Both sides have until July 15 at 4 p.m. If Prescott were to play this year on the band-aid tender, the team would need to offer the two-time Pro Bowler at least $37.68 million in 2021 — a 20% increase in salary — to prevent him from becoming an unrestricted free agent. Sadly for Prescott, the clock ran out on them, which meant he couldn’t negotiate an extension until the end of the 2020 league year. As Jerry says, ‘As money gets bigger, deals get harder.’ Certainly, we’re talking a significant amount of money here which he so deserves. By Dan Cancian On 7/15/20 at 3:42 AM EDT . The progress in the talks is readily evident, and so is the adoration between the two sides, leaving nothing left to do but figure out how to make it worthwhile for Prescott to agree to one more year. The latest rumor has Prescott reportedly asking for $45 million in Year 5, while a spin-off of that report has him asking for $45 million per year (every year), but sources tell CBS Sports neither report is accurate. It really is just a matter of time before Prescott and Jones shake hands again (hopefully with gloves on, because COVID-19). See why nearly a quarter of a million subscribers begin their day with the Starting 5. Dak Prescott Contract Latest: Dallas Cowboys Table 'Final Offer' for QB. Based off the looks of it and considering he had to be carted off the field with tears in his eyes, Prescott’s season is over and any chance he had of being signing one of the most lucrative quarterback contracts in history. Terms of Use Updated May 12, 2020 at 10:38am Getty Cowboys QB Dak Prescott The Dallas Cowboys are traveling left-of-center in an attempt to placate quarterback Dak … By contrast, Mahomes would make just $33.6 million over the same period as his 10-year extension doesn't kick in for another two years. Losing Prescott to injury on Sunday is devastating for the Cowboys' prospects this season, and obviously to Prescott as a player. Dak Prescott #4 of the Dallas Cowboys celebrates in the third quarter against the Washington Redskins in the game at AT&T Stadium on December 29, 2019 in Arlington, Texas. “By ruling out rescinding the tender, the Cowboys have accepted the fact that they’ll either give Dak a record contract or see the clock tick loudly toward a potential financial nightmare, or the departure of their starting quarterback,” Florio wrote. The Cowboys could use the franchise tag on Prescott this month. In June, he signed the $31.4 million franchise tender that ensures he’ll be on the field this year — assuming coronavirus doesn’t prevent the season from happening. Your Ad Choices *visit For The Win: https://www.ftw.usatoday.com While there are no details over the length of the proposed contract, it was previously reported the Cowboys were determined to sign their quarterback to a five-year extension. %link% Given all they've gone through to get to this point, don't go betting on Jerry Jones to suddenly give up on locking down his franchise quarterback -- especially after securing his premier defensive end, running back and wide receiver. section: | slug: dak-prescott-contract-talks-latest-offer-details-status-of-negotiations-and-outlook-on-looming-deal | sport: football | route: article_single.us | PHILADELPHIA, PENNSYLVANIA - DECEMBER 22: Dak Prescott #4 of the Dallas Cowboys reacts during the first half against the Philadelphia Eagles in the game at Lincoln Financial Field on December 22, 2019 in Philadelphia, Pennsylvania. Fisher allows that Prescott may opt for Door No. According to Mike Fisher of SI.com, Prescott has “a monster offer on the table now” worth $35 million annually with “more than” $106 million guaranteed, a fairly significant increase from the team’s last rejected proposal ($33.5 million AAV, $105 million guaranteed). A full breakdown of every NFL team's quarterback situation, with an eye toward 2021. While Prescott and the franchise are yet to resume negotiations, the contract is widely expected to be Dallas' final offer. By: Steven Ruiz. The Dallas Cowboys are traveling left-of-center in an attempt to placate quarterback Dak Prescott’s long-term contract demands. ET franchise tag deadline. Now the question becomes what happens next? Prescott let the Cowboys know that he wanted to sign a contract extension prior to the start of the regular season. In 2020, Prescott will earn a base salary of $31,409,000, while carrying a cap hit of $31,409,000 and a dead cap value of $31,409,000. Cowboys QB Dak Prescott. While attempting to scramble for a first-down, Prescott suffered a gruesome-looking right ankle injury when tackled by Giants defensive back Logan Ryan. Your favorite teams, topics, and players all on your favorite mobile devices. The Dallas Cowboys’ final offer to quarterback Dak Prescott would guarantee him a ton of money, but it appears it won’t be enough to keep Prescott from playing the 2020 NFL season on the franchise tag. 3:19 