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Dak Prescott, Cowboys Have Plenty of Time to Reach an Agreement

Today is Monday, July 13th, and the Dallas Cowboys franchise quarterback still doesn’t have a long-term contract. Dak Prescott‘s representatives and the Cowboys’ front office have just under 56 hours to hammer out an agreement before Prescott’s $31.4 million franchise tag number locks in for 2020. If that occurs, the two sides wouldn’t be able to come to finalize his next deal until January 3rd, 2021.

The details remain sketchy about where the two sides are in their negotiations, though there’s a rough framework that sits at about $145 million in total money over four or five years. Talks have been complicated by the COVID-19 pandemic, which threatens to change the revenue projections for 2020, therefore impacting the salary cap for 2021.

Though it would seem unlikely that Patrick Mahomes’ 10-year extension would change things for Prescott and the Cowboys — mostly because of the length and money included in the deal — it’s impossible to rule it out.

On Prescott’s side, he could argue for a higher percentage of guarantees or perhaps a higher average annual value. On the Cowboys side, they could go back to the six or seven-year contracts they were offering in the early stages of discussions.

Last week, Jeremy Fowler of ESPN reported that the Dallas Cowboys “are not worried” about Prescott’s contract situation. He even went as far to say that the Cowboys would “play this all the way up to the deadline.” Now, Calvin Watkins of the Dallas Morning News reported yesterday that the two sides “are not close” on a new long-term contract.

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Situation could change before July 15 deadline but a source said Sunday afternoon Cowboys are not close to reaching a multi-year contract with QB Dak Prescott. He would enter 2020 season on $31.4M franchise tag if no deal by deadline.

The two sides have been split over the length of the next agreement. Prescott’s team is seeking a four-year commitment to be a free agent again just after the new network broadcasting deal with the NFL renews. The revenue is expected to increase substantially and will create a significant bump in the player’s portion of the revenue through the salary cap. With a four-year deal, Prescott would be a free agent again after the 2023 season before turning 32.

The Dallas Cowboys have long hoped they could have Prescott on a five to seven-year deal. From a salary cap accounting perspective, the longer the term of the contract, the more flexibility it gives a team to manipulate the contract to help their salary cap situation.

We’ve heard for years that deadlines make deals, and it’s proven true for the Cowboys when they’ve had players on the franchise tag.

In 2015, the Cowboys got Wide Receiver Dez Bryant signed to his long-term agreement on the July 15th deadline. There was mutual interest from both sides to get a deal done, and a deal got done.

In 2019, with DeMarcus Lawrence on his second franchise tag, the Cowboys were able to finalize a deal with their premier pass rusher in early April. Though it was three months before the actual July 15th deadline, Lawrence needed to have shoulder surgery and have time to rehab before the start of the 2019 season. While it was a soft deadline for Lawrence, there was an understanding that he’d need the surgery and four to five months of rehab to be ready for week one of the 2019 season. By April, the two sides were motivated enough to get a deal done, and a deal got done.

It feels like these negotiations have gone on for an eternity. For the last year and a half, the Cowboys and Prescott’s representatives have gone back and forth at the negotiation table and in the media to get a deal done. One thing that has been consistent from all parties involved is their desire to be in each other’s lives for the long haul.

Dak Prescott wants to be a member of the Dallas Cowboys for the entirety of his career. The Dallas Cowboys believe Dak Prescott is their franchise quarterback. There’s mutual interest in getting a deal done. When there’s interest from both sides, deals get done. As they approach Wednesday, July 15th, a contract that keeps Dak Prescott with the Cowboys through his prime seems inevitable with an outside shot that they the extraordinary circumstances put these negotiations off another six months.

What do you think?

John Williams

Written by John Williams

Dallas Cowboys optimist bringing factual, reasonable takes to Cowboys Nation and the NFL Community. I wasn't always a Cowboys fan, but I got here as quick as I could.

Make sure you check out the Inside The Cowboys Podcast featuring John Williams and other analysts following America's Team.

