Report: No deal coming for Cowboys, Prescott: 'We are where we are'
As recently as just a few weeks ago, it seemed obvious that a contract extension for Dak Prescott was the A-1 top priority for the Cowboys front office, with a gargantuan cap hit basically forcing the club to do a new deal that both would lock in their quarterback beyond the coming season and lessen the financial impact for the organization in 2024.
A quick restructure in mid-March added two void years, converted a $5 million roster bonus to a signing bonus, and shaved off $4 million from the cap hit to bring it to $55.445 million… but it also looked to be the just first bookkeeping step in the process of a larger extension this offseason.
Now it appears that may be the only step the two sides take.
NFL Network insider Ian Rapoport reports that Prescott and the Cowboys “have a mutual understanding of his contract situation,” according to a source, with no further offer coming from the team.
“We are where we are,” Rapoport quoted owner Jerry Jones as saying. “We have our contract. We’re locked and loaded for this year.”
The #Cowboys and QB Dak Prescott have a mutual understanding of his contract situation, sources say, with no offers from Dallas despite him being in a contract year. Owner Jerry Jones said, “We are where we are, locked and loaded for this year.”
No indication a deal is coming. pic.twitter.com/JtW5lqHzSG
— Ian Rapoport (@RapSheet) March 26, 2024
Prescott’s current deal binds last season’s MVP runner-up to the Cowboys for 2024 but not beyond and would make him a free agent as soon as the Cowboys are done.
The Cowboys have already chosen to let several other big names depart in free agency this month, including longtime offensive tackle Tyron Smith, running back Tony Pollard, and center Tyler Biadasz. Linebacker Leighton Vander Esch retired due to medical reasons. And defensive coordinator Dan Quinn took the head coaching job in Washington and took several assistants with him.
Previously, it had been revealed that Cowboys head coach Mike McCarthy and the rest of his coaching staff would be working 2024 on the final year of their contracts, essentially making the coming season a prove-it campaign for the staff.
That may end up being the case for their franchise quarterback as well, with 2025 potentially shaping up to be a massive and near-total rebuild in Dallas.
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