The Cowboys and Dak Prescott could face complicated contract negotiations with Dallas needing to find ways to quickly create cap space.
The Cowboys are in a precarious position.
Dak has one year remaining on his current four-year deal with a $59.455 million cap hit. He’s in line for a new contract that will make him among the highest paid at the position, and that should happen during the offseason.
Things are trending well for that to happen because Dak has a ton of leverage over the team as that has been pointed out in a noteworthy post on X.
Jerry Jones has made it clear that even after watching the Cowboys flame out in the playoffs again, “Dak has done nothing to change my mind about any promise for the future.” He also still believes that his team “will go as far as Dak takes us.”
The Cowboys have to reduce his cap hit and the only real way to do that is to give Prescott an extension.
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Prescott was an MVP candidate most of last season and is one of the top quarterbacks in the NFL. Prescott threw for 4,516 yards, 36 touchdowns, and nine interceptions while leading the NFL’s highest-scoring offense.
There aren’t a lot of options here. The deal and the cap situation have Jones backed into a corner. He can’t use Prescott’s 2-5 record in the playoffs against him right now.
It’s unclear what the structure of the next deal for Prescott would be. If a deal doesn’t get done before the start of the 2024 season, the Cowboys would run the risk of Prescott refusing to negotiate in-season.
