Dallas Cowboys News & Rumors

Dak Prescott Was Likely To Up Price If Cowboys Negotiated In-Season

The Cowboys completed a rare instance of an extension being finalized the morning of Week 1 Sunday. While the other teams who completed pre-Week 1 extensions hammered them out in the days leading up to their respective openers, the Cowboys were still negotiating the morning of their Browns matchup.

A Saturday report suggested a small chance existed the Cowboys could come to terms with their ninth-year quarterback, but they ended up doing so just before noon CT — around four hours before their Browns tilt. As the Cowboys and Dak’s agent negotiated before COO Stephen Jones left for Cleveland, ESPN.com’s Dan Graziano indicates the team was motivated by the soft deadline Week 1 brought.

Prescott, 30, had said he was OK continuing talks into the season; though, he seemed less thrilled about the prospect when he broached it again late last month. Had Prescott begun a contract year, he was likely to keep upping his price as free agency would have loomed closer and closer as the season progressed, per Graziano. Considering where the Cowboys ended up, it is understandable they were leery of where the numbers could go if their staredown with the QB dragged into the fall.

These negotiations ended with Prescott becoming the NFL’s first $60MM-per-year player, representing remarkable growth on a market that stood at $30MM (Matt Ryan‘s second Falcons extension) barely six years ago. Dak’s $60MM AAV checks in $5MM north of where the market’s ceiling previously resided, but the likes of Joe Burrow, Trevor Lawrence and Jordan Love did not possess the leverage Prescott did.

The Cowboys again bent on term length (four years), as they did for Prescott in 2021 and CeeDee Lamb this year, and again gave their quarterback no-trade and no-tag clauses. Not that a no-tag clause would have mattered much, as no player has received a third tag in nearly 20 years — since the 2006 CBA made doing so punitive — but the Cowboys showed the results of negotiating without leverage.

Still, they were able to keep Prescott away from free agency. Guaranteed money brought the final stage of these talks, Graziano adds, and Dak indeed secured more in guarantees than Deshaun Watson did on a five-year deal. That said, Watson — for now, at least — is tied to $230MM fully guaranteed; Prescott’s $231MM number represents the total guarantee. Though, the Cowboys will have a difficult time escaping this contract due to the above-referenced clauses and the financial penalties that come via the guarantee structure.

Dallas gave Prescott $129MM guaranteed at signing. That is not a top-market number, as it checks in seventh among QBs. But Prescott, as should be expected, secured a player-friendly cash flow. His 2024 and 2025 base salaries are guaranteed at signing, and Graziano adds the $40MM 2026 base salary shifts from guaranteed for injury to a full guarantee in March 2025. That same structure applies for Prescott’s $45MM 2027 base, which locks in as of March 2026. Prescott is due $55MM in 2028 base salary; $17MM of that amount will become fully guaranteed in March 2027. Dak’s one-, two-, three- and four-year cash flows lead the NFL, SI.com’s Andrew Brandt tweets.

No-tag and no-trade clauses being present in Prescott’s 2021 extension (4/160), coupled with his previous 2024 cap number ($55.13MM) and potential 2025 dead money penalty if not extended by March ($40.13MM), made it a lock he would secure whopping terms from the Cowboys if he agreed to avoid testing free agency.

This extension includes four void years, with the Cowboys having the option of restructuring the deal down the road as well, but still includes a high 2024 cap number. Dak’s extension dropped his cap hit by less than $11MM, with the new ’24 number settling at $44.61MM. With the Browns restructuring Watson’s deal a second time, the Rams reworking Matthew Stafford‘s contract and the Cowboys paying Prescott, Kyler Murray‘s $49.12MM leads all players and represents the highest single-player cap hit in NFL history.

This nixes what would have been a historic free agency sweepstakes and ties Prescott to the Cowboys through 2028. This will put Dak in line to become the longest-tenured QB1 in team history, surpassing Troy Aikman‘s 12-season run.

Cowboys, Micah Parsons Will Discuss Extension After 2024 Season

With mere hours to spare, the Cowboys managed to take care of their top two extensions in time for the start of the regular season. Both Dak Prescott and CeeDee Lamb have four-year extensions in hand, and they will not face questions about potential free agent departures during the 2024 campaign.

