Dak Prescott said he wanted to be a lifelong cowboy. The Cowboys insisted that there is no progress without Prescott. However, the negotiations lasted more than two years.
Prescott and Cowboys agreed to a four-year, $ 160 million deal with a $ 126 million guarantee, and two people familiar with the contract confirmed to USA TODAY Sports on Monday. People spoke on condition of anonymity because the terms had not been made public.
Prescott could earn up to $ 164 million in four years, and the deal includes a no-trade clause and no mark. Thus Prescott could return to the negotiating table in just three years from now. At this point, he will only be 30 years old.
His colleagues were eager to achieve long-term security.
“It’s no secret that we want Duck back,” Sir Lamb told USA TODAY Sports in February. “I’m sure the guys in the front office will definitely make the right decisions. I hope he’s back in 2021 and in the long run.”
With a $ 66 million signing bonus in the NFL, Prescott is set to earn $ 75 million in 2021 – one year after playing the franchise franchise worth $ 31.4 million. During his first three years, he would earn an average of $ 42 million annually, the two told USA TODAY Sports. Technically, the expiring four-year deal will span six years to give the accounting team the flexibility to score Prescott’s massive signature bonus.
Only Chief Broker Patrick Mahomes, who signed a 10-year extension of $ 450 million last July, will play on a contract with a higher annual salary or guarantee from Prescott. The Prescott deal is set to expire seven years before Mahums’ contract.
The NFL salary ceiling is set to swell amid upcoming TV contract innovations and the rise of legitimate sports gambling.
The Cowboys publicly announced Monday evening that the deal had been struck, with a more detailed press announcement scheduled for Wednesday. Prescott is expected to address reporters at the time.
The Cowboys drafted Prescott # 135 overall in 2016. He rose from midfielder in the fourth series to an immediate start in a matter of months, replacing Tony Romo as the cowboy face of the franchise. Prescott started 72 consecutive matches, including three playoffs, from 2016 through the fifth week of the 2020 season.
He amassed a regular season record from 42 to 27, throwing 17,634 yards and 106 downs to 40 interceptions. It made 24 quick relegations again plus received one quarter touchdown ahead of the surprising end of the 2020 season.
Prescott was far from his stats best season in 2020, averaging 371.2 yards per match, when a designer path skewed and suffered a compound fracture and dislocated his ankle. He was taken from the stadium at the AT&T stadium in tears, and an ambulance was waiting to take him to a local hospital for immediate surgery. Prescott hasn’t played since, though he’s walking again.
The Cowboys maintained all the time that his recovery was ahead of schedule and were confident of his potential. Cowboys owner Jerry Jones said in January that Prescott’s evolution was nothing short of a perfect image. Executive Vice President Stephen Jones added, “This is the Dak Prescott football team.” Stephen Jones said the front office is “extremely committed” to terminating the Prescott extension.
At any time since Prescott and Agent Todd France arrived at the negotiating table in February 2019, either side has said publicly they want out. But the deal that Jerry Jones said was “imminent” in September 2019, has stalled spectacularly. The two sides did not reach an agreement – or even hold meaningful discussions – until the franchise deadline of July 15 in 2020. Instead, Prescott and France bet on Prescott’s value.
“I’m a cowboy and couldn’t be happier,” Prescott told USA TODAY Sports that night. “I look forward to working alongside Coach McCarthy, the staff and my teammates to be the best team in which we can pursue our goal of the Super Bowl.”
The Cowboys finished 6-10 in McCarthy’s debut season, Prescott topping a long list of injured rookies. After Prescott was injured, the Cowboys did not win again for 42 days. Questions followed: Could a team with so many holes make a huge amount of money to Prescott? Or did the collapse that occurred in its wake overwhelmingly affirm the leadership that has been praised since its novice breakout?
The Jones family has always maintained that deadlines spur deals. This time, it was Tuesday’s deadline to put the franchise mark on Prescott that spurred the long-awaited work. Technically speaking, a person familiar with the Cowboys’ plans said on condition of anonymity, the Cowboys were still expected to designate Prescott with a franchise mark of $ 37.68 million by Tuesday’s deadline at 4 p.m. ET.
The mechanism will allow the details of the deal to be settled before the pen hits the paper. But the Cowboys and Prescott reached an agreement meaning it would no longer count $ 37.68 million against the cap in a year when COVID-19 hit revenues, and the maximum salary could shrink for the first time in a decade.
Cowboys will now have more flexibility to support their listing in the free agency. Monday, they took the most important step.
Prescott and Cowboys expressed hope so in a September interview with USA TODAY Sports. Elliott said he would fight to re-sign his classmate with the cowboy. Prescott agreed.
“I can’t imagine I’m not in that backyard with him,” Prescott told USA TODAY Sports. “We are here for the long haul together.”
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