The two sides will continue talks on a long-term deal after securing his rights for 2021 with the tag, per La Canfora.
La Canfora writes Prescott is expected to make a full recovery without any long-term issues as long as he avoids an infection following his compound ankle fracture. As a result, Dallas is prepared to tag him for the second straight year at nearly $38 million.
While the cap is set to drop precipitously to as low as $175 million, La Canfora notes Cowboys owner Jerry Jones has a deep-seated affinity for Prescott and views him as an essential piece of the team’s Super Bowl hopes.
Prescott, 27, is a former fourth-round pick of the Cowboys back in 2016. He played out the final year of his four-year, $2.72 million contract and was in line to be an unrestricted free agent this offseason when Dallas placed the franchise tag on him.
In 2020, Prescott appeared in four games for the Cowboys and completed 68 percent of his passes for 1,856 yards, nine touchdowns and four interceptions. He also rushed for 93 yards and three touchdowns.
We have him included in our Top 50 – 2021 Free Agents list.