[Offseason In Review: Dallas Cowboys]

Throughout the offseason, the Cowboys’ negotiations on the Prescott and Lamb fronts were made against the backdrop of Micah Parsons also being eligible for a new deal this year. With two years remaining on his rookie contract, it came as no surprise the All-Pro edge rusher was third on the priority list regarding an extension. With the current season underway, talks on a monster second pact between Parsons and the team will be delayed until the spring.

“Right now, it’s certainly not anything that’s on the table,” Cowboys EVP Stephen Jones said during an appearance on 105.3 The Fan regarding Parsons extension talks (via Jon Machota of The Athletic). “Micah made a conscientious decision that he thinks he can put together an even better year. I think he got off to a great start against the Browns. I think his play speaks louder than words.

“I think he expects to have a great year under [defensive coordinator Mike Zimmer]. And then probably feel comfortable to talk about it then. Each individual is different. Opportunities come and when they are and the player feels good about something then we’ll certainly will move to do something. At the same time, sometimes players just aren’t ready yet. They don’t feel like their situation is in the right situation to start the process.”

Parsons will collect just under $3MM this season, and Dallas’ decision to pick up his fifth-year option has him on track to earn $21.32MM in 2025. A long-term extension will of course check in at a much higher rate given the nature of the edge market and the three-time Pro Bowler’s production to date. Parsons amassed 40.5 sacks in his first three years, and he added another during the Cowboys’ Week 1 win on Sunday. Remaining healthy and delivering another double-digit sack campaign would position him well for a major payday next offseason.

Nick Bosa‘s 2023 49ers extension carries an annual average value of $34MM. That figure briefly allowed him to hold the title of the league’s highest-paid non-quarterback before being surpassed by Justin Jefferson. Bosa is still the top earner for defensive players, though, and his contract could be a target for Parsons once negotiations take place. The 25-year-old said in June he was onboard with waiting out the 2024 offseason and allowing the Prescott and Lamb deals to be worked out (while also letting the salary cap jump once more before working on an extension).

Parsons has been connected to an asking price which would move him to the top of the pecking order for edge rushers, although the same was true of Lamb at one point and his Cowboys deal falls short of Jefferson’s in terms of value and guarantees. Prescott, on the other hand, secured an AAV of $60MM, moving the bar in terms of quarterback compensation by $5MM. It will be interesting to see how the Cowboys handle negotiations knowing Prescott and Lamb are set to carry major cap hits for the foreseeable future while also trying to afford a massive Parsons commitment.

On his Off the Edge podcast, the Penn State product confirmed his desire to remain a Cowboy well after the 2024 and ’25 seasons (video link). Whether or not Parsons and the team can meet that goal via a long-term deal will not be known until the current campaign comes to an end, however.

NFC East Notes: Bland, Eagles, Giants

The Cowboys managed fine without DaRon Bland in Week 1, smothering Deshaun Watson‘s comeback effort. But the team has not gotten a chance to play Bland and Trevon Diggs together since September of last season. Bland’s IR-return designation leaves the 2023 All-Pro out of the picture until at least Week 5. While a late-August report suggested Bland could miss eight games due to the foot stress fracture he suffered, ESPN.com’s Jeremy Fowler notes the Cowboys are optimistic Bland will be ready to return when first eligible.

This would be welcome news for a Cowboys team that has seen each of its preferred top three corners sustain a significant injury since 2022. Jourdan Lewis suffered a career-threatening Lisfranc injury that season, and Diggs tore an ACL in September. The latter issue moved Bland from the slot to the boundary, leading to his record-breaking five-pick-six performance last season. The Cowboys used fifth-round rookie Caelen Carson as their starter alongside Diggs in Cleveland.

Here is the latest from the NFC East:

