The Dallas Cowboys have signed their star quarterback Dak Prescott to a four-year, $160m deal, together with a document $126m assured, a number of sources reported on Monday.
The deal, which lastly was struck two years after negotiations started, comes a day earlier than a deadline to place the franchise tag on Prescott for a second straight 12 months at a wage cap cost of $37.7m.
Prescott performed on a $31.4m franchise tag in 2020 earlier than his season ended with a compound fracture and dislocation of his proper ankle in Week 5. He was on monitor for a profession season till the ugly harm with 1,690 passing yards within the first 4 video games, placing him on tempo to develop into the primary NFL quarterback to throw for greater than 6,000 in a season.
“The Dallas Cowboys agreed to phrases on a brand new contract with quarterback Dak Prescott on Monday,” the Cowboys stated in a press release. “Additional data and particulars can be launched at a proper press announcement on Wednesday.”
Prescott was not instantly accessible for remark, however a photograph of the quarterback celebrating the contract along with his brother, Tad, rapidly went viral on Monday night.
“When your little brother will get the decision,” Tad Prescott stated on Twitter. “Let’s go @dak time to win the @dallascowboys a Tremendous Bowl.”
If the settlement is long run, it figures to be the richest contract in franchise historical past. Proprietor Jerry Jones has signed three gamers to offers of at the very least $100m: former quarterback Tony Romo, defensive finish DeMarcus Lawrence and receiver Amari Cooper.
ESPN and NFL.com reported the primary three years of the contract common $42m per 12 months – together with an NFL-record $75 for 12 months one – and all the deal could possibly be price as much as $164m. The phrases embody a $66m signing bonus.
Earlier than the harm, the 27-year-old Prescott had began each recreation because the starting of his rookie 12 months after changing an injured Romo in the course of the 2016 preseason.
Prescott, drafted by Dallas out of Mississippi State within the fourth spherical of the 2016 NFL draft, gained the league’s Offensive Rookie of the 12 months award whereas main the Cowboys to the No 1 seed within the NFC and two years later gained his first playoff recreation whereas reaching his second Professional Bowl.
Negotiations on a brand new contract began the next offseason, when Prescott was going into the ultimate 12 months of a four-year contract that paid him a complete of about 4m as a fourth-round choose. That included $2m within the ultimate season.
Prescott acquired a 1,500% elevate along with his first franchise tag, which locked in one other improve for a second tag regardless of the wage cap taking place due to the NFL’s income dip within the pandemic.
With a brand new contract, the Cowboys ought to get wage cap reduction they’re anticipated to wish with the cap falling from $198 million to a risk of as little as $180 million. The cap has risen about $10 million per season for a lot of the previous decade.