Micah Parsons

DE Micah Parsons To Return In Week 10

November 9th, 2024 at 8:32pm CST by Ely Allen

NOVEMBER 9: Parsons will indeed return to the lineup on Sunday, Schefter’s colleague Todd Archer reports. While Dallas will be without Prescott against the Cowboys – and quite possibly the rest of the season – the team’s defense will receive a major boost with Parsons back in the fold.

NOVEMBER 4: The Cowboys had a rough Sunday as injuries affected the availability of newly paid offensive stars Dak Prescott and CeeDee Lamb. With news that Prescott’s injury would likely result in a multi-week absence, the Cowboys should feel some relief to hear that their defensive star, Micah Parsons, could be gearing up for a return this week, per ESPN’s Adam Schefter.

Back after a Week 4 win over the Giants, the Cowboys saw Parsons suffer a high ankle sprain. While they initially looked at a then-approaching 10-day break between games with optimism, it quickly became apparent that Parsons’ injury was worse than expected. Further tests revealed a more realistic timeline of two to four weeks. Five weeks and four missed games later, Parsons is finally rumored to be ready for a return. Schefter quotes a source who claims Parsons “should be back” this weekend for a divisional matchup against the Eagles.

Like Prescott, Lamb was also injured yesterday, but it appears that the star wideout will avoid missing any time. Todd Archer of ESPN reports that Lamb was dealing with an AC joint issue in his right shoulder during yesterday’s loss to the Falcons.

While the injury caused Lamb to miss some snaps, he was able to return to the field and play through the issue, per Calvin Watkins of the Dallas Morning News. WFAA’s Ed Werder confirmed that Lamb’s MRI results today were encouraging and that, based on his ability to play through the injury, Lamb may not miss any time. He’ll undergo treatments throughout the week to determine his status for this Sunday’s matchup with Philadelphia.

The 2024 season has not gone according to plan so far for the 3-5 Cowboys. Perhaps with Parsons returning to the field, a defense that’s allowed the sixth-most points in the NFL can start to find its stride. Lamb likely won’t be rushed back with Prescott on the bench, but if he’s able to play safely with no risk of furth injury, expect Lamb to be out there as a reliable target for Cooper Rush.

Cowboys’ Micah Parsons, DeMarcus Lawrence Injuries Worse Than Expected; Team Not Considering Haason Reddick Trade

September 29th, 2024 at 10:02am CST by Ely Allen

The Cowboys’ second win of the season came with some losses at its heels. Injuries to edge rushers Micah Parsons and DeMarcus Lawrence dampened an otherwise victorious Thursday night over the division-rival Giants. While the worst-case scenario was certainly avoided, both situations appear to be worse than initially expected, per Calvin Watkins of the Dallas Morning News.

Parsons fell victim to a high ankle sprain. After exiting the Thursday night matchup in the fourth quarter, Parsons saw negative x-rays immediately after the game. An MRI revealed the sprain, and though there was initially hope that Parsons would be able to take advantage of a 10-day break until their next game and return, the star defender will be out for two to four weeks. With Parsons being such a key player on the defense, it stands to reason that Dallas would slow-play his return, erring on the side of caution and waiting until after their Week 7 bye to bring him back.

Lawrence’s injury seemed immediately worse than Parsons’, a sentiment later confirmed by head coach Mike McCarthy. An MRI today unveiled a mid-foot sprain in Lawrence’s right foot, but the prognosis wasn’t disclosed until a report from Ian Rapoport of NFL Network, pinning Lawrence’s recovery timeline at four weeks, at least.

According to Watkins, McCarthy made it known that both players would be seeking second opinions on their situations. If both situations hold true to their current form, though, Lawrence becomes a sure candidate for injured reserve. With plans to reevaluate Lawrence in four weeks, it makes perfect sense to place him on IR and fill his roster spot with someone who can play now.

