Report: Dak Prescott’s deal is for four years, $160 million

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A year ago, Dak Prescott wanted a four-year deal. The Cowboys wanted him to sign on for five.

The sides couldn’t agree, and the quarterback played 2020 under the $31.4 million franchise tag.

It sent them back to the negotiating table this offseason, and now they have reached agreement on a long-term deal. The team announced it had come to terms on a deal but provided no details. Ian Rapoport of NFL Media filled in some of the numbers.

Prescott, 27, will get a four-year, $160 million deal with potential to earn another $4 million. He also gets a no-trade clause and no-tag clause, and $126 million is guaranteed.

The first three years average $42 million per year, per Adam Schefter of ESPN, and includes $66 million to sign and $75 million in year one, the most in NFL history.

Prescott cost the Cowboys more than he would have had the team reached agreement earlier in his career, but they ensured the former fourth-round choice will be around beyond this season.

Owner Jerry Jones long has expressed confidence that in Prescott the Cowboys have their quarterback of the present and the future.

Prescott is 42-27 in the regular season in his five-year career, with a 1-2 postseason record. He has passed for 17,634 yards with 106 touchdowns and 40 interceptions.

Prescott was leading the league in passing yards with 1,856 before the compound fracture and dislocation of his right ankle in Week 5 against the Giants. He underwent immediate surgery and a second surgery in December.

70 responses to “Report: Dak Prescott’s deal is for four years, $160 million

  1. DAK: “I want a new contract”
    JERRY: “No”
    DAK: *blows up leg*
    JERRY: “Ok you convinced me. Here’s $160 million”

  2. Jerrah finally assured the Cowboys of four years of solid mediocrity. I guess he thinks that’s better than one year on then one year off.

  3. That seals it, no Super Bowl appearance for the Cowboys for the next four years.

  4. So much for the Cowboys are going to trade Dak rumors.

    Next we’ll find out that Wilson is staying in Seattle.

  5. Let me predict what’s coming next: The Cowboys will soon be approaching a number of Cowboys players to take pay cuts or risk being cut so that they can pay Dak all the money.

  6. Unless they are holding a future Hall of Fame QB, it seems like teams are better off resetting every 5 years. How are you supposed to build a great roster if 20-25% of your cap is going to one player?

  7. DAK: “I want a new contract”
    JERRY: “How about $120 million?”
    DAK: “Sounds good!”
    JERRY: “Ok, ok… Here’s $160 million”

  8. So basically almost one quarter of the 2021 salary cap. (66M signing/projected cap 180M)

  9. $40 mil a year and all you have to do is win 7 games a year to make the playoffs.

  10. Man… what a sad day for Cowboys fans. Who knows how Dak’s going to look after he comes back from a horrific injury ankle injury, but let’s give him a massive contract!

  11. This is why Dallas is about winning 7 or 8 games a year in a putrid division for the next four years. Then again, that might give them four division titles for $160 million.

  12. Wow, this actually makes the Vikings look frugal for throwing away all that money on Cousins.

  13. DAK: “I want a new contract!”
    JERRY: “You blew out your leg, so how about $120 million?”
    DAK: “Sounds good!”
    JERRY: “Ok, well, we do things bigger in Texas… So here’s $160 million!”

  14. So much hatred for Cowboys QBs…. Romo and Dak are top 10 QBs in their eras. When you have that, you need to hold on to them.

  15. 1. Dak is a good QB, he is a lot better than just average.

    2. Its very hard to get a good QB. Even highly drafted QBs have a high bust rate.

    3. Lets say Dak is over paid by 4MM/year, thats not the end of the world. It just means don’t sign one crappy free agent.

    Its a good deal for Dak, and the market rate for Dallas. It will pinch a little. But had they not paid Zeke so much it wouldn’t matter.

  16. now qbs will make 40m. wrs 20m and cbs 18m. thats almost 50% of cap on 3 players. this will be brutal for the future of the game

  17. So much hatred for Cowboys QBs…. Romo and Dak are top 10 QBs in their eras. When you have that, you need to hold on to them.

    ——————————————————

    What’s their playoff record?

  18. He better come back from that ankle injury throwing like Warren Moon but I just dont see it … Elliot is gone in 2022.

  19. good for jerry. he’s feelin’ all spendy with all the money he recently made off the misery of others.

  20. Reminder: Tom Brady, the winningest QB in NFL history, won a Super Bowl on a $25 million salary.

  21. Wow ! Good luck to Dallas fielding a team that can win a playoff game,let alone make the playoffs. He’s good but no where near elite.

