Dak Prescott planning to sign franchise tag tender worth $31.4 million
Dak Prescott will officially be under contract with the Dallas Cowboys in 2020 one way or the other.
Prescott is planning to sign his franchise tender by Monday, ESPN’s Adam Schefter reports. That means he will make $31.4 million this season if he and the Cowboys are unable to work out a long-term extension by the July 15 deadline.
Once he officially signs his franchise tender, Dak Prescott will be contractually obligated to report to training camp on time, whether or not he and the Cowboys can figure out a long-term deal. Prescott is locked in for 2020 season. https://t.co/2fWqhSpv8q
— Adam Schefter (@AdamSchefter) June 21, 2020
While there was never any real risk of it happening, Prescott’s decision to sign the franchise tender means he will not be going the Le’Veon Bell route. As Schefter noted, Prescott will be contractually obligated to report to training camp on time once he signs the tender, otherwise the 2020 season would not count as an accrued year toward free agency.
Prescott and the Cowboys appear to be close on money, but the 26-year-old wants a shorter deal than the team has been offering. Dallas reportedly wants to give Prescott a five-year contract, while Prescott wants a four-year contract that would allow him to hit free agency again at age 30.
It’s not out of the question that Prescott will end up playing 2020 under the franchise tag, but there is still optimism that the two sides will be able to get a deal worked out in the next three weeks.