  • Devin White‘s role will be one to monitor when he debuts for the Eagles. The free agency addition missed Week 1, with Nakobe Dean starting alongside Zack Baun. Dean and Baun served as Vic Fangio‘s LB regulars in the Brazil game, and while White should still have a role upon debuting, the Philadelphia Inquirer’s Jeff McLane notes Dean beat out the former Buccaneers top-five pick for a starting job. White was believed to be on track for a starting role before camp. The Eagles had planned for Dean to be their top linebacker last season, but two IR stints — because of a foot issue — changed that plan. Dean’s injury-plagued second season, after he backed up Kyzir White and T.J. Edwards as a rookie, led to the White and Baun signings. White is coming off a disappointing Bucs season, which ended with a reduced role. After previously aiming for a top-five ILB deal in 2023, White is on a one-year, $4MM contract.
  • The Eagles lost four front office execs to assistant GM roles in 2022, leading Howie Roseman to rebuild his power structure. This resulted in both Alec Halaby and Jon Ferrari being elevated to the assistant GM role that had previously stood vacant despite the front office talent Roseman had stockpiled. Halaby interviewed for the Commanders and Panthers’ GM jobs during this year’s cycle, meeting about the Carolina gig twice. Ferrari should be expected to be summoned for GM meetings soon as well, The Athletic’s Jeff Howe notes (subscription required). Ferrari has been with the Eagles since 2016. Prior to the AGM bump, he worked mainly in the team’s compliance department.
  • Both Nick McCloud and Gunner Olszewski are expected to miss time for the Giants. McCloud, who pushed for a starting cornerback spot in training camp, sustained a knee injury that could keep him out weeks, Fox Sports’ Ralph Vacchiano notes. Olszewski sustained a groin injury and will miss extensive time. Both players re-signed on one-year deals this offseason.
  • Staying with the Giants, the team used 2023 third-rounder Jalin Hyatt as its No. 4 wide receiver in Week 1. Hyatt played only 16 snaps against the Vikings, with Vacchiano indicating the Tennessee alum is “clearly behind” the Malik NabersWan’Dale RobinsonDarius Slayton trio. This could certainly change if the Giants considered a Slayton trade — which they did not during the offseason — but the deep threat played at least 16 snaps in 15 of his 17 rookie-year games.
  • The Cowboys were among the teams to create cap space recently. They restructured Terence Steele‘s contract, per ESPN.com’s Field Yates. This update creates $4.5MM in cap space for the team, one that just agreed to the most lucrative deal in NFL history (Dak Prescott‘s four-year, $240MM extension).
  • Josh Harris will work with Harris Blitzer Sports & Entertainment CEO Tad Brown in running the search for the team’s next president, the Washington Post’s Nicki Jhabvala tweets. The Commanders are searching for a successor to Jason Wright, who announced he will leave the post after the season.

Extra Points: Hill, Watson, Prescott

Following Tyreek Hill‘s detainment before yesterday’ game, Andy Slater of Fox Sports 640 South Florida released the bodycam footage from Miami-Dade Police. The release of the video follows a statement by the Miami-Dade Police earlier today in which they said that Hill was not immediately cooperative with officers (per Charean Williams of ProFootballTalk.com).

The video shows that Hill was initially pulled over for speeding while approaching Hard Rock Stadium. After the Dolphins wide receiver was pulled over, he was asked to keep his window down. As ESPN’s Marcel Louis-Jacques and Xuan Thai detail, the “incident escalated when Hill didn’t comply.”

After exiting his vehicle, Hill was grabbed “by the back of the head and neck area” and forced to the pavement before being placed in handcuffs. After being walked to the sidewalk, Hill was forced to the ground again after not immediately complying to an officer’s demand to sit down, with the wideout citing recent knee surgery.

The footage also shows the police tensely interacting with tight end Jonnu Smith, who parked about 25 feet away from Hill. Smith “was ultimately given a citation.” Defensive lineman Calais Campbell can also be seen in the footage approaching police with his arms raised.

Following the release of the footage, the Miami Dolphins released a statement. While the organization lauded the release of the video and acknowledged their relationship with the Miami-Dade Police, they also requested “swift and strong action against the officers who engaged in such despicable behavior.” Per Armando Salguero of Outkick.com, the officer at the center of the video “was placed on administrative duties” and has hired a lawyer.

