The Dallas Cowboys have been making headlines all offseason due to the need for contract extensions for their superstar players. Are the Cowboys close to signing one of them?

Fans of the team know that Jerry Jones takes care of his own, but for some reason, two of the team’s biggest stars have not received the extensions they deserve.

As the offseason drags on and the season approaches, having the starting quarterback and wide receiver under contract would boost everyone’s confidence for the upcoming season.

According to some sources on social media, the contract for Dak Prescott could happen soon.

Dak Prescott Contract Extension

Much to the dismay of many fans, Dak Prescott is a key player for this team. He is currently in the final year of his contract and deserves a new one.

The final year of his four-year contract is $160 million, and he will earn $29 million this season.

As fans watch several other teams around the NFL sign their quarterbacks to new deals, many are left wondering, “What are the Cowboys doing?” This is a fair question, and hopefully, it can be put to rest with a new contract for the franchise player.

As reported by Jon Machota on X,

Cowboys QB Dak Prescott with the latest on his contract situation: “Good conversations are going on, I will say that. … A lot of confidence (that something will get done).”

— Jon Machota (@jonmachota) August 15, 2024

“A lot of confidence (that something will get done)”, this is music to the ears of Dak Prescott fans and fingers across a chalk board for the Dak non-believers.

According to Jori Epstein of Yahoo Sports, Cowboys executive vice president Stephen Jones said Wednesday he hopes the new deal “gets done before the start of this season. I mean that’s our goal.”

A contract extension for Dak Prescott would not only keep this team on an upward trajectory, but it may also help them entice CeeDee Lamb to agree to an extension as well.

Having both of these players under contract for the foreseeable future will create a ripple effect of enthusiasm across the team. This could be just what the team needs heading into the season.

Possible Contract Extension Cost

Dak Prescott is going to get top dollar in this extension, which may be his last big contact. What could the contract look like? For that answer, let’s look across the league at other quarterback contracts.

The top three contracts for NFL quarterbacks are Jordan Love, Trevor Lawrence, and Joe Burrow. These three quarterbacks are earning $55 million annually.

Trevor Lawrence and Joe Burrow are on five-year deals and Jordan Love signed a four-year contract.

These three quarterbacks would be the ones the Cowboys front office would look at the closest while constructing Prescott’s new deal.

The only issue with this would be that Dak Prescott’s stats and record are better than all three, and he knows it.

The front office would need to get close to $60 million a year annually to get him to consider signing.

The years of the contract could be where it gets tricky. Does the front office believe Prescott will continue his high level of play for more than four years? This could be the amount of years they aim for in the contract.

A four-year contract with a $60 million annual salary would equal $240 million. This would be about the going rate for a quarterback the caliber of Dak Prescott.

Front Office Ego’s

Any fan of the Dallas Cowboys knows Jerry and family have pretty decent-sized egos. The Jones’ also like taking care of their homegrown players. Could dragging out the contract be a ploy for headlines?

Jerry Jones is an expert-level businessman and what better way to stay in the headlines than to drag out a contract for a star player.

If we look around the league, we watched quarterbacks get signed to contracts with no issues. The Dallas Cowboys front office know what the contract is going to look like, but have they known all along?

Dragging it out to keep fans and the media on the edge of their seats seems like the perfect storm of headlines. No better way to stay relevant and continue to grow the business.

If this was really true, would it be surprising to anyone if this was the game plan all along? I don’t think it would.

Fans could let out a collective sigh of relief when the Dak Prescott contract is signed. It will be the first step to keeping the core players together for the future.

Here’s to hoping the contract gets signed soon, but the stories are still getting pumped out about the situation. So, don’t hold your breath.