Dak Prescott Signs $160M Extension With the Dallas Cowboys

Dak Prescott With Cowboys Background

  • Dak Prescott has signed a four-year extension with the Dallas Cowboys worth $160M.
  • Prescott has a 47-27 career record with 17,364 passing yards, 106 touchdowns, and 40 interceptions.
  • The Cowboys are 10th in the current Super Bowl LVI oddsboard at +2500.

The Dallas Cowboys and QB Dak Prescott have finally reached a deal. According to a team announcement on Monday, Prescott has agreed to a four-year deal worth $160M.

Prescott will receive a signing bonus of $66M, the biggest in the history of the NFL. His first year salary is also a record $75M and he will earn an average of $42M per year during the first three seasons. The deal has a maximum value of $164M including $126M in guaranteed money. It also includes a no-trade clause and a no-tag provision.

It Took a While

Prescott played under the franchise tag in 2020 but after he suffered a gruesome injury, many wondered if the Cowboys would be able to sign him to a long-term deal without placing the tag on him again or potentially face the risk of losing him outright if they avoided using the franchise tag.

The Cowboys knew all along that Prescott would be their quarterback for the present and the future and Prescott had always said he wanted to re-sign with Dallas. However, the unwillingness of both sides to bend in their desired contract length complicated the negotiations. The Cowboys wanted him to commit for five or more years but Prescott insisted on four.

It took the two parties three offseasons, several mega-million offers and plenty of hours of negotiation before a deal was finally struck. Now that it’s done, the Cowboys can now focus on the bigger task at hand, and that is to build a team around Prescott so that Dallas can contend for the Super Bowl.

Cowboys +2500 to Win Super Bowl LVI

Despite losing six of their first seven games without Prescott, the Cowboys finished the 2020 season with a 6-10 record, tied for second place in the NFC East and just one game behind division winner Washington.

They head to the upcoming NFL season as the odds on favorite to win the NFC East division at +115. Dallas also 6th best odds to win the NFC at +1200 and they also have the 10th best odds to win Super Bowl LVI at +2500.

Dallas has missed the playoffs in three out of the last four seasons and has not made it to the Super Bowl in 25 years. But with Prescott expected to make a full recovery during the offseason and locked up for four more years as the second highest-paid QB in the NFL, the Cowboys are optimistic about their return to the postseason and their future in general.

4th Round Pick in 2016

Prescott was the Cowboys’ 4th round pick in the 2016 NFL Draft out of Mississippi State. Intended to be a backup during his rookie season, Prescott was thrown into the limelight after starting QB Tony Romo was injured during the postseason.

As an NFL freshman, Prescott led the Cowboys to the best record in the NFC while setting rookie quarterback records. Dallas lost to the Green Bay Packers in the wild card round. After a spectacular rookie campaign, Prescott won 2016 Offensive Rookie of the Year honors and was also named to the Pro Bowl.

In five NFL seasons, Prescott has recorded a team-record seven 400 passing yard games, and 24 rushing touchdowns which is the most ever by a Dallas quarterback. He also ranks second to Tony Romo with 15 300+ passing yard games and is the owner of 15-game winning drives. He has posted a career record of 47-27 with 17,364 passing yards to go along with 106 touchdown passes and 40 interceptions.

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Shane Acedera / Author

Shane grew up watching the Magic & Bird rivalry but ended up rooting for Detroit's Bad Boys team in the 1990s NBA. He loves to tell sports stories and has been writing about sports since high school. When Shane isn't busy jotting down his thoughts, he's just chillin' at home with his wife Rocelle and their two dogs named Horry and Fisher. He recently added a new family member, adopting a handsome retired K-9 named Ranger.