More notes from around the NFL…

  • Browns quarterback Deshaun Watson is facing a new civil lawsuit claiming him of sexual assault and battery during an incident in October 2020, per ESPN’s Daniel Oyefusi. Watson “sexually assaulted the woman for several minutes” before storming out of her apartment. Watson was previously accused of sexual assault and inappropriate conduct by more than two dozen women. He avoided criminal charges but was served an 11-game suspension after the league and the NFL Players Association reached a settlement. Watson settled 23 of his 24 civil lawsuits, and this latest suit joins the one remaining civil suit from 2022. An NFL spokesperson declined comment when asked about the matter, per Jonathan Jones of NFL on CBS.
  • Mike Florio of ProFootballTalk.com has the details on Dak Prescott‘s new contract with the Cowboys. The four-year, $240MM extension features an $80MM signing bonus and $129MM guaranteed at signing. The quarterback will have another $40MM guaranteed next March, and another $45MM will be guaranteed the following March. The deal also includes a no-trade clause, a no-franchise tag clause, and a no-transition tag clause.
  • The NFL sent a memo to more than 20 players and their respective teams before Week 1, warning the players that they could face suspensions if they violated the safety and sportsmanship policies. While the players’ identities weren’t revealed, ESPN’s Adam Schefter notes that the individuals “have been penalized and scrutinized in the past,” with all of the players having been suspended over the past two years for on-the-field incidents.

Cowboys TE Jake Ferguson Suffers MCL Sprain

Jake Ferguson exited the Cowboys’ season-opening win on Sunday, but he has avoided the worst-case scenario on the injury front. The third-year tight end is not expected to miss considerable time (if any), as first reported by WFAA’s Ed Werder.

[RELATED: Recapping Cowboys’ Offseason]

Ferguson – who offered an encouraging update on his status Monday – is nevertheless in danger of being sidelined for a brief stretch. Tests revealed he is dealing with an MCL sprain as well as a bone bruise, per Ian Rapoport of NFL Network. He is therefore considered week-to-week at this point, although ESPN’s Todd Archer confirms Ferguson is still a candidate to play in Week 2.

After a relatively quiet rookie season, Ferguson took a notable step forward in production last year. Dalton Schultz‘s successor posted 761 yards and five touchdowns on 71 receptions in 2023. Expectations are high for a repeat of that output this campaign, one in which CeeDee Lamb and Brandin Cooks remain atop the receiver depth chart. Quarterback Dak Prescott will stay in place for years to come, but one of his top targets may be temporarily unavailable.

Dallas beat Cleveland 33-17 on Sunday, with Ferguson registering three catches on five targets. The 25-year-old earned a Pro Bowl nod for his production last year, and a similar showing in 2024 would set him up well for an extension in March. Two years remain on his rookie contract, though, and Micah Parsons headlines the list of Cowboys in line for a new deal during the 2025 offseason.

If Ferguson misses time, Lamb and Cooks will be positioned to remain focal points in the passing game. At the tight end spot in particular, Dallas will turn to Luke Schoonmaker and Brevyn Spann-Ford for an increased offensive workload if required. In relatively short order, though, Ferguson should be back to full health.

Cowboys, Dak Prescott Agree To Extension

The Cowboys and quarterback Dak Prescott have finally pushed their negotiations past the finish line. As ESPN’s Adam Schefter was first to report, Dallas and Prescott have agreed to a stunning four-year, $240MM extension that will make Prescott the highest-paid player in NFL history.

Schefter notes that all but $9MM of Prescott’s deal is guaranteed, which speaks to the inordinate amount of leverage that the three-time Pro Bowler wielded in this process. His $231MM in guaranteed money is $1MM more than Deshaun Watson received in his highly controversial deal with the Browns several years ago. And, as Ian Rapoport of NFL.com observes, Prescott’s guarantees — which include a record $80MM signing bonus — are $60MM higher than the next highest sum of guaranteed money ever handed out on a four-year contract.

[RELATED: Jerry Jones Addresses QB’s Record-Breaking Contract]

Throughout the offseason, questions lingered about whether or not the Cowboys would be able to work out deals with Prescott, wideout CeeDee Lamb and edge rusher Micah Parsons while saving the cap flexibility to make other moves. An otherwise quiet offseason revolved around negotiations on the Prescott and Lamb fronts in particular. The latter wound up cashing in on a $34MM-per-year extension which (like the former) will keep him in Dallas through 2028. Lamb did not reach the top of the receiver market, but Prescott has taken his position to new financial heights.

A $60MM AAV has long been a possibility, especially given the nature of the quarterback mega-deals worked out over the past two years and the position Prescott found himself in. No-tag and no-trade clauses were included in his previous pact, and Dallas was set to deal with a $55MM cap charge in 2024 in the absence of an extension coming into play. That was also the case for the dead money charge (roughly $40MM) in 2025 which would have been on the team’s cap sheet had Prescott departed in free agency next spring.

