The topic of Dak Prescott’s future has been a prominent point of discussion in Dallas, particularly following the unexpected elimination of the Cowboys from the 2024 NFL playoffs.
With Prescott’s contract set to expire after the 2024/25 season, the quarterback for the Cowboys, his only professional team thus far, has yet to finalize an extension.
Although there hasn’t been an urgent push to secure a new deal with Prescott, team owner Jerry Jones has frequently expressed his admiration for the MVP contender.
Jones is keen to avoid the prospect of facing a substantial “$36 million in dead cap space” if Prescott were to depart as a free agent next season.
However, Prescott himself provided an update on the status of the negotiations during a recent discussion, which is likely to be received positively by many Cowboys supporters.
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Contract Crunch: Dak Prescott’s Price Tag in 2024
Prescott is slated to receive a base salary of $29 million for the upcoming season, accompanied by a hefty $59.455 million cap hit.
However, the possibility of Dallas securing a long-term extension with the quarterback offers the potential to lower his financial obligations for the year 2024.
Following a stellar performance in the 2023 season, where he demonstrated consistency by participating in every game and leading the NFL with 36 touchdown passes, Prescott amassed a total of 4,516 yards and only nine interceptions.
With a completion rate of 69.5 percent and a notable passer rating of 105.9, he secured a second-place finish in MVP voting and attained his third Pro Bowl selection.
Despite his somewhat modest playoff record of 2-5, Prescott remains highly regarded as one of the premier quarterbacks in the NFL.
His contract includes several clauses, such as a no-trade provision and an inability to be franchise-tagged, making it impractical for Dallas to proceed into the next season with Prescott playing under the final year of his current agreement.
Therefore, the prevailing expectation is that Prescott will finalize a new contract shortly after the commencement of the new league year on March 13th.
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