Adam Schefter of ESPN reports that Cowboys QB Dak Prescott has a loss of value and disability insurance policies along with multi-year endorsement deals that are valued at over $50 million, which may explain why he isn’t pushing to have a long-term agreement in place.
Prescott is protected against a potentially career-ending injury and his endorsement deals are worth more than what some starting NFL quarterbacks are making, according to Schefter.
Prescott hasn’t been in a rush to get a contract worked out with the Cowboys unless it’s one he believes is fair. Schefter says that the two parties have been discussing a new deal, but Prescott feels as though he doesn’t need to have a deal in place this season.
Prescott and WR Amari Cooper are the two most notable extension candidates remaining.
The Cowboys will have the franchise tag available if need be in the coming years.
David Moore reports that negotiations between the Cowboys and Prescott are continuing but it’s unclear if they will have a deal in place at some point int he near future.
Last week, Ed Werder of ESPN reported that the Cowboys are continuing efforts to sign QB Prescott and Cooper to contract extensions following the record deal they agreed to with Elliott.
According to Werder, Dallas has remained focused on Prescott and are making a “late run” to get him signed long-term. However, Werder says there’s nothing imminent with Cooper at this time.
The Rams just locked up QB Jared Goff to a four-year, $134 million extension that includes an NFL-record $110 million in guarantees, so you can expect Prescott to be looking to top these figures in his next deal.
A report surfaced a few weeks ago that Prescott turned down an offer from the Cowboys that would pay him $30 million a year and is instead seeking $40 million per year from Dallas. However, reports later mentioned that this was “somewhat misleading.”
The expectation has been that Prescott will end up between $34-$35 million when all is said and done.
Prescott, 26, 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.