Both the 31-year-old himself and owner Jerry Jones made a number of public remarks in the build-up to today’s news. Continuing this relationship well past 2024 was a mutual goal, although Prescott hinted at testing the market on more than one occasion. Jones indicated in the spring he preferred to let the QB and WR markets take further shape before serious negotiations with Prescott and Lamb’s camps took place. That approach has yielded agreements for both, albeit along a less-than-ideal timeline given the missed time from training camp in one case and the run up to an artificial Week 1 deadline in the other.

Jones stated he would be on board with Prescott negotiations continuing into the regular season, but a late push by all parties involved yielded progress. That left the door open to an eleventh-hour agreement, although with Saturday night coming and going it appeared one would no longer be possible. In the end, however, Prescott is now on the books for the foreseeable future as he tries once again to guide the Cowboys to deep playoff run.

Dallas has posted a 12-5 record in each of the past three years, failing to convert that into postseason success in every instance. Head coach Mike McCarthy is entering a lame-duck year in no small part due to the Cowboys’ underwhelming defeat to the Packers during the wild-card round last season. Jones has routinely praised the former Green Bay Super Bowl winner, hinting he could be retained past the coming campaign depending on how things go. Prescott – who led the league in touchdown passes during McCarthy’s first year as offensive play-caller – will be expected to duplicate his success from 2023 for several more seasons.

Parsons (whose resume includes two first-team All-Pro honors, one second-team nod and three Pro Bowl invites) no doubt would have been a higher organizational priority if not for Prescott and Lamb entering the offseason as pending free agents. With both of their pacts now taken care of, attention will turn to Parsons’ level of play in his fourth campaign. The 25-year-old will set himself up for a major payday with another productive campaign in 2024, but Dallas’ cap outlook has of course been considerably altered in recent weeks.

Today’s deal (and, more specifically, the massive guarantee commitment) confirms Prescott will remain a Cowboy for most, if not all, of his career. His legacy remains linked to the franchise’s ongoing Super Bowl drought, but the next several years will offer an opportunity to break through in the postseason. It will be interesting to see, meanwhile, how the quarterback market shakes out in the near future with the top of the pecking order changing once again.

Rory Parks contributed to this post.

Jerry Jones Addresses Dak Prescott’s Deal

The Cowboys were one of few teams to experience two big wins today: their win over the Browns in Cleveland and the signing of their star quarterback to the highest salary in NFL history. Both were a long time in the works, but Dak Prescott‘s new contract is perhaps the more gratifying of today’s victories because of the wait.

Prescott’s extension, which includes $231MM in guaranteed money, an $80MM signing bonus, and a $60MM annual average, was the result of several months of negotiations. In that time, Cowboys fans frustratingly watched quarterbacks with arguably lesser accomplishments, like Trevor Lawrence and Jordan Love, become the highest-paid players in the NFL. The frustration wasn’t that players they deemed lesser were getting big contracts, it was that with every big quarterback contract that got signed, the price tag for Prescott kept going up.

There’s an argument to be made that if Cowboys owner Jerry Jones had worked faster to secure extensions for stars like Prescott and wide receiver CeeDee Lamb, the team could’ve have vastly saved on relatively cheaper deals. Instead of working to set the market, the Cowboys ended up being forced to react to it, leading to them being the only team in the NFL with two of the 20 highest-paid players in the NFL (by annual average) with Prescott at No. 1 and Lamb tied at No. 20.

The unofficial deadline that the team set for getting the deal done was the season opener, and Dallas snuck this one in before watching Prescott potentially test free agency at the end of the year. When asked if he was relieved to have got it done in time, Jones told reporters“Relief? No, I’m happy that it’s done. This was the time when it was right there for us to do. We were all set to go. That’s so critical.”

Jones claimed that the issue with getting a deal done was never about Prescott being the answer for them at the quarterback position. The concentration was just finding a way to make everything work, and the stars didn’t align until just in time to get the deal done.

“I think we all felt a little energy to come on in and, so to speak, get to a point where we could say ‘yes,'” Jones continued, per Clarence Hill of All City DLLS. “I’ve really known all along what a great player Dak is…I’ve seen too many very important deals not work out just because of miscalculating the right time when everybody’s ready to go. It was apparent to me over the last few days that we were ready to go and could put this in place.”