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  1. We fans are sick of DAK and jerry Jones pony show! I hope they don’t have a season this year greedy overpaid pos

    • I am glad to see you have been authorized to speak on behalf of all fans. I am sick of Jerry, but Dak has been a solid player, team leader and role model on and off the field. If Jerry did not play games with Dak and make him play out his entire rookie deal at significantly less than market value I would give him a pass. But that is what he did. Complaining about millionaire athletes is old. They generate billions of dollars and put their health on the line. Why should owners receive billions of dollars while sitting in their cozy suites and players not be compensated?

      • So untrue. Jones DID NOT make Prescott play on a rookie deal. AND even if he did, that is what Prescott signed as a FOURTH ROUND ROOKIE. Absolutely nothing wrong with him playing under the terms of a contract he signed.

        BUT HERE ARE THE FACTS. Prescott was offered a VERY GENEROUS DEAL, EARLY LAST YEAR. LAST YEAR! Prescott refused to sign then and HE has been dragging this process out UNTIL NOW. He was offered approximately $34-$35 million a YEAR.

        Love the misinformation, “PLAYERS NOT BEING COMPENSATED”. These players are making more money IN ONE YEAR than most people won’t see in multiple LIFETIMES. JUST DO THE MATH. Average person in US makes about $50k. It would take the average American 700 YEARS to make the $35 million this guy would have made in ONE YEAR, but TURNED DOWN LAST YEAR.

        “PLAYERS NOT BEING COMPENSATED” IS COMPLETE BULLSHIT!!! BTW, without these owners, there would be no PLAYERS, PERIOD.

  2. U do have a point James. For a long time the owners had a monopoly and could manipulate the player at their whim. Now that the players have wised up pushed back they are labeled selfish.

  3. I agree with you too James. Players have made themselves available to play when their bodies were battered, beatdown, and abused to appease these greedy owners, and until recent years have had nothing to show for the service to the team but a broke body and bank account. We the fans need to realize that professional sports is a business and these players have a short shelf live and need to maximize every dollar of earnings they can before they are cast away. If fans feel players are receiving too much money and they aren’t worth it, stop supporting sports. Every dollar you spend to go watch games in arenas, sportsbars, or at home(DirecTV) or buying your favorite team’s merchandise then their will be no revenue paid to the franchises. Thus players not receiving millions of dollars, nor owners receiving billions of dollars.

    • NO ONE is forcing these people to play pro football. If they do not want to be “battered”, than they should pursue a different line of work. And if they have “broke bank accounts”, whose fault is that.
      During their “short self live”, most of these players make more money in one year than average American makes in MULTIPLE LIFETIMES.

      BTW, a lot of people ARE turning off!!!

  4. That was so well put brother. Actually, that is my stance through the whole process but I did not take the time to articulate it. Well said.

  5. Vam, of course it was Jones who made Dak play out rookie deal because when they made the offer, they included a fifth year and he was not in agreement with that. As far as rookie deals are concerned, they are torn up and renegotiated all the time. Geoff, Wentz, Zeke just as examples. You say there would be no players if there weren’t any owners. That makes my argument. They need to share wealth. But yo, you got anger issues. So many words in all caps?? Then for your finale, you say people are turning the sport off? No, only Trump loving hateful people like you are turning off. If you have a problem with Dak getting paid, don’t watch. But don’t come at me with all your hateful rhetoric. Go to a Fox News board where you will fit right in. My statements were only opinion and did not change anything in the universe, but damn, it sure bothered you??

  6. Vam, ps…I never said the players are not compensated, only that I do not begrudge them getting compensated the way they do because of the revenue they generate. Now, have a hateful day.

  7. Appears to me that the owners and finally now the players are both making alot of money. It’s no different then any other entertainer ie. (Actors or Musicians) who can make exorbitant amounts of money It’s market driven and if the consumer wasn’t shelling out the money they wouldn’t exist.. We have the option as consumers to spend money in support of that or not.

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