At a very favorable moment, Dak Prescott is playing some of the finest football of his NFL career.
In 2021, Prescott inked a $160 million, four-year contract extension with the Dallas Cowboys. The agreement is scheduled to end after the 2024 season. Given that Prescott’s salary cap for the upcoming season is approximately $60 million, the Cowboys will almost certainly need to renegotiate the deal this offseason.
Prescott is therefore eligible for yet another significant extension. By mid-March, when Prescott is due a $5 million roster bonus, the Cowboys and Prescott are anticipated to reach an agreement on a new contract, according to a report from Ian Rapoport of NFL Network on Sunday.
“It appears that he will become significantly wealthier. According to Rapoport, Dak Prescott “is playing his way into a new deal.” The Cowboys and their quarterback are reportedly planning to work toward settling on a lucrative new contract extension this offseason, according to sources. The fact that his contract expires in 2024 is significant since, in addition to a no-trade clause, it also includes a no-tag clause. He has a $60 million cap number for 2024, so the Cowboys will have to play with that through March if they don’t sign a new contract before free agency.
Prescott already has enormous influence.
By the end of the season, he might have even more, particularly if he leads the Cowboys to a successful postseason run.
In his last seven games, Prescott has thrown 21 touchdown passes against just two interceptions. After leading the Cowboys to a thrilling victory over the Seattle Seahawks on Thursday, he sent a message to his doubters.
Prescott might become the highest-paid player in NFL history this offseason if he keeps up his current level of play.
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