There was one other sticking point that kept holding Jones up throughout the process: the sheer magnitude of the money involved. “I’m talking about making him the highest paid player in the history of the NFL…$231 million guaranteed, I know, these numbers are beyond anything I could have ever imagined.”

In the end, the team got it done, and now, Prescott has the highest annual salary any player in the NFL has ever had. We don’t know all the specifics of the deal just yet, but ESPN’s Todd Archer tells us that his 2025 cap impact will include $26.13MM in bonus proration, in addition to the new proration of the signing bonus and new base salary. Jones claims he was working to put the Cowboys in the best position to win a Super Bowl in the future, and in his words, “(Prescott) was (their) best chance of getting one.”

Offseason In Review: Dallas Cowboys

Perhaps the worst letdown in a string of Cowboys playoff misfortunes caused Jerry Jones to make Mike McCarthy a rare lame-duck HC and stall on a Dak Prescott extension. The longtime owner received steady criticism for letting the Prescott and CeeDee Lamb situations fester throughout the offseason, one that otherwise featured few veteran augmentations.

Rookies became needed to fill holes along Dallas’ offensive line, and constant questions about how the team plans to assemble a backfield came out. As usual, however, the Cowboys kept it interesting as they remain on the job of trying to end a near-30-year NFC championship game drought.

Extensions and restructures:

With Micah Parsons under contract through 2025 via the fifth-year option, the Cowboys’ three-headed contract quagmire became a Lamb-Prescott matter as this offseason progressed. In Cowboys fashion, negotiations with each generated numerous headlines. One holdout ensued. But the team did reach a resolution with one of the two standouts, moving first to pay Lamb after his first-team All-Pro season.

Shifting to the Cowboys’ go-to performer after the 2022 Amari Cooper trade, Lamb led the NFL in receptions last season and broke Michael Irvin‘s single-season records for catches and yards by tallying 135 grabs and 1,749 yards. Serious extension talks did not pick up until training camp. Lamb surfaced as an extension candidate in 2023, and it would have been cheaper to extend him then. Per COO Stephen Jones, Lamb was not interested in an extension in 2023. Whatever the case may be, the 25-year-old wideout enhanced his value by both dominating in 2023 and waiting for other receivers to move the market well past $30MM per year.

Exiting the 2023 offseason, only Tyreek Hill had secured a $30MM-per-year deal at wide receiver. Hill’s pact also deceived, as a phony final-year salary propped up the AAV. Lamb and Justin Jefferson sought legit structures, and by the time Dallas’ WR1 came to the table, three other wideouts — Jefferson, A.J. Brown, Amon-Ra St. Brown — had moved past $30MM per annum. Jefferson’s $35MM-per-year deal that included $110MM guaranteed and $88.7MM guaranteed at signing played the biggest role in Lamb negotiations, just as it has in Ja’Marr Chase‘s Bengals talks.

Stephen Jones initially said Lamb was seeking to become the NFL’s highest-paid non-QB, topping Jefferson, but quickly retracted it. Jerry Jones then said the team was not operating urgently with Lamb before backtracking, after Lamb took issue with the owner’s situational assessment. The Cowboys submitted a few offers to Lamb, initially coming in below $33MM per year and then moving between $33-$34MM on average before finally reaching $34MM per.

The Vikings’ landmark deal reset the WR guarantee market, and this booming market did not feature the kind of deals the Cowboys typically work out. Dallas has long preferred lengthier contracts — spanning at least five years — but receivers in recent offseasons had opted for three- and four-year extensions. Dallas both bent on term length, guarantees and eventually AAV.

After previously never giving a wideout more than $60MM guaranteed, the Cowboys rewarded Lamb — after a weeks-long holdout — with $100MM locked in and $67MM at signing. Those numbers placed the 2020 first-rounder comfortably in second at the position.

As many big-ticket extensions now feature, a rolling guarantee structure offers Lamb year-out protection. His 2026 base salary ($25MM) shifts from an injury guarantee to a full guarantee in March 2025. Another $7MM for 2027 will shift from an injury guarantee to locked-in cash in 2026. The Cowboys used four void years packed with option bonuses to spread out Lamb’s cap hits; the extension saved the team more than $10MM in 2024 cap space.