With Sam Williams and Durrell Johnson already on IR and Tyrus Wheat dealing with injury, the Cowboys’ depth on the defensive edge is sure to be tested in the coming weeks. Adding Parsons and Lawrence to the list of unavailable players leaves only two healthy defensive ends on the roster: Chauncey Golston and Marshawn Kneeland.

A second-round rookie out of Western Michigan, Kneeland will receive a baptism by fire. He’s served mostly as a rotational rusher in the first few games of the season but will likely be tested much more moving forward. Golston is in a contract year with the Cowboys after being drafted in the third round out of Iowa in 2021. He’s also been mostly a rotational pass rusher throughout his three years with the team, logging three starts and 4.5 sacks in that time.

With a lack of bodies on the edge, the Cowboys will likely continue to look for new players to add to the defense, something the team has been doing since Williams went down in July. They hosted free agent pass rushers Carl Lawson, Shaka Toney, Al-Quadin Muhammad, and Justin Hollins before the season, eventually signing Lawson to the practice squad. They may call up some familiar names in their time of need, although at least one high-profile external option is not currently on the table. According to ESPN’s Jeremy Fowler, the club is not presently considering a trade for embattled Jets pass rusher Haason Reddick due to the prohibitive cost — presumably in terms of both dollars and draft capital — to acquire him.

Cowboys’ Micah Parsons Suffers High Ankle Sprain; DeMarcus Lawrence Facing Multi-Week Absence

September 27th, 2024 at 3:25pm CST by Adam La Rose

3:25pm: Parsons is facing a recovery timeline of two to four weeks, Calvin Watkins of the Dallas Morning News reports. It would thus come as a signficant surprise if he managed to suit up against the Steelers in Week 5. Lawrence, meanwhile, is dealing with a right mid-foot sprain, per Archer. The full severity of his injury is not yet known, but he will likely not be back before the Cowboys’ Week 7 bye.

1:13pm: The Cowboys earned an important win on Thursday night, but the team did suffer multiple injury scares on defense. Edge rusher Micah Parsons is dealing with a high ankle sprain, Ian Rapoport of NFL Network reports.

The two-time All-Pro exited Dallas’ win over the Giants late in the fourth quarter. X-rays taken after the contest came back negative, he said (via ESPN’s Todd Archer). An MRI was taken on Friday, though, and it has confirmed a sprain. Rapoport adds Parsons’ status is uncertain at this point.

The worst-case scenario has certainly be avoided in this instance, but the possibility still remains for Parsons to miss time. Dallas has a 10-day break between games by virtue of playing on Thursday, which could prove to be highly beneficial. The 25-year-old indicated he intends to play in Week 5, but his progress in recovery over the coming days will of course dictate if that is possible.

The news is not as encouraging in the case of fellow edge rusher DeMarcus Lawrence. The four-time Pro Bowler exited last night’s contest with a foot injury and did not return. Lawrence also underwent an MRI on Friday, and Rapoport’s colleague Tom Pelissero reports a multi-week absence should be expected. As a result, at least one of Dallas’ top two pass rushers will likely be sidelined until after the team’s Week 7 bye.

The Cowboys have totaled eight sacks this season; Lawrence and Parsons account for five of those. Especially with Sam Williams out for the year, depth along the edge will be a question mark with one (or potentially both) set to miss time. Dallas sits at 2-2 on the year, and a repeat of performances from the team’s defense last night will be needed for momentum to build through the remainder of the campaign. That will be challenging if the unit is shorthanded for a signficant period.

Parsons remains attached to his rookie contract, but negotiations on a monster extension will take place during the offseason. Lawrence, meanwhile, is one of Dallas’ top pending free agents this spring, and his market could take a hit if he misses notable time. As the Cowboys consider their options for a midseason rental addition, edge rush could become a position to watch.

Latest On Micah Parsons’ Approach To Cowboys Extension

September 15th, 2024 at 5:30pm CST by Adam La Rose

Both Dak Prescott and CeeDee Lamb landed monster Cowboys extensions ahead of Week 1. Micah Parsons was eligible for a second contract during the offseason, but to little surprise he did not engage in serious contract talks during the summer.

