Dak Prescott is currently heading into the final season of his contract with the Dallas Cowboys, and that puts the team in a pretty horrible situation.
According to a report from league insider Ian Rapoport of the NFL Network, there is “no indication” that the Cowboys and Dak Prescott are nearing a new deal even though he is in a contract year.
“The #Cowboys and QB Dak Prescott have a mutual understanding of his contract situation, sources say, with no offers from Dallas despite him being in a contract year. Owner Jerry Jones said, ‘We are where we are, locked and loaded for this year.’ No indication a deal is coming,” Rapoport said in a post on X, the social media website that was formerly known as Twitter.
The #Cowboys and QB Dak Prescott have a mutual understanding of his contract situation, sources say, with no offers from Dallas despite him being in a contract year. Owner Jerry Jones said, “We are where we are, locked and loaded for this year.”
No indication a deal is coming. pic.twitter.com/JtW5lqHzSG
— Ian Rapoport (@RapSheet) March 26, 2024
Prescott has a no-trade clause and a no-tag clause in his contract. So if the Cowboys are unable to sign him to a contract extension this offseason, he will become a free agent at the end of the season and could leave the team – and that would have disastrous ramifications for the Cowboys.
Based on the way the Cowboys have structured Prescott’s contract, he would still count $40.460 million in dead money against the team’s cap in 2025 even if he did leave the team following the 2024 season.
So if the Cowboys aren’t able to work out a new deal with Prescott, there’s a chance that they could lose their starting quarterback and have to take a cap hit of over $40 million.
