Sources tell Garafolo that the two sides are “really far apart” at this time in terms valuation.
Garafolo adds that it would make sense for the Prescott to try to get something worked out with the Cowboys, seeing as he’s set to make just $2 million for the 2019 season.
Last month, Ian Rapoport reported that the Cowboys have opened long-term extension negotiations with Prescott and the expectation is that he’ll be paid in the range of $30 million annually.
Cowboys owner Jerry Jones previously mentioned that the team won’t balk on signing Prescott to a long-term deal, so they clearly want to get a deal done.
“We’re sold on Dak, and we do want to have him for the long term,” Jones said via Pro Football Talk. “We think he’s worthy of investing in for the long term. . . .We see real upside in Dak. You don’t have it all yet.”
Prescott, 25, is a former fourth-round pick of the Cowboys back in 2016. He’s entering the final year of his four-year, $2.72 million contract and set to make a base salary of $720,000 for the 2019 season.
In 2018, Prescott appeared in all 16 games for the Cowboys and completed 67.7 percent of his passes for 3,885 yards to go along with 22 touchdowns and eight interceptions. He has also rushed for 305 yards and six touchdowns.
We’ll have more regarding Prescott and the Cowboys as the news is available.