Parsons has made it clear to the Cowboys’ front office that no extension talks will take place during the regular season. The 2021 Defensive Rookie of the Year’s attention is focused on another campaign with standout production, something which would help his bargaining power. Parsons is also well aware of where the edge market as a whole currently stands, though.

Ian Rapoport of NFL Network confirms Parsons is prepared for a lengthy wait to secure his second contract. Part of the negotiating process will depend on what happens with the league’s other contracts at the top of the position’s market. As Rapoport notes, both T.J. Watt and Myles Garrett could hammer out new deals with their respective teams next offseason; Watt’s Steelers pact runs through 2025 and does not include guaranteed salary for its final year. Garrett is on the books though 2026, and he too does not have guaranteed salaries beyond the current year.

Watt and Garrett have seen their deals surpassed in terms of annual average value over the past two years. Nick Bosa inked a 49ers extension averaging $34MM per year in 2023, while this past offseason saw Josh Hines-Allen (Jaguars) and Brian Burns (Giants) slot second and third in terms of AAV. If market corrections are made for some of the top veterans seeking to adjust their deals next spring – coupled with an increase in the salary cap ceiling, of course – Parsons could be positioned to command a massive raise.

To little surprise, Rapoport notes Parsons is expected to surpass Bosa as the league’s top earner amongst edge rushers once his deal is in place. Bosa took the title of the NFL’s highest-paid non-quarterback with his deal and held it until Justin Jefferson landed a Vikings pact with a $35MM AAV. Parsons, 25, was tied in June to an asking price which would move him to the top of the pecking order for non-QBs. It would not surprise if he angled for such a pact, although the Cowboys’ deals for Prescott and Lamb met their desired terms in both cases.

Dallas’ ability to handle the cap implications of Prescott, Lamb and Parsons on monster pacts will be challenging moving forward. The likes of Zack Martin and DeMarcus Lawrence are pending free agents, so they too will need new commitments if they are to be retained beyond the current season. Needless to say, the Parsons negotiating process will be an interesting storyline for the Cowboys in particular and the league as a whole once it begins.

Cowboys, Micah Parsons Will Discuss Extension After 2024 Season

September 10th, 2024 at 10:15pm CST by Adam La Rose

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.

Latest On Cowboys’ Contract Holdups

August 21st, 2024 at 10:17pm CST by Ely Allen

Cowboys owner/president/general manager Jerry Jones is starting to tip his hand. All offseason, we have watched the market for quarterbacks and wide receivers be reset as other teams across the NFL pay their players, some of whom were not free agents and still had time left on their contracts. All the while, Dallas has been negotiating, leaving quarterback Dak Prescott, wide receiver CeeDee Lamb, and outside linebacker Micah Parsons as some of the few players with unresolved contract issues.

In an interview today, Jones clued us in as to why the Cowboys seem to be resting on their laurels while the rest of the league signs their players. DallasCowboys.com writer Nick Harris provided the full quote.

“Well, again, we’re just continuing to talk,” Jones started before getting to the point at hand. “The thing is there, since we’re really (nearing) in-season, practicing, doing all those things, we’re operating under the existing contract really good.

“One of the things that the fans should really understand is that, nine times out of ten, these are existing contracts that you have in place. You should be able to operate under those, but we’ve gotten it now in the NFL — other teams are dealing with it — with some time on the contract, you still might have a contract discussion. And that’s what we’re doing. None of us — player or team — want to hurt the preparation or likelihood of playing at your best.”

There it is. It’s seemed as if the Cowboys are sitting on their hands in terms of extending their three stars because Jones seemingly wants the players to honor the remainder of their contracts before taking extension conversations seriously. On its surface, this seems like a reasonable expectation, until the flipside shows teams cutting veterans with multiple years left on their contracts because they don’t want to be beholden to the cap figures they agreed to.

