Report: Dak Prescott, Cowboys ‘not close’ on contract extension

The Dallas Cowboys have made it no secret that they would like to sign Dak Prescott to a long-term contract extension sooner rather than later, but the two sides are not close to a new deal.

Prescott and the Cowboys are not expected to agree to a long-term extension in the near future, ESPN’s Adam Schefter reports. Team owner Jerry Jones said earlier in the month that an agreement was “imminent,” but that was apparently never the case.

Schefter adds that there has not been any type of setback in negotiations between Prescott and the Cowboys — they simply have not gotten close to a deal.

There were rumblings that Prescott was seeking more than $30 million per year prior to the season, and he probably has not backed down from any demands he made given the way he has played through three games. Prescott has thrown for 920 yards with nine touchdowns and two interceptions, and his 74.5 completion percentage leads the NFL.

The Cowboys know they can use the franchise tag on Prescott after the season if need be, so they have some leverage. Prescott is also said to be content not pushing for a new deal because of some other revenue streams he has created, and it’s possible the negotiations could last into next offseason.