The Dallas Cowboys were facing a pretty brutal situation regarding the contract of star quarterback Dak Prescott given the large salary cap hit, but it sounds like the team was able to adjust that contract to help themselves out a little bit.
According to a report from NFL insider Field Yates of ESPN, the Dallas Cowboys have restructured the contract of Dak Prescott in such a way that it opens up $4 million in salary cap space.
“The Cowboys converted a $5M roster bonus due to QB Dak Prescott on Sunday into a signing bonus, creating $4M in salary cap space in 2024. The move reduces Prescott’s salary cap number to $55.455M, while two extra void years were added to the deal for cap purposes (void years now through 2028),” Yates said in a post on X, the social media website that was formerly known as Twitter.
The Cowboys converted a $5M roster bonus due to QB Dak Prescott on Sunday into a signing bonus, creating $4M in salary cap space in 2024.
The move reduces Prescott’s salary cap number to $55.455M, while two extra void years were added to the deal for cap purposes (void years now…
— Field Yates (@FieldYates) March 18, 2024
“This does not prevent the team and Prescott from further negotiating a long-term extension, but provides Dallas with immediate salary cap relief.”
The Cowboys have made it pretty clear that they plan to sign Prescott to a new contract. While that still could be the case, this move does provide them with a little bit of help immediately while they continue to work out those details.
