One of the most important issues the Dallas Cowboys will have to deal with as they approach the 2024 offseason is quarterback Dak Prescott’s contract.
According to Spotrac, Prescott is in the last year of a four-year, $160 million contract he signed with the team in 2021. That being said, this upcoming offseason is when his contract is due to be extended.
As was previously mentioned, Prescott’s contract expires in 2024. Although his contract was officially valid through 2026, the final two years expire at the conclusion of the next season, according to a report from ESPN.
Prescott’s 2024 cap hit of $59.4 million is the second-highest in the National Football League. The Cleveland Browns’ Deshaun Watson is the only player with more.
The Cowboys can now investigate a variety of options. The first option is to take no action, in which case they will be forced to accept the 2024 cap hit. It’s not ideal, though, as it reduces their degree of free agency.
They can add more voidable years to Prescott’s contract in 2024 and restructure it, but doing so will just postpone the inevitable and result in more dead money.
The last option is to give Prescott a five- or six-year contract extension, which should temporarily relieve them of the salary cap burden. After all, the Cowboys would be better off locking Prescott down to a long-term fixed cost, given how much quarterback salaries are increasing annually.
Dan Graziano of ESPN says there’s a good chance Dak Prescott will use his leverage to push back his contract negotiations with the Dallas Cowboys once more.
Prescott can reject a contract if he is unhappy with it, which puts the Cowboys in a difficult situation.
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