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#pounditWednesday, May 22, 2024

Cowboys make change to Dak Prescott’s contract

Dak Prescott throws a pass in Cowboys warmups

Sep 11, 2022; Arlington, Texas, USA; Dallas Cowboys quarterback Dak Prescott (4) warms up before the game against the Tampa Bay Buccaneers at AT&T Stadium. Mandatory Credit: Tim Heitman-USA TODAY Sports

The Dallas Cowboys and Dak Prescott have reached a new contract agreement, but it is not the one many have been anticipating.

According to ESPN’s Field Yates, the Cowboys converted a $5 million roster bonus that Prescott was due on Sunday into a signing bonus. The minor tweak created around $4 million in salary cap space for Dallas and reduces Prescott’s 2024 salary cap number from nearly $60 million to $55.5 million.

Yates noted that the agreement gives the Cowboys some immediately cap relief but does not prevent them from negotiating a long-term extension with Prescott.

Prescott is entering the final season of the 4-year, $160 million contract he signed in 2021. That did not change with the restructure. Though, the fact that Prescott’s cap number was lowered might make it easier for the Cowboys to have him play out the 2024 season if the two sides cannot come to an agreement on an extension over the next five months or so.

Prescott had one of the best seasons of his career in 2023 with 4,516 yards, 36 touchdowns and 9 interceptions. He has tremendous leverage in contract talks because of his recent play and salary cap figure — even if Jerry Jones does not want to admit it.

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