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Dak Prescott Signs Franchise Tender, What’s Next Before July 15th Deadline?

The Dallas Cowboys have been working to finalize a long-term deal with Quarterback Dak Prescott for quite awhile. With the July 15th deadline vastly approaching, it was reported by ESPN’s Adam Schefter on Sunday that Prescott intended to sign the exclusive franchise tender that would pay him 31.4 million.

On Monday, Prescott put ink to paper and locked himself in for 2020. In a surprising move, he took to Instagram to celebrate signing his tender with a picture of himself in uniform and a Cowboy hat, tipping his cap so to speak to the organization and fan base and putting to bed any doubts about his commitment going forward.

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Prescott is now set to be the seventh-highest paid quarterback in the NFL in terms of average annual salary in 2020. The only players at the position that will make more will be Russell Wilson ($35 million), Ben Roethlisberger ($34 million), Aaron Rodgers ($33.5 million), Jared Goff ($33.5 million), Kirk Cousins ($33 million), and Carson Wentz ($32 million).

Now that he’s set for the upcoming season, what’s next?

Even though he’s been absent from the Cowboys virtual offseason, there hasn’t been any rift between Prescott and the organization during negotiations. The final sticking point to secure this deal is the length of the contract, with the Cowboys wanting a five-year deal to spread out finances and Prescott wanting a four-year deal in order to cash in again under the new salary cap structure provided by the new CBA and new television deals.

The latest offer from the Cowboys was reportedly a five-year, $175 million deal with $106 million in guaranteed money, which averages out to $35 per year, putting Prescott on par with the aforementioned Wilson. In order for the Cowboys to lock in Prescott on a five-year deal, they’ll likely have to increase the guaranteed money, considering Prescott wants to renegotiate in the next 2-3 years once the salary cap explodes with the new television revenue.

Deadlines make deals so you can expect talks between the organization and Prescott to ramp up before the July 15th deadline. The tag number for quarterbacks in 2021 is around 37.7 million so it’s important for the Cowboys to get their guy secured for the long haul.

One thing we know is that Prescott is on board for the upcoming season. Now, there’s nothing more to do than to patiently wait through the final stage of negotiations between the two sides which by all indications will end in a lucrative long-term deal for Prescott.

What do you think?

Matthew Lenix

Written by Matthew Lenix

I write dope stuff about the Dallas Cowboys and what not.

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  1. Start by getting the rookies signed.
    Then reach out a final time to Griffen and get his absolute best offer.
    Sign Dak and increase salary cap space.
    See if Griffen fits in alloted cap space.
    Leave $3 million available for emergencies.
    Go win some games!

  2. Dak again did the right thing for the team as he will be there for all camp and really has missed nothing as all there were was some computer sessions up to now. As the story notes, Dak is still underpaid as he is the seventh paid QB but ranks #5-#6 rated QB in the league. So, at 31 million , Dak continues to be a bargain.
    Let’s hope the Boys do not waste Dak’s action and the team’s savings by something stupid like giving next year’s top draft and 20 million/ year to a strong safety in Adams.

  3. I think we can officially put the Adams signing with the cowboys to rest (please). No way a STRONG safety (with 2 picks in 2 yrs)) warrants the type of contract he wants. He is a great athlete who plays in the box. He’ll wow u his athleticism get a few sacks and strips but he looks like more of an athlete then player to me.

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