It’s strange to see Jones play ignorant to the concept that there is value in keeping your star players happy by offering them security and a raise above what they are already owed. One of the league’s most-talented defenders, Parsons is set to be paid as the 76th highest-paid edge rusher (in terms of annual average contract value) in the NFL in 2024. He’ll receive $2.99MM in cash this year. Lamb is set up a little better with his fifth-year option paying him $17.99MM this year, though that amount would qualify as the 25th-highest annual average for receivers in the league.

Prescott is rightfully content to play out the 2024 season on his current deal, as he’ll receive $34MM in cash this year, but one might think that his $55.13MM cap hit in 2024 might encourage Jones to work out a new deal to reduce his cap impact. The team has already shoveled $54.14MM of Prescott’s cap numbers into future void seasons, so perhaps Jones is hesitant to dig the future hole even deeper.

Jones already voiced a lack of urgency in extending Lamb. The holdout receiver could do nothing but laugh on social media as a response. Jones’ comments today concerning Prescott’s situation indicate more of the same. While other teams are attempting to stay ahead of the ever-inflating contract numbers around the NFL, Jones is keeping his wallet closed for now. Jones even blamed some of his tight-purse tendencies on the NFL’s DirecTV case that could involve a large payout from the league.

Regardless, it seems evident that, at the very least, an extension for Prescott will not likely occur before the start of the regular season. Parsons seemed to be on a lower priority level than Prescott, so he will likely have to wait, as well. As for Lamb? He continues to hold out as offers are proffered and rejected. While media pundits seem to think that Lamb will be out there for Week 1, Jones’ continued nonchalance in negotiating could end up forcing Lamb to continue his holdout into the regular season.

Dak Prescott’s Price Point Beyond $55MM Per Year; Cowboys Closer With CeeDee Lamb?

August 9th, 2024 at 9:52pm CST by Sam Robinson

The Cowboys remain in talks with both Dak Prescott and CeeDee Lamb, but the standout duo remains a contract-year combination. Months into these proceedings, Lamb is holding out and Prescott continues to wield enormous leverage.

While Prescott has said the right things about another deal with Dallas, his asking price is justifiably high. The ninth-year quarterback is seeking a contract that breaks the NFL AAV record, with The Athletic’s Jeff Howe indicating the Cowboys are negotiating with a player aiming for more than $55MM on average (subscription required).

Given Prescott’s position, it is understandable his price point has reached this place. The parties are not believed to be close on terms, per Howe, though the Cowboys made an offer recently. COO Stephen Jones has also said the ball is in the QB’s court.

As mentioned regularly here (though, perhaps not quite as often as Brandon Aiyuk particulars), Prescott holds a no-trade and cannot be franchise-tagged in 2025. His 2024 cap number ($55.13MM) will break a league record — as Deshaun Watson and other QBs are poised to as well — and the Cowboys would take on $40.13MM in 2025 dead money if they let their QB’s contract expire by the start of the 2025 league year. Rarely in this position with players, the Cowboys are here because they could not come to an agreement on a second contract with the former Offensive Rookie of the Year until a third offseason of negotiations (2021).

The Cowboys “badly” want Dak back on a third contract, Howe adds, and have been trying to finalize a deal before free agency becomes a real possibility. But they are negotiating with a player who has outperformed a few of the QBs who recently joined the $50MM-per-year club. That said, all eight passers presently among that contingent have not yet turned 30. Prescott will turn 31 this season. Though, the 2023 second-team All-Pro remains squarely in his prime and just saw Kirk Cousins collect $100MM in practical guarantees coming off an Achilles tear at 35.

If Prescott pushes this toward free agency, suitors will be there. The Cowboys not playing ball now would run the risk of a historically rare development. On the other side, Dallas will need to again agree to player-friendly terms if it wants to keep Prescott. A deal that hits $60MM per year with a strong guarantee structure will likely be required if Dak is to sign before the season starts. Otherwise, this saga figures to linger to the point other teams will start becoming connected to the former fourth-round find.

