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Dak Prescott’s Next Contract Looms Over Cowboys’ Financial Future

Even though his rookie contract goes through 2019, Quarterback Dak Prescott’s next deal is already one of the key issues facing the Dallas Cowboys. Preparing for that second contract, which could highly expensive, is critical as the team deals with the rest of the roster and prepares for the future.

As a fourth-round pick Prescott’s rookie deal is delightfully cheap. He counts just $726k and $816k against the salary cap over the next two seasons. You could hardly ask for better from a guy whose already been to a Pro Bowl.

But this financial grace period has a rapidly approaching end date. Dallas will soon have to pay Dak the standard for NFL quarterbacks, and the difference is staggering.

Consider what Jimmy Garoppolo just got from the 49ers; $137.5 million over five years. That’s an average of $27.5 million per season.

Yikes, right?

And think about this; while Garoppolo may look like the second coming right now, he still hasn’t accomplished what Dak Prescott already has.

Dallas Cowboys Well Represented In 2017 ESPY Awards 1
Dallas Cowboys QB Dak Prescott

Prescott has taken his team to the playoffs. He’s gone to the Pro Bowl. His career passer rating puts him in the Top 10, between Peyton Manning and Philip Rivers, on the NFL’s all-time list.

Yes, last year was a step backward. But if Dak gets back to rookie form, and there’s plenty of reason to think he will, then he will be able to use Garoppolo’s deal as the floor in negotiations.

Again… yikes!

The scary reality here is that the Cowboys will no sooner get out from under Tony Romo’s big contract then they probably have to get into a new one with Prescott. The last Romo’s dead money, $8.9 million, finally drops off after 2018.

We know how Romo’s cap hits, both while still playing and even after his release, have limited the Cowboys in free agency. That is an unnerving prospect for the future once Dak Prescott gets his next deal.

That’s why you see the Cowboys eating all of Dez Bryant’s dead money now. That’s why they’re potentially relying on so many recent draft picks like Chidobe Awuzie, Jourdan Lewis, Connor Williams and Michael Gallup to take on big roles for the next 3-4 years at their inexpensive rookie salaries.

That’s why Cole Beasley (2019 free agent) probably won’t be back next season, or why Sean Lee ($7 million cap relief) could easily be a cap casualty next year.

Clearly, Prescott’s next contract hangs over everything.

Dak Prescott
Dallas Cowboys QB Dak Prescott

Of course, nothing is certain. Prescott’s sophomore slump may devolve into something more, and the conversation could quickly change.

But Dak doesn’t have to be better than ever to earn the big money. He only has to get back to his rookie form; just do what he’s already done.

With the offensive line and Ezekiel Elliott hopefully back to their 2016 form and availability, Prescott should have the cushion to be the kind of QB that he was in that 13-3 season. And if he can get the Cowboys one step closer in the playoffs, such as an NFC Championship Game appearance, then Dallas will have no choice but to commit long-term.

While what the Niners gave Jimmy Garoppolo could be considered asinine for the lack of actual accomplishment so far, that doesn’t matter in terms of market value. The bar has been raised, and Dak won’t have to do much to clear it.

You know that Jerry and Stephen Jones see this as well as anybody, and every move the Cowboys make now is done with Dak’s future deal in mind. That’s the reality for any NFL team; dealing with the imbalance in QB compensation compared to the rest of the league.

Even if it’s still two years away, they have to prepare for it as if it’s guaranteed. Given what other QBs like Garoppolo, Kirk Cousins, and Matt Stafford are making right now, Dak doesn’t have to accomplish much more to make it happen.

What do you think?

Jess Haynie

Written by Jess Haynie

Cowboys fan since 1992, blogger since 2011. Bringing you the objectivity of an outside perspective with the passion of a die-hard fan. I love to talk to my readers, so please comment on any article and I'll be sure to respond!

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