Awaiting extension from Cowboys, Dak Prescott restructures deal to create cap space

Dak Prescott helps out the Dallas Cowboys as he nonetheless awaits a long-term extension from the group.

All sides correct to remodel the quarterback’s word of honour for the 2024 season, changing a $5 million roster bonus right into a signing bonus, ESPN reported Monday. With the go, Prescott’s cap quantity for the next season used to be decreased to $55.455 million, opening $4 million in cap dimension for the Cowboys. 

Then again, the restructure additionally provides two extra void years to Prescott’s word of honour, giving him 4 void years overall that run throughout the 2028 season. Prescott is coming into the endmost season of his do business in, so if the 2 facets are not able to comply with a pristine do business in and the famous person quarterback leaves in detached company then offseason, the void years will rely as a lifeless cap clash for the Cowboys.

The word of honour restructure doesn’t preclude the 2 facets from negotiating an extension. With the addition of 2 extra void years, the Cowboys may well be extra incentivized to get a do business in carried out with Prescott to steer clear of having lifeless cap fees for the foreseeable day as in addition they paintings to secure a couple of alternative noteceable names in Dallas. 

Prescott and the Cowboys have each stated that they effort to get an extension carried out this offseason, so he isn’t taking part in in a word of honour yr, which isn’t too common for a longtime foundation quarterback. The Cowboys have carried out that two times within the life although with Prescott, giving him the franchise tag two times next his rookie do business in expired ahead of agreeing to a four-year, $160 million do business in in 2021.

Previous in March, Prescott was optimistic that the 2 facets would comply with an extension. 

Must Cowboys fanatics be fearful a few attainable Dak extension?

“I’m definitely confident,” Prescott stated on his word of honour condition. “Obviously, it helps the team. It’s important for the numbers. I think I’ve heard Jerry [Jones] say that. … It is a process. Both sides understand that. Everything’s great. 

“It’ll occur.”

Jones seemed hopeful that an extension will get done at some point as well, telling reporters at the combine that he doesn’t “concern” the 2024 season being Prescott’s last in Dallas. But the Cowboys owner didn’t seem to place great urgency on getting a deal done in the coming months, either.

“We don’t wish to [extend Prescott’s deal], however we will if everyone needs to unravel it,” Jones said on Friday. “You’ll get in and get at the identical web page and spot if you’ll be able to come to an oath. If you’ll be able to’t, what we have now in park works. And so clearly, in case you do it a technique, you’ll be operating thru one of the most alternative grounds at the group another way, however you’ll be able to’t actually plan on that till you spot while you’re there.”

The 2024 season could serve as a make-or-break year for Prescott and head coach Mike McCarthy. In the three seasons that Prescott has finished the year healthy playing under McCarthy, the Cowboys have had a disappointing end to the season in the playoffs. Last season might have been the most disappointing finish of them all, losing to the Green Bay Packers by multiple scores to become the first team to lose to a seventh seed in the playoffs.

Still, the 30-year-old Prescott arguably played the best football in his career in 2023. He had career-bests in completion percentage (69.5) and passer rating (105.9) and threw for the second-most yards (4,516) and touchdowns (36) in his eight-year career. He earned second-team All-Pro honors as a result. 

Following the restructure, the Cowboys now have a negligible lower than $9 million in cap dimension, according to OverTheCap.com. 

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