Starting over is not exactly a sought-after reality for a Cowboys team that is riding three straight 12-win seasons, but the team does have two other top-market extensions — those for Lamb and Micah Parsons — on its radar. Describing Parsons’ pact as a backburner issue — which runs counter to a recent assessment of the All-Pro pass rusher’s situation — Howe indicates the Cowboys appear closer on terms with Lamb than they do Prescott.

After Jerry Jones said the team does not have urgency to extend the holdout wide receiver, Lamb offered an “lol” X response. Prescott, via The Athletic’s Jon Machota, indeed said he urgently wants the team to pay his top weapon.

The sides have exchanged offers, however, and Howe notes progress has emerged. This deal is viewed as being closer to completion. The Cowboys can waive the daily fines Lamb is accruing due to the fifth-year target being on a rookie contract.

A late-July report pegged Lamb as not being insistent on becoming the NFL’s highest-paid non-QB — a title Justin Jefferson holds at $35MM per year — and Howe indeed offers the Cowboys are hesitant about reaching the AAV the Vikings WR secured in June. Lamb would then stand to command a number between Jefferson and No. 2 on the current list (A.J. Brown‘s $32MM average).

While guarantees could then be a Cowboys concession if they are truly unwilling to go where the Vikings went regarding AAV, the team prefers longer-term deals compared to those receivers have landed this offseason. Dallas has not fully guaranteed a receiver more than $40MM — the Amari Cooper figure from 2020 — but surely realizes it will take more to wrap the Lamb talks. D.J. Moore securing $82MM in total guarantees from the Bears certainly should set a Lamb floor; only Brown ($84MM) is between Moore and Jefferson in this category.

The Cowboys still have some time, but the team has undoubtedly seen prices rise by waiting this long. Although Jones brushed off the notion urgency is needed here, it would surprise if at least one of the two stars was not extended before Week 1.

DE Micah Parsons’ Extension Not On Backburner For Cowboys?

August 2nd, 2024 at 10:42pm CST by Ely Allen

The Cowboys have had a busy offseason, yet they’re still waiting for a good amount to get done. Yes, that offseason did include a changing of coordinators, the signing of some free agents, and a draft, but what many have viewed as Dallas’ most pressing concerns have yet to be taken care of.

Contract extensions for quarterback Dak Prescott and wide receiver CeeDee Lamb have seemingly been on the forefront in the front office of late, but owner/president/general manager Jerry Jones insists that that doesn’t mean they aren’t thinking about defensive star Micah Parsons, as well, per Todd Archer of ESPN.

For the last several weeks, we have been seeing updates on the contract situations for Prescott and Lamb. Unlike Parsons, both players are on contract years. Like Parsons, though, both players are likely to set to high marks at their position for salary numbers. Prescott and Lamb are both hoping to earn new deals, but they’re set to receive $34MM and $32.13MM, respectively, in cash this year. They’d obviously prefer long-term security, but playing out their currents deals is not the end of the world.

It should be a much bigger priority for the team as the two make up cap hits of $55.13MM and $17.99MM, respectively. Signing their two offensive stars to new contracts would allow the Cowboys to reduce their cap impacts for the 2024 NFL season providing a significant amount of breathing room to sign last-second veterans or push at the trade deadline. In order to do so, though, they are going to need to work harder to get new deals done.

The opposite situation applies to Parsons’ situation. This year, Parsons only represents a $5.43MM cap hit for Dallas, and he’ll only receive $2.99MM in cash — perhaps one of the league’s best bargains. The team also picked up his fifth-year option, so they know he’ll be under contract at least through next season. Still, Jones denies that the team is taking this approach.

“Well, first of all, I know what you’re implying,” Jones said in reply to a question asking about the status of Parsons’ contract in regard to Lamb and Prescott’s. “He’s not a backburner issue, but that’s not the point. You’re saying, ‘how about the urgency of his contract?’ And I think that, obviously, Micah’s a key player for the Cowboys and, in my mind, just really getting started.

