Update, 12:20 a.m., July 15: Cowboys quarterback Dak Prescott will play the 2020 season on the franchise tag.
The Dallas Morning News’ David Moore reported Wednesday that Prescott and the Cowboys had no plans to meet ahead of Wednesday’s deadline, according to sources.
QB Dak Prescott will play the season on the franchise tag of $31.4 million. After midnight, less than 15 hours before the deadline for a long-term deal, the 2 sides had no plans to meet, sources said. It will take an unexpected gesture in the final hours to avoid the inevitable.
— David Moore (@DavidMooreDMN) July 15, 2020
Under his signed franchise tag, he is scheduled to earn $31.4 million in 2020.
The NFL deadline for any player who has been franchise-tagged to finalize a multiyear contract is at 3 p.m. Wednesday.
ORIGINAL STORY FOLLOWS
Decision day for the Cowboys and Dak Prescott is quickly approaching.
The NFL deadline for any player who has been franchise-tagged to finalize a multiyear contract is at 3 p.m. Wednesday. Prescott, who the Cowboys hit with the exclusive franchise tag, has until then to agree to a deal with the Cowboys.
However, whether the Cowboys and their star quarterback will agree to terms by then appears to be in question.
A source told The Dallas Morning News’ Calvin Watkins that the Cowboys are “not close” to reaching a multi-year deal with Prescott.
Situation could change before July 15 deadline but a source said Sunday afternoon Cowboys are not close to reaching a multi-year contract with QB Dak Prescott. He would enter 2020 season on $31.4M franchise tag if no deal by deadline.
— Calvin Watkins (@calvinwatkins) July 12, 2020
Prescott, who threw for a career-high 4,902 yards and 30 touchdowns last season, is seeking a four-year deal, while the team is offering a five-year contract. A source said the Cowboys offered Prescott a contract that would come second to Russell Wilson ($35 million) in terms of average salary per year. The Cowboys also presented Prescott a deal that would surpass the most guaranteed money for a quarterback. The Rams’ Jared Goff has the most guaranteed money in the NFL at $110 million.
If the Cowboys are unable to reach a deal with Prescott, he’ll become the first quarterback in franchise history to play under the franchise tag.
Under his signed franchise tag, he is scheduled to earn $31.4 million in 2020.
Find more Cowboys stories from The Dallas Morning News here.