  22. I would of franchise him because you don’t how he is going to play after having a significant leg injury

  23. hawkwind8 says:
    March 8, 2021 at 7:23 pm
    So basically almost one quarter of the 2021 salary cap. (66M signing/projected cap 180M)

    ——————————

    That’s not how the cap works! The reason teams give players such large signing bonuses is because unlike salary which hits the cap in the year it is paid, signing bonuses are spread out over the length of the contract. So Dak’s cap hit in Year 1 will be $66M divided by 4 ($16.5M) plus his salary $9M = $25.5M
    So, only about 14% of the cap. NOT the 25% you mistakenly claimed

  24. The Cowboys offensive line isn’t what it was a few years ago. Not even close. Good luck Dak! Thank your lucky stars your owner and his son have tons of money now since Texas froze a couple weeks ago. Love me some Forida!

  25. Good for Dak. He is better than 80% of the guys in the league. Who is better than him besides Brady, Rogers, Wilson, Mahomes, Brees, Allen? No one else playing has done anything more than him and I am a Giants fan. Don’t name Watson, Murray, Burrow, Baker, Jackson none of them have accomplished anything more than Dak.

  26. I like Dak, I think he’s good, but it’s hard to say he qualifies for that kind of contract. Did the ‘Boys get fleeced a bit…maybe. The problem with these giant contracts is it keeps teams from building around the QB.

  27. wow! That’s why the Cowboys have been a 500 team for the last two decades…

  28. I would trade him, get the picks and grab a qb in the draft. He’s not worth anywhere near 40 million

  29. Ridiculous. I guess Jerry needs to be a savvy business man so he can make a pile of money to blow it all on being a lousy GM

  30. Well, Washington is in great position in that division now. What is the matter with these dumb teams?

    Look at the money tied into the OL players, Zeke and now Dak. Their D blows, the coach blows, their team is in a cap hell for years.

  31. Jerry
    Remember when bad business decision made you go broke?
    History has a funny way of repeating itself

  32. Solid business decision made by the Cowboys. Should owners go through concussion protocols?

  33. Im all for these guys breaking the bank…but you will never see that money pay off with a super bowl….Enter Tom Brady…the Goat..always taken a modest salary so he had decent players to play with…i bet he wouldnt trade his 7 rings for the 100 million he gave up in his career either.

  34. hawkwind8 says:
    March 8, 2021 at 7:23 pm
    So basically almost one quarter of the 2021 salary cap. (66M signing/projected cap 180M)

    Not only do you not get math (66/180 is nearly 37% or more than a third), but you clearly do not know how the salary cap works. Signing bonus is pro rated over the life of the contract, so 16.5m pr year. Combined with his salary this year, he will earn 9m this year, so a total of 25.5m this year, or 14% of the cap, assuming the floor of 180m, and not taking into account the rolled-over amount the Cowboys have.

  35. Way to much Dak Prescott. Don’t get me wrong Dak is a good solid above average QB but he is NOT an Elite caliber QB and he definitely isn’t a generational type QB talent. If I were Jerry Jones there is NO WAY ON EARTH I’d Pay Dak $42 MILLION PER YR over his first 3yrs, that’s just way to much for Dak. Look at the QB Market, it’s A LOT EASIER to draft a QB these days than it was even just 7-10 years ago as most young QBs that come out succeed in the league now. Dallas picks 10th this year they could draft a franchise type QB talent especially if they decide to move up a few spots though they could even trade down a few spots adding even more higher rd picks and could still land a talented QB. I’d much rather draft a young QB getting him on a DIRT CHEAP rookie contract and then build around him, I mean with all the weapons Dallas already has imagine what more they could add with a young QB on a rookie deal. And if you have an elite nasty NFL and excellent OL with an elite top 3 rushing offense loaded with play makers at WR/TE you can win and get to a Super Bowl with a good chance to win it with an Average or Above Average NFL QB, and having a young NFL QB on a rookie deal allows you to build or configure team just like that. That’s what I would of done as opposed to paying Dak all that cash and I’m surprised Jerry Jones did as Jones just ensures Dallas will NEVER Win another Super Bowl in his Lifetime which is kinda sad considering all he did for Dallas, Dallas area and youth sports and the NFL in general.

  36. mortyglickstein says:
    March 8, 2021 at 8:35 pm
    Good for Dak. He is better than 80% of the guys in the league. Who is better than him besides Brady, Rogers, Wilson, Mahomes, Brees, Allen? No one else playing has done anything more than him and I am a Giants fan. Don’t name Watson, Murray, Burrow, Baker, Jackson none of them have accomplished anything more than Dak.
    ————————————-

    Literally almost all of those young QBs are far more gifted QBs than Dak is in guys like DeShaun Watson, Kyler Murray, Joe Burrow and Lamar Jackson and the only reason those guys haven’t accomplished more (though one has already) is because they’ve only been in the league 1-2yrs for the most part and haven’t been in as long as Dak Prescott.