“It’s exciting with what (Cowboys defensive coordinator Mike Zimmer)’s got him (doing), how he’s practicing, and what they’re thinking about how they might be using (him) to get more production.” Jones concluded, “He’s front and center, and his potential future, relative to contract, impacts our thinking today about contracts. So, in that sense, he’s in the view, the mirror.”

Jones’ comments don’t do much to ease any concerns that Parsons is on the backburner. He lauds Parsons for his impact on the field and is excited about how he’ll work with his new defensive coordinator. He even offers that Parsons’ potential extension impacts how they’re thinking about Prescott and Lamb’s deals. But he doesn’t offer much in the way of progress on an actual Parsons extension.

It seems the Cowboys will likely do as they have done with Prescott and Lamb, taking advantage of every bit of time in Parsons’ current deal. They’ll likely scramble to try and make sure that they don’t have to pay the outrageous figures of the fifth-year option, but for now, Jones’ comments do not paint Parsons as much of a priority.

Stephen Jones On Cowboys’ Extension Efforts

July 19th, 2024 at 10:02am CST by Adam La Rose

With training camps beginning to open around the NFL, numerous extension agreements are likely to be finalized in the near future. For the Cowboys, negotiations on several fronts are ongoing.

COO Stephen Jones made an appearance on The Athletic’s Scoop City podcast to discuss where things currently stand with respect to contract talks for quarterback Dak Prescott, wideout CeeDee Lamb and edge rusher Micah Parsons. Prescott and Lamb are entering the final year of their respective deals, and keeping both in the fold while leaving enough cap resources to extend Parsons will prove to be a challenge. It is one the Cowboys are optimistic can be met, though.

“Well those things take time,” Jones said. “And we’re talking about deals here. You know when you’re talking about CeeDee and Dak and you know somebody like a Micah coming up. I mean you’re talking about two players that aren’t quarterbacks that feel like they ought to be a little bit like [Justin] Jefferson, the top-paid non-quarterbacks in the league.

“And, of course, we’ve got a big one in Dak. And we got [Trevon] Diggs right there. And then you got Zack Martin and [DeMarcus Lawrence]. And so we got a lot of guys making you know quite a bit of money. And you know that’s no excuses. We think we can get this done, know we can get it done. But it just takes time.”

Prescott’s deal is positioned to check in at the highest AAV figure, but both Lamb and Parsons have been connected to an asking price which would allow them to top their respective markets. Dallas is not looking to go to those lengths, though in any event much will depend on the particulars of Prescott’s extension. When addressing the latter point, Jones confirmed he and owner Jerry Jones have been in communication with Prescott himself as well as agent Todd France.

A Prescott accord will likely be finalized before one for Lamb – something which could lead to a training camp holdout if the franchise record-setting wideout does not have a deal in hand in the near future. Week 1 represents a more firm deadline, of course, but the start of camp will be an interesting checkpoint to watch for as Dallas continues to negotiate multiple big-ticket extensions. If the Prescott talks gain traction during the coming days, at least one item off the team’s checklist could be taken care of.

Community Tailgate: The Cowboys’ Contract Dilemma

July 10th, 2024 at 10:34pm CST by Sam Robinson

The 2019 Cowboys offseason featured several extension candidates. The team ended up paying most of them, giving extensions to Ezekiel Elliott, Dak Prescott, La’el Collins and Jaylon Smith. Dallas eventually re-signed Amari Cooper, though he hit free agency before that deal was finalized. Byron Jones departed for Miami shortly before the Cooper agreement.

Although one of the extensions — Prescott’s — affects where the Cowboys are now, this offseason’s dilemma dwarfs where Dallas stood five years ago. Three players — Prescott, CeeDee Lamb, Micah Parsons — are either in contract years or eligible for an extension. Each member of the trio can make a case to become the highest-paid player at his position. For Lamb and Parsons, that means the highest-paid non-QB. Prescott has unique leverage to force the issue into not only becoming the NFL’s highest-paid player but creating a gap between himself and No. 2 on that list.

