Cowboys Still Expected To Try To Sign Dak Prescott To Long-Term Extension

Jeremy Fowler noted on ESPN that the narrative of the Cowboys not wanting to re-sign QB Dak Prescott to a new contract is false, adding that the team will likely try to get a deal done with their veteran quarterback.

Fowler spoke with someone with the team and is curious if the two sides can find “common ground” with Prescott holding “unprecedented” leverage in the situation.

He went on to mention that Dallas still views Prescott as their quarterback of the future despite having QB Trey Lance as a developmental quarterback and believes the team will also attempt to re-sign WR CeeDee Lamb and pass rusher Micah Parsons as well.

A previous report from NFL Media mentioned that the two sides had a mutual understanding entering Prescott’s contract year and no offers were expected to come, citing part of a quote from owner Jerry Jones. 

“He is willing to do everything he can to help us win,” Jones said, via Clarence Hill, “and so we are where we are. We have our contract, locked and loaded for this year. We can see as we move along how we are thinking, inclusive of everybody, including Dak. We’ll see what we do. I don’t have anything to report today.”

A team official said Dallas hasn’t ruled out signing Prescott to an extension this year but there’s some belief that it would be better for the team’s books to do it next year, per Michael Gehlken.

Prescott has a no-tag and no-trade clause in his contract, so if he wanted to test free agency after this season, there would be nothing in his way. 

Prescott, 30, 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 in 2020 when Dallas placed the franchise tag on him.

The following offseason, Prescott signed a four-year, $160 million contract that included $126 million guaranteed. The contract can top out at $164 million. 

In 2023, Prescott appeared in all 17 games for the Cowboys and completed 69.5 percent of his passes for 4,516 yards, 36 touchdowns, and nine interceptions. He added 55 carries for 246 yards and two touchdowns. 

We will have more news on Prescott and the Cowboys as it becomes available.