The Cowboys are once again positioned to make a postseason run, in no small part due to the play of Dak Prescott. Dallas’ franchise quarterback is set to be a central storyline this offseason due to his contract situation, but no developments on that front are expected in the near future. 
Cowboys owner Jerry Jones has left the door open to in-season negotiations on a new Prescott contract, but since last month the expectation has been talks on another extension will wait until after the campaign. Indeed, no discussions have taken place at this point concerning a re-up, Jonathan Jones of CBS Sports reports.
Jones has made it clear numerous times that keeping Prescott in the fold well beyond 2024 (the final year of his current deal) is a priority for the ograniztion. The idea of an extension gained steam this offseason, with multiple restructures having spiked Prescott’s cap hit for next year to an untenable $59.46MM. After earning a four-year, $160MM deal in 2021, the two-time Pro Bowler will again be set up nicely for a lucrative pact.
Prescott, 30, sits in a tie (with Daniel Jones) for 10th in the NFL in terms of annual compensation on his current deal. His next one will move him up the pecking order significantly, especially if his 2023 performance (which includes a career-high completion percentage of 70.1%, along with touchdown and interception rates better than his career averages) can be continued down the stretch. Coming to terms on a second extension will be pricey for the Cowboys, but it will mark one of several major financial priorities.
Dallas has not only Prescott’s contract to sort out, but also new deals for the likes of edge rusher Micah Parsons and wideout CeeDee Lamb to work on. The latter two players have had standout campaigns, putting them in line to move at or near the top of the market of their respective positions with their second contracts. Clarity on how much room the team has for Parsons and Lamb in particular is something Dallas has long been eyeing as it pertains to Prescott’s re-up.
The Cowboys are currently projected to find themselves near the bottom of the league in 2024 cap space, though plenty of financial maneuvering is yet to take place until the new league year begins in March. Flattening out Prescott’s cap hit for that season – while ensuring his future in Dallas for years to come – will certainly help in the team’s other efforts to maintain its young corps. It will be interesting to see how much progress will have been made by that point on the NFL calendar.
One of the most overrated QBs in the league just because he’s a Dallas Cowboy. I’m a huge Cowboys fan but lots of their players are overrated because they’re Cowboys. Don’t extend him get rid of him. He’s already overpaid and the Cowboys won’t win a Superbowl with him. The last time they won a Superbowl I was in college and now I’m wondering if they’ll even win one more before I die. FYI I plan on living until I’m 200 years old so I have another 149 years of waiting.
Lots of Dak haters out there but how is a QB who has a 28-3 record in games where he has attempted 28 or fewer passes overrated? Perhaps you would rather have Lance as the Cowboys starting QB.
I don’t think he’s overrated. He’s now (after today’s beatdown) 69-39 as a starter. He hasn’t won the big one yet, but imo, the problems start at the top with Jerry Jones. You could do a lot worse than Dak. They look like a strong team this year. Maybe they’ll surprise you.
I’m a Giants fan, though, so maybe I just think highly of them this year because of the way they’ve destroyed my Giants.
Even if you ignore Prescott’s record, the overrated QBs from the 2016 draft would have to be Carson Wentz, Paxton Lynch and Christian Hackenberg, who were all drafted in the first or second round.