The Cowboys are not believed to want to set markets, but they may not have a choice. This qualifies as a good problem, given the talent Parsons and Lamb have displayed on their rookie deals. Prescott has not proven himself to be as good at his position compared to the younger Cowboys stars, but as an upper-echelon quarterback, he would carry significant leverage even if his contract situation veered toward a standard place.

But Dak’s circumstances are far from standard. The former Day 3 sensation bucked the trend by playing out his fourth season, for fourth-round money, and waiting on an extension. This meant a year on the franchise tag. Despite that 2020 season being cut short by an ankle injury that still impacts him today, Prescott secured a four-year, $160MM deal just before the March 2021 deadline to apply franchise tags. Prescott became the outlier Cowboy standout, signing for less than five years, and his leverage-maximization tactics led to a procedural franchise tag and a no-trade clause. Part one of that effort looms large years later.

It is hard to overstate how much leverage the Cowboys have given their ninth-year quarterback. Not only can Prescott not be tagged or traded, an offseason restructure placed a $40.13MM dead money figure in play for 2025. That penalty would hit Dallas’ 2025 cap sheet if Prescott is not re-signed before the start of the 2025 league year. The Vikings are taking this medicine after Kirk Cousins departed in March, though Minnesota’s dead cap hit from that defection is $28.5MM.

Prescott is also tied to what would be a record-setting 2024 cap number ($55.13MM) — Dak, Deshaun Watson and Daniel Jones would each set that record barring changes to their contracts — but the void years on his contract threaten a future penalty. A Zack Martin restructure would also give Dallas a $26.5MM dead cap hit if he is not re-signed before the ’25 league year. Prescott, 30, securing a deal in the $60MM-per-year ballpark should be considered in play based on the ammo he carries.

While the 49ers have seen their Brandon Aiyuk talks impacted by another receiver market boom, the Cowboys are more directly affected by what took place in Minnesota last month. The Vikings gave Justin Jefferson a $35MM-per-year deal that includes record-smashing guarantees ($110MM in total, $88.7MM at signing). The latter figure hovers a staggering $36MM north of the next-closest wideout. Aiyuk has been tied to wanting a guarantee north of $80MM; Lamb — a two-time Pro Bowler and 2023 first-team All-Pro — has proven more and can make a stronger case for Jefferson-level terms.

As they prepare to make a strong Prescott offer, the Cowboys may well have their QB in place as a higher priority compared to their top pass catcher. Lamb can be tagged in 2025, and while the team has used its franchise tag in six of the past seven years, a cap hold near $25MM would be an issue. Though, the Cowboys — albeit without Prescott, Martin and Lamb signed for 2025 — are projected to hold more than $64MM in cap space next year. They would have an easier time tagging Lamb than the 49ers would cuffing Aiyuk. For 2024, a Lamb holdout looms. Martin succeeded down this path last year, but Lamb’s matter is different due to the WR seeking a monster extension instead of more security on an existing contract.

Expecting to become the NFL’s highest-paid non-QB, Parsons has said waiting until 2025 for his payday would be acceptable. Another cap jump and another dominant season would put him on track to command close to $40MM per year, though the Cowboys do not expect next year’s cap spike to match this year’s $30.6MM jump. If the Cowboys do finalize extensions for Prescott and Lamb this year, will three top-market contracts be a workable scenario?

Of the three, Parsons is probably the best overall player. The three-time All-Pro is tied to a 2025 fifth-year option and could be tagged in 2026, separating this matter from the near-future Prescott and Lamb deadlines. But the Cowboys will certainly need to factor in a Parsons payday as they navigate talks for their QB-WR combo.

The team would have saved money by extending Prescott or Lamb last year, but the team checked off other boxes — re-ups for Trevon Diggs and Terence Steele — as these expensive matters lingered. Time is running out for Jerry Jones and Co. to begin enacting solutions before training camp.

How will the team end up resolving this quandary? As costs rise, will trade rumors emerge surrounding one of the standouts? Weigh in with your thoughts on the Cowboys’ situation in PFR’s latest Community Tailgate.

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