[RELATED: Prescott Agreed To Four-Year, $240MM Extension On Sunday]

The Lamb holdout merely stood as a high-end undercard to Prescott’s main event. Dallas took this process to the wire — ahead of a soft Week 1 deadline — and is heading into rocky terrain with their ninth-year starter. After a rumor circulated indicating the Cowboys would be OK letting Prescott hit free agency next year, the team pushed back on it by insisting it wants to extend the former fourth-round find. Both team and player initially said a contract did not have to be done by Week 1, but Prescott later added that “it says a lot if it is or it isn’t.” This situation ran late into Saturday night, but Dak remains on the four-year, $160MM contract he signed in March 2021. As it stands, he is months from being one of the most coveted targets in free agency history.

The Cowboys are battling uphill against their quarterback, having given him extraordinary leverage thanks to a three-offseason negotiation that afforded the QB no-trade and no-franchise tag clauses. Dallas later completed multiple restructures, ballooning Prescott’s 2024 cap hit to $55.13MM and creating a $40.13MM dead money hit — thanks to void years — if he is not extended by the start of the 2025 league year.

Unless the 30-year-old passer receives a monster offer — the $60MM-per-year number has come up often — there is no reason for him to pass on approaching free agency. He did not shut down that path this summer.

Maligned due to his place as the centerpiece player on a team known for late-season shortcomings, Prescott is nevertheless coming off a second-team All-Pro season. The MVP runner-up bounced back from a down 2022 season, and if Kirk Cousins fetched $100MM in practical guarantees ahead of an age-36 season following Achilles surgery, Prescott would be in position to reset a quarterback market that has incrementally climbed to the $55MM-per-year place. As should be expected, Dak is targeting a deal north of that $55MM-AAV number.

Unless the Cowboys are keen on starting over at QB with a veteran team — this worked out well for the post-Super Bowl 50 Broncos — after Jerry Jones’ 82nd birthday, they will need to again give in. A contract flooded with guarantees and early vesting dates will almost definitely be required to keep Dak from testing the market, as a $60MM-plus-AAV accord would certainly await in 2025 if he plays out his contract year.

Jones has received steady criticism for letting his top players’ values increase by waiting on extensions, but this is a unique contract to complete. The sides are believed to be in agreement on term length, at least, and the Cowboys do have exclusive negotiating rights until mid-March. Though, the closer we get to free agency, the more challenging the mission becomes for the team.

The Cowboys’ longest-tenured player now that Tyron Smith is gone, Martin still earned All-Pro acclaim despite admitting he was not at his best following a holdout last year. Martin is a future first-ballot Hall of Famer who secured guarantees over his six-year contract’s final two seasons, but this restructure will inflate the dead money total the Cowboys would absorb if the soon-to-be 34-year-old blocker is not re-signed in 2025. The 11th-year veteran is considering retirement after this season. If Martin retires, the Cowboys would be tasked with replacing an all-time guard great and face a $26.5MM dead cap hit next year.

Free agency additions:

Elliott now counts more than $8MM on Dallas’ payroll; the other $6MM comes from dead money associated with the Cowboys ditching his previous contract. Once given a six-year, $90MM deal to anchor Dallas’ offense, Elliott is now 29 and enters the season with by far the most touches (2,421) among active backs. The Cowboys did miss two-time rushing champion’s nose for the end zone last season, but his presence atop the depth chart creates concern.

Even as Elliott closed the Bill Belichick era as the Patriots’ starting running back, his New England one-off produced a bottom-10 rushing yards over expected mark (minus-71). The Cowboys pursued Zack Moss in free agency but saw him join the Bengals on a two-year, $8MM deal. Dallas did not chase Derrick Henry this offseason, and rumblings about an Elliott reunion — a topic that came up last year even after Dallas made him a post-June 1 cut — emerged before March’s end.

It remains odd the Cowboys did not at least add a late-round RB flier of sorts, instead re-signing Rico Dowdle and bringing in Cook, who enters the season with the fifth-most touches (1,585) among active RBs. Following four straight 1,100-yard rushing seasons in Minnesota, Cook saw his play nosedive in New York. The would-be Jets bridge back to Breece Hall ended up being released. The Cowboys can elevate Cook to their active roster, but an Elliott-Dowdle-Cook committee — in 2024, at least — may well be the NFL’s least formidable backfield.

