After Prescott, 27, played under the franchise label in 2020 and suffered a horrific injury that ended the season, many wondered if Dallas would be able to sign a long-term contract with Prescott and avoid him being labeled again, or if they risked losing him outright. if they choose to avoid using the tag. The new deal addresses the Cowboys` impending uncertainty in the middle and separates the still-hectic rumor mill surrounding Prescott`s contract status, which has been operating since the 2019 offseason. Dak Prescott and the Cowboys agreed to a four-year, $160 million contract with $126 million guarantees on March 8, 2021. Prescott received a full $95 million guarantee upon signing. The full guarantee includes Prescott`s base salaries for 2021 and 2022, as well as a $66 million signing bonus. According to Pro Football Talk, the remaining $31 million will be guaranteed on the 5th day of the 2022 league year. Prescott has a no-trade clause and a no-label clause in the contract. At the end of the contract, two invalid years apply on a pro rata basis. These two years are invalid two days before the start of the 2025 league year. In 2022, the Cowboys can create more than $15 million in salary cap space by reducing their base salary from $20 million to just over $1 million and converting the difference into a signing bonus for accounting purposes. This is the benefit of the additional compensatory years in the contract to spread the restructuring over five remaining years, but such a measure would add about $3.8 million to the cap figures in 2023-2024. Dak Prescott`s average annual salary is $40 million.
The $160 million contract extension over 4 years is the richest contract signed by a Cowboys player, placing him second as the highest-paid quarterback in the league. Prescott received $66 million from his contract as a signing bonus. That`s the highest number for a contract in NFL history, surpassing recent transactions from Seahawks quarterback Russell Wilson ($65 million) and Packers quarterback Aaron Rodgers ($57.5 million). FRISCO — The Dallas Cowboys and quarterback Dak Prescott recently completed two years of painstaking contract negotiations to finally forge the monster new four-year, $160 million contract. MORE: NFL Twitter reacts to Dak Prescott`s Cowboys contract “They are converting $6.5 million of his base salary for 2021 into a signing bonus fund. It is a simple “switch” built into the four-year, $160 million contract that Prescott signed this spring, which is an accounting device. No negotiation is necessary to do this and there are no financial sacrifices on the part of the player. Jones said during his visit to Shan & RJ on Tuesday: “It was planned when we signed the contract, and it`s part of the contract that allows you to manage your workforce. Everything was expected.
Prescott and the Cowboys have agreed to a four-year contract worth $160 million with a $126 million guarantee, two people with knowledge of the contract confirmed Monday to USA TODAY Sports. People spoke on condition of anonymity because the conditions had not been publicly announced. Instead of paying Prescott as a franchise player for the second year in a row, the Cowboys suspended him until the 2024 season. After earning $31.4 million in guaranteed cash in 2020 when he played that day — and came from an ankle injury that limited him to five games — Prescott wanted a combination of short-term security and long-term flexibility. In the end, he got both in a favorable deal for the team. Jerry Jones paid his star players and there was no way Prescott would be allowed to leave after wide receiver Amari Cooper and running back Ezekiel Elliott got mega contracts. The Cowboys can please these players too much and get bad contracts (see linebacker Jaylon Smith), but because they took their time with Prescott — and because he was patient to get exactly the parameters he wanted — the team and the quarterback win. Now all that`s left is Prescott to earn the value of the contract with an elitist and healthy game. Only Chiefs quarterback Patrick Mahomes, who signed a 10-year extension of $450 million last July, will play with a contract with a higher annual salary or warranty than Prescott.
Prescott`s contract expires seven years before Mahomes`s. FRISCO, Texas —- If Dallas Cowboys quarterback Dak Prescott wins a Super Bowl and plays in 50 percent of the snaps in the title game, he will earn a $1 million incentive, according to the contract he officially signs Wednesday. Here`s a breakdown of Prescott`s contract, from total value to average annual salary, and what the structure means for his future in Dallas: The Houston Texans have the same clause in their contract with quarterback Deshaun Watson. A source told 105.3 The Fan that the intention of this move was like a similar “switch-flip” with the contract of running back Ezekiel Elliott. In this step, $7 million in space was created, but overall, as Fish writes, “there`s no specific target or intent with the new space,” but “it creates a `bribe fund` in case of an endowment opportunity or emergency this year, but perhaps more importantly, teams also have the option to transfer the unused capping space to the next season.” Dak Prescott`s current contract with the Cowboys breaks down as follows: The NFL`s salary cap is expected to swell in light of upcoming TV contract extensions and the advent of legalized sports betting. .