pm ET, Cowboys Offer Dak Prescott A 5-Year Contract Worth $175 Million, CBS Sports' original reporting in February, but they understand they'll have to make additional financial concessions to see it happen, was one that averaged just around $35 million annually, Vikings' mess, don't dismiss Eagles, notes, LOOK: Sad Cowboys fan goes viral on 'MNF', Zeke on his fumble issues: 'I have to be better', Mahomes quickest to 90 passing TDs, passes Marino, Vrabel uses sneaky move to help Titans stay undefeated, Bill Belichick offers high praise of George Kittle, Super Bowl odds update: Ravens, Steelers offer value. Get the day's big stories + fun stuff you love like mock drafts, picks and power rankings. Both sides have since compromised and the team stands firm at five years while Prescott plants his flag on four, with the hopes of renegotiating again sooner than later under the cash-rich salary cap structure that will be provided by both the new collective bargaining agreement and new NFL television contracts. The Prescott saga will be far from over, it seems, when today’s deadline passes. The sides have until the league-mandated July 15 deadline to work out an extension. Do Not Sell My Personal Information. The former is the second-highest paid quarterback in the league after signing an extension with the Seattle Seahawks last season worth an average of $35 million a year, while the Pittsburgh Steelers and the Los Angeles Rams pay Roethlisberger and Goff an average of $34 million and $33.5 million a year, respectively. Powered by Minute Media © 2020 All Rights Reserved. The aforementioned sources tell CBS Sports that will likely come by way of increased guaranteed money, and to my count, the latest deal offered to Prescott was one that averaged just around $35 million annually with just north of $106 million in guaranteed money, which tallies to a five-year, $175 million deal -- which he's mulling and building a counteroffer against. Let's recap where things began and where they currently stand. Yet, the quarterback wanted a four-year deal that would allow him to test the market again while he’s still in his prime. (Photo by Patrick Smith/Getty Images). To continue reading login or create an account. At this point in the contract talks between Dak Prescott and the Dallas Cowboys -- now a year in the making -- all manner of rumor has surfaced, but the reality is nothing has changed in recent weeks. Patrick Mahomes leads that particular ranking after signing a monster 10-year extension with the Kansas City Chiefs last week which will pay him an average of $45 million a year, but the Cowboys' current offer would see Prescott match be in the same range as Russell Wilson, Ben Roethlisberger and Jared Goff. As of Tuesday night, according to NFL Network, the Cowboys’ final offer to the 26-year-old Prescott was for between $33-35 million a season with more than $100 million guaranteed. The Dallas Cowboys have … But, just like any player, they wanted to secure the bag not only for themselves, but for their family. Considering he put up top quarterback statistics that campaign, you’d think the Cowboys would have ensured they’d lock him in longterm. He’s just an outstanding man, and we would never rescind the franchise tag. We think the world of him. The latter scenario “reduces” the windfall to “just” $140 million, putting Prescott and Wilson on equal footing. That is, they’re purportedly veering toward Prescott’s lane rather than meeting the 26-year-old in the middle. In March, the Cowboys placed an exclusive franchise tag on Prescott after roughly a year of contract discussions. You have 4 free articles remaining this month, Sign-up to our daily newsletter for more articles like this + access to 5 extra articles. Another astronomical contract proposal from the Dallas Cowboys was reportedly met with another turn-down from quarterback Dak Prescott.. Dak’s injury is about more than football and more than dollars and cents but unfortunately that is going to be a major part of whatever narrative comes out of this. He’s put up video game numbers this campaign with the purpose of helping them win games in a weak NFC East division. Contract Terms: 1 yr (s) / $31,409,000 Your privacy is safe with us. Dak Prescott contract negotiations: Cowboys prepared to place franchise tag on star quarterback again in 2021 Prescott suffered a season-ending ankle injury last … And there’s incentive (read: leverage) behind such a maneuver. He represents our franchise in a very positive way in terms of what we want as a leader of our team. Signing the franchise tender, however, also legally allows Prescott to avoid reporting to training camp without losing any money until Week 1 of the regular season, which is due to begin on September 10. Follow the Heavy on Cowboys Facebook page for the latest breaking news, rumors and content! 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