The reunion theme continued on defense. While Kendricks and Joseph have no previous Cowboys ties, they both played several seasons under new DC Mike Zimmer. Each served as part of the Vikings’ defense-powered core in the 2010s, helping the team to three playoff berths during Zimmer’s tenure.

Joseph, 35, will be charged with helping out a Dallas run defense that ranked 16th last season — but one that allowed Aaron Jones to run wild in the seminal wild-card loss. The recent Chargers and Bills D-tackle, Joseph has made 170 career starts. He will most likely work as a situational player tasked with aiding Dallas ground deterrence.

Kendricks, 32, comes over after becoming a cap casualty (by the Vikings and Chargers) in each of the past two seasons. The former Zimmer mainstay had a deal in place to be the 49ers’ bridge to Dre Greenlaw, but Kendricks backtracked on that commitment and joined a Cowboys team promising more opportunities. With the Cowboys moving undersized LB Markquese Bell back to safety, cutting Leighton Vander Esch and seeing 2023 third-round pick DeMarvion Overshown coming back from an ACL tear, Kendricks is suddenly needed again.

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Dak Prescott Cowboys Extension Still Possible Before Week 1

On the eve of their season opener, it remains to be seen if the Cowboys will reach agreement on a Dak Prescott extension. Team and player are negotiating a deal to continue their relationship beyond the 2024 campaign.

Recent updates on the situation have noted progress at the bargaining table, with an agreement reportedly being reached with respect to the length of a new contract. Value and guarantee structure will be key points of contention as in any high-profile negotiation, and Sunday represents an artificial deadline for an extension to be in place. In the latest development on this story, Mike Florio of Pro Football Talk reports there is a “small chance” the Cowboys and Prescott will get a deal over the finish line in time.

While a final agreement is not in place, DLLS’s Clarence Hill Jr. confirms the sides are still negotiating at this point with a very small window of time remaining. Owner Jerry Jones said last week a deal does not need to be signed by the start of the regular season, although teams generally prefer to get contract work done in time for Week 1. Prescott is currently slated to carry a cap hit of over $55MM in 2024, a figure which could be lowered on a long-term pact. The 31-year-old will leave Dallas with a dead money charge of more than $40MM if he departs as a free agent next spring.

Both Prescott and Jones have made clear their desire to avoid that, although the three-time Pro Bowler has also noted the multitude of longtime starting quarterbacks who have played for multiple teams during their careers. Prescott appeared to be open to negotiations continuing into the season, but he has since clarified he is not the one primarily responsible for whether or not that happens. Given the efforts made to reach an eleventh-hour agreement, it is clear all parties involved are interested in achieving clarity in advance of the season starting.

CeeDee Lamb inked a four-year extension averaging $34MM per season this summer, and edge rusher Micah Parsons will be in line for a deal putting him at or near the top of his position’s market during the 2025 offseason. Prescott could very well move to the top of the quarterback pecking order on his next deal, either on another Dallas extension or a contract sending him to a new team in March. The latter scenario being eliminated is still possible with mere hours remaining until the Cowboys’ season starts.

Cowboys Activate WR CeeDee Lamb

The Cowboys recently extended wide receiver CeeDee Lamb to a four-year, $136MM deal that gave him the second-highest annual average at the position in the NFL behind only Minnesota’s Justin Jefferson. It wasn’t smooth sailing to get there, though, as the negotiating process saw Lamb miss nearly all of the preseason as he held out to influence his new contract.

As a result of Lamb’s holdout, the Cowboys placed him on the commissioner’s exempt list upon signing his extension. This exempt list is usually reserved for players in unique situations, allowing a team to retain that player without needed to utilize a roster spot on them.

For Lamb, his placement was the result of his holdout. Dallas was granted a two-game roster exemption with his placement on the list, meaning the Cowboys could keep him there through Week 3, if necessary, without him counting towards their 53-man roster. This would allow Lamb to get back up to speed after not participating with the team throughout training camp and the preseason. Instead, the Cowboys will waste no time, activating him from the exempt list in time for Week 1.

In addition to this roster addition, Dallas has also opted to promote linebacker Nick Vigil as a standard gameday practice squad elevation. A former full-time starter for the Bengals, Vigil’s role in the NFL has diminished over the years. If he sees game action tomorrow, it will be a regular season appearance with the fifth team of his career.