Cowboys COO: Ball In Dak Prescott’s Court; Team Communicating With CeeDee Lamb

Friday further solidified the quarterback market. After Jared Goff and Trevor Lawrence signed $50MM-plus-per-year extensions this offseason, Jordan Love‘s hold-in and Tua Tagovailoa‘s partial hold-in wrapped after they followed suit. This leaves one major quarterback situation unresolved.

Dak Prescott remains in a contract year, and the ninth-year Cowboys QB is practicing. Prescott wields tremendous leverage over the Cowboys due to his current contract, and after a summer report indicated the team was planning to make a strong offer, COO Stephen Jones said during an appearance on KTFM San Antonio (h/t The Athletic’s Jon Machota) the ball is in Prescott’s court presently. Whether this means the Cowboys have made their offer or not, the team is waiting to hear from the QB’s camp.

[RELATED: The Cowboys’ Contract Dilemma]

The 30-year-old passer has not detailed his demands yet, but he is set up to do very well. If Prescott is to re-sign with the Cowboys, he will command a contract north of where Lawrence, Love and Joe Burrow have set the bar ($55MM). As we have detailed, Dak cannot be franchise-tagged and adds to his bargaining position via a 2024 cap number ($55.13MM) and the dead money that would hit the Cowboys’ 2025 payroll ($40.13MM) if he is unsigned by the start of the ’25 league year.

“It’s definitely not the money,” Prescott said (via NFL.com’s Jane Slater and Daniel Jeremiah) of his Cowboys situation. “A little bit of it is respect. In the same sense, what motivates me is just coming out here each and every day and getting better and being able to control that, I’m at peace with. … When you focus on that, the money comes. As you said, these other guys, they’re the ones setting the bar in that, and as I said, it’s an obligation that I have to my team, my family, and to the rest of the quarterbacks in the NFL.”

The tag being out of the picture gives Prescott the ability to control this process. The Falcons’ Kirk Cousins contract, despite the veteran QB going into his age-36 season coming off an Achilles tear, illustrates the free agency offers that would likely be available if Prescott hit the market. Prescott has said he wants to finish his career in Dallas but added the obvious caveat that quarterbacks often change teams. Given the makeup of Dallas’ roster, suddenly needing to find a new starting quarterback next year would obviously threaten to unravel this nucleus’ contention prospects.

This all points to the Cowboys needing to make a monster offer — perhaps at or near $60MM per year with favorable guarantees — to prevent their QB from moving toward free agency.

Lamb can be tagged in 2025, but the Cowboys have made an offer. Jones said during his KTFM appearance the team heard back from the All-Pro wideout recently. Lamb is headed into his fifth-year option season. While the Oklahoma alum may not require a contract that makes him the NFL’s highest-paid non-QB, the Cowboys will at least need to approach the Justin Jefferson numbers ($35MM AAV, $110MM guaranteed, $88.7MM fully guaranteed) to complete a deal.

“We keep having multiple exchanges with CeeDee,” Jones said. “He actually sent us something late (Sunday). We continue to grind away on it. I would characterize both negotiations as very cordial and upbeat. We’re optimistic we’ll continue to work toward getting something done.”

The Cowboys continue to practice without Lamb, who joins Haason Reddick and Trent Williams as holdouts. The team must fine Lamb $50K per day missed, but with the receiver on a rookie contract, the fines can later be waived. Given the positive tone Jones is trying to convey, it seems likely the Cowboys would waive the fines if Lamb is extended soon. Reports indicating both players are Dallas’ priorities have come out, but the team is clearly eyeing new deals for each offensive pillar.