahomes’ $45MM-per-year deal is a Chiefs-friendly accord, in that it is a 10-year pact, Prescott’s tops Deshaun Watson‘s contract in terms of traditional quarterback pacts. The Cowboys, after haggling with Team Dak for nearly two years, made an aggressive push to finalize this deal Monday, Schefter tweets. The team became more amenable to a shorter-term Prescott pact, per Ed Werder of ESPN.com (on Twitter) this time around. The Cowboys had previously sought a five-year contract for their quarterback; that ended up prompting Prescott to play last season on the tag.
Prescott, 26, became extension-eligible after the 2018 regular season ended. The former fourth-round pick and Offensive Rookie of the Year played the 2019 season on his rookie deal and played the 2020 slate on the franchise tag. A day ahead of the 2021 franchise tag deadline, the sides will wrap up this process. By avoiding the $37MM-plus payment clogging up their cap, the Cowboys will have more free agency funds.
fyi..
March 8th, 2021 at 5:50pm CST by Sam Robinson
This is breaking news. Please refresh for updates.
The Cowboys’ two-year negotiation saga with Dak Prescott is over. The team announced it has an extension agreement in place with its five-year starting quarterback.
This will prevent Dallas from having to tag Prescott for a second time, at a $37.7MM price, and give the franchise long-sought-after quarterback security. This deal comes after a few reports indicating increased optimism appeared present in Round 3 of the parties’ negotiations, and such reports turned out to be prescient.
The numbers are in. This is a major win for Prescott. The five-year veteran agreed to a four-year, $160MM contract, Adam Schefter of ESPN.com tweets. He will receive an NFL-record $126MM guaranteed, with Schefter adding that the deal will come with $66MM at signing and $75MM in Year 1 (Twitter link). This monster accord will come with a no-trade clause and will prevent the Cowboys from tagging Prescott again in 2025, Ian Rapoport of NFL.com tweets.
Should these figures hold up, the NFL now has two $40MM-per-year players — Prescott and Patrick Mahomes. While Mahomes’ $45MM-per-year deal is a Chiefs-friendly accord, in that it is a 10-year pact, Prescott’s tops Deshaun Watson‘s contract in terms of traditional quarterback pacts. The Cowboys, after haggling with Team Dak for nearly two years, made an aggressive push to finalize this deal Monday, Schefter tweets. The team became more amenable to a shorter-term Prescott pact, per Ed Werder of ESPN.com (on Twitter) this time around. The Cowboys had previously sought a five-year contract for their quarterback; that ended up prompting Prescott to play last season on the tag.
Prescott, 26, became extension-eligible after the 2018 regular season ended. The former fourth-round pick and Offensive Rookie of the Year played the 2019 season on his rookie deal and played the 2020 slate on the franchise tag. A day ahead of the 2021 franchise tag deadline, the sides will wrap up this process. By avoiding the $37MM-plus payment clogging up their cap, the Cowboys will have more free agency funds.
