Dak Prescott

The Cowboys’ latest offer to Dak Prescott would make him the second-highest paid QB annually, per Todd Archer of ESPN.

Fantasy Impact

The Cowboys and Prescott continue to work out a long-term extension. The current offer to Prescott guarantees around $110 million, but would fall short of Russell Wilson’s $35 million annually. Both sides have till July 15th to work out a deal. Dak would have to play 2020 on the franchise tag if an extension can’t get completed. It was reported that Prescott turned down five-year, $175M contract, but that rumor was shot down by the Cowboys. Prescott had a career-year in 2019, throwing for 4,902 yards with a 30:11 TD:INT ratio across 16 games. He is currently third among all quarterbacks in the latest expert consensus rankings.

There have been no discussions between QB Dak Prescott and the Dallas Cowboys outside of the terms that are currently on the table, reported at five-years and $175M.

Fantasy Impact

It was reported earlier that the Cowboys offered Prescott $175M over five years and that he turned down their offer, saying that he wanted “north of $45M” for the last year of his deal. Prescott more than likely wants a shorter deal so that he can capitalize on his market value in two to three years from now and potentially receive a second huge contract. The Cowboys meanwhile, want to lock him in for five years at what they believe is his current market value in order to secure their future at the quarterback position for as long as possible.

According to NFL Analyst Chris Simms, QB Dak Prescott turned down a five-year, $175M deal from the Dallas Cowboys and is seeking “north of $45M” in the final year of his new deal.

Fantasy Impact

The deal would have made Prescott the highest paid QB in NFL history. It seems like Prescott and his agency remain steadfast on a particular number and are unwilling to move off that figure. Prescott will play this season on the franchise tag that will pay him $33M, but he’s still hoping to sign a long-term extension prior to the July 15 deadline. Prescott is currently ranked as the #3 QB in FantasyPros expert consensus rankings, and should be the next QB taken in fantasy leagues this season after Lamar Jackson and Patrick Mahomes.

Dak Prescott's contract extension will "ultimately get done" said Cowboys' EVP Stephen Jones.

Fantasy Impact

Prescott and the Cowboys have until July 15th to negotiate a long-term deal. "Dak is the quarterback of our franchise now, and for many years to come. We’ve gotta get his contract, we’ve gotta get over that hurdle. But we’ll do it, it’ll ultimately get done," said Jones. Prescott is reportedly looking to sign a four-year extension worth roughly $35 million per season. He will not participate in the team's voluntarily workouts until a deal is reached. The Cowboys recently signed Andy Dalton to a one-year deal to be Dak's backup. Prescott had a career-year in 2019, throwing for 4,902 yards with a 30:11 TD:INT ratio across 16 games.

Dak Prescott and the Cowboys have reportedly had a recent session with positive implications regarding his desired contract extension.

Fantasy Impact

Prescott has made it clear for the last year that he wants a long-term deal and with both sides unable to come to agreement the Cowboys used their franchise tag on the young quarterback, which he has not signed yet. Prescott has said that he would not participate in Monday's virtual workout. As it stands, both sides have until July 15th to come to an agreement or Prescott will be subjected to the franchise tag, which he apparently does not want to play under. The reports that Prescott's club and the Cowboys met with a positive connotation is great news, but this situation will require a lot of monitoring during the offseason as a holdout appears imminent.