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Source: Cowboys resume contract talks with QB Dak Prescott

The two sides could hammer out a contract that makes Prescott among the highest-paid players in NFL history.

As the clock slowly ticks on a contract-extension deadline, the Cowboys and quarterback Dak Prescott don’t appear to be wasting time.

The two sides have resumed discussions with Dallas recently submitting a new long-term offer, a source said Wednesday evening. Last week, Dallas placed the exclusive franchise tag on Prescott, keeping him from becoming an unrestricted free agent on March 18 and not allowing any other club to negotiate with him. The Cowboys and Prescott have until July 15 to reach a multi-year deal; otherwise, Prescott must play on a one-year tag.

How much that tag is worth won’t be finalized until April 17.

Currently, Prescott counts for $26.8 million, which is the figure for quarterbacks who received the non-exclusive tag. Ultimately, his exclusive tag amount will be the average of the five highest quarterback salaries in 2020 or the non-exclusive tag amount -- whichever is higher.

If completed, Prescott’s deal is expected to place him among the highest-paid players in NFL history.

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In This Story

Michael Gehlken. Michael Gehlken joined the Cowboys beat for the Dallas Morning News in August 2019. This marks his 10th season covering the NFL, previously having reported on the Chargers and Raiders.

michael.gehlken@dallasnews.com GehlkenNFL

Calvin Watkins. This is my 10th year covering the Dallas Cowboys. This is special for me because I've never reached the 10th year in anything, other than living. So I guess that's something to be proud of.

calvin.watkins@dallasnews.com @calvinwatkins
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