    Both Watson and Kyler Murray did more and were better in their 1st 2yrs than Dak Prescott was especially Kyler Murray who not only did he also win both Rookie of the year and get voted to the Pro Bowl in his 2nd year but he is a far better far more natural of a passer than Dak is ( Probably why Murray ranked as Football Outsiders #1 deep ball passer n PFFs #5th ranked deep ball passer as a rookie n 2019) but Murray also is a FAR FAR more gifted athlete than Dak Prescott is with Murray possessing elite 4.3 speed which is why as a ROOKIE Murray became only the 2nd rookie QB n just 5th QB EVER to pass for 3700+YDs n rush for 500+YDs and in Murray’s 2nd NFL season ranking as a top 10 QB with an elite 83.8 overall grade Murray ranked as PFFs #1 ranked rushing QB becoming THE ONLY QB Ever to pass for 3900+YDs n rush for 800+YDs with 11TDs all in just his 2nd season. And Murray didn’t go to a good Dallas team, Murray went to a bad team at the time who was drafting #1 overall and HE STILL Absolutely Balled out and will only be that much better in YR3 especially with AZ adding another true #1WR either in FABor thru the draft to pair with DHOP which would mean teams could no longer double or triple Hopkins without paying a big price and matched up 1 on 1 Hopkins would be unstoppable.

  37. For everyone who’s not a Dak fan – he’s a starting NFL QB. There is no “middle ground” for NFL QBs (other than Brady, who chooses to get paid less in order to allow his team to be competitive).

    Starting QBs are in the $30-35 million range right now. Franchise tags raise that number. I don’t agree with the idea that every new contract has to be higher than the last guys, but that’s how the NFL works for top guys.

    I’m sure they tried this, but it seems like they could’ve said “if we tag you again your salary will be $37 million – lets pay you that for 4 years”. Or if paying him $40 million, insist on a 5 year deal – which allows the team to spread the bonus out more. But they probably tried that.

  38. mortyglickstein says:
    March 8, 2021 at 8:35 pm
    Good for Dak. He is better than 80% of the guys in the league. Who is better than him besides Brady, Rogers, Wilson, Mahomes, Brees, Allen? No one else playing has done anything more than him and I am a Giants fan. Don’t name Watson, Murray, Burrow, Baker, Jackson none of them have accomplished anything more than Dak.
    ——————————————————————————————
    What has Prescott accomplished ? He went 13-3 in 2016 his first and the Cowboys had home field advantage for the playoffs and were the favorites to win the SB only to lose in the first round . His only other playoff appearance was in 2018 winning a wild card game then losing in the divisional round . To recap he had the best team in football only to flame out in their first game in 2016 and since then he’s won 1 wild card playoff game . Since he’s been in the league other QB’s who have won wild card games are Mariota , Foles and Cousins . Not exactly elite company to be keeping . Prescott is being paid big money for accomplishing very little. If the goal is to have a QB who’s stats look good but not great on paper Prescott is your guy. If your goal is to win SBs to this point Prescott has proven not to be that guy .

  39. I think that every outlet who printed a story about Jerry being unfair owes him an apology. This is the best contract any player has ever signed in this league.

  40. Jerry, “The Deal Maker,” got himself into this position by paying max contracts because he keeps thinking being a Dallas Cowboy is worth some sort of discount, it is not for players. He could have paid Dak Cousins type money 3 years ago, but no he pays top dollar again. Jerry the Deal Maker paid Zeke top dollar because he kept waiting for that discount but it came down to paying Zeke exactly what his agent wanted or the embarrassment of him waling. Seems to be a pattern. Similar for D-Law.

    D-Law and Zeke have yet to perform up to their contracts.

  41. Can teams really afford to apply 25% of their cap toward 1 player and expect to win? The only way they can do it is if they’ve hit multiple homeruns in recent drafts and have superstars at other positions playing on their rookie contracts. Similar to Tampa Bay last year. And even they weren’t paying Tom Brady this much. The Cowboys won’t win anything with this contract, similar to the Seahawks not being able to do anything with a borderline elite QB in Wilson.

  42. Let me get this right….a mid-level talent quarterback coming off a serious ankle injury is now the highest paid player in history!?
    Seriously, did Jerry Jones have a series of mini-strokes or is it just cognitive decline?

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