The Cowboys have lastly roped in quarterback Dak Prescott with an agreeable long-term contract. ESPN’s Adam Schefter reported Monday that Prescott and Dallas officers have come to phrases on a four-year, $160 million deal.
As a substitute of paying Prescott as a franchise-tagged player for the second consecutive 12 months, the Cowboys have locked him up via the 2024 season. After Prescott earned $31.4 million in assured cash enjoying on the tag in 2020 — and coming off an ankle harm that restricted him to 5 games — he needed a mix of short-term safety and long-term flexibility. He ended up getting each in what additionally labored out to be a team-friendly deal.
Here is a breakdown of Prescott’s contract, from the entire worth to common annual wage and what the construction means for his future in Dallas:
What’s Dak Prescott’s common annual wage?
Prescott, who turns solely 28 in July, will common $40 million a season over the subsequent 4 years. Throughout all NFL positions, that places him behind solely Chiefs quarterback Patrick Mahomes, who averages $45 million from the 10-year deal he signed final summer season. Prescott now makes $1 million extra per season than Texans quarterback Deshaun Watson, anticipated to be traded this offseason.
Prescott, a fourth-round choose within the 2016 NFL Draft, now additionally carries a better common quantity than the primary two picks of that draft: Jared Goff ($33.5 million), who went from the Rams to the Lions, and Carson Wentz ($32 million), who went from the Eagles to the Colts.
How a lot is Dak Prescott getting in assured cash?
Prescott is getting $126 million of his $160 million assured. The contract has a most worth of $164 million. Prescott is about to make that $126 million over the primary three seasons, on the common of $42 million per season. Prescott will earn $75 million in complete for his play in 2021.
By way of complete ensures, Prescott is as soon as once more between Mahomes ($141.5 million) and Watson ($110.7 million). He is additionally incomes considerably greater than draft classmates Goff ($110 million) and Wentz ($107.97 million).
How huge is Dak Prescott’s signing bonus?
Prescott acquired $66 million of his contract in signing bonus. That is the best quantity for a contract in NFL historical past, surpassing the latest offers by Seahawks quarterback Russell Wilson ($65 million) and Packers quarterback Aaron Rodgers ($57.5 million).
Can Dak Prescott be tagged once more or traded with this deal?
No. Prescott secured a no-tag provision and no-trade clause as a part of the contract. He now has the facility to readjust his contract in relation to inflating quarterback market worth. He’ll accomplish that when he’s nonetheless in his younger prime forward of his age 32 season.
What’s Dak Prescott’s wage cap quantity for 2021?
Per Schefter, the preliminary cap hit the Cowboys will tackle Prescott’s contract is a modest $22.2 million. The Cowboys, by franchise-tagging Prescott with the 120 p.c improve from 2020, would have been cap-strapped in owing him one other $37.7 million, all assured towards the cap. They cleared an necessary $15.5 million for this 12 months by committing $126 million over three years.
Because the Cowboys have been sensible to work the numbers of their favor to keep away from gutting their roster, Prescott confirmed how a lot he desires to assist the Cowboys win past his play on the sphere. Whereas the Cowboys can unfold out the cap injury, Prescott secured himself as a lot up-front cash as attainable with a shorter deal. It is a calculated however nicely compensated wager on himself with out the year-to-year threat.
The Cowboys are positioned to get further cap reduction from Prescott forward of his subsequent deal, assuming it is also with them. Prescott then can work himself to ensure he stays among the many highest-paid quarterbacks within the game in just a few extra years.
Jerry Jones pays his star gamers and there was no method Prescott could be allowed to stroll after huge receiver Amari Cooper and working again Ezekiel Elliott acquired mega offers. The Cowboys can please such gamers an excessive amount of and get into unhealthy contracts (see linebacker Jaylon Smith), however as a result of they took their time with Prescott — and since he was affected person to get the precise parameters he needed — each group and quarterback win. Now the one factor left is for Prescott to earn the worth of the contract with extra elite, wholesome play.
Daniel Elton, senior editor at Wahu Times, writes about politics and policy with a focus on climate advocacy. Daniel previously at the New Republic and, and Self. Daniel can be reached by email.