Dak Prescott's Stats, Metrics, Game Logs, Projections & Rankings

Dallas Cowboys quarterback Dak Prescott said that he has not started contract-extension negotiations with the team yet, but he did meet with owner Jerry Jones a few weeks ago to discuss the situation. Prescott said he doesn't want to be the highest-paid QB in the league "necessarily" and wants to put the team in the best situation. The 30-year-old had the best season of his career in 2023, but the team flopped again in the postseason, which could make the Cowboys hesitant to do a long-term deal with the former fourth-round pick in 2016 out of Mississippi State. However, an extension would help Dallas lower Prescott's $55.46 million salary cap hit in 2024. Prescott looked great in 2023, but his lack of rushing at the QB position keeps him from upper-tier QB1 status.

The Dallas Cowboys and quarterback Dak Prescott have a mutual understanding of his contract situation, according to sources, with no offers from Dallas despite Prescott being in a contract year. "We are where we are, locked and loaded for this year," owner Jerry Jones said. With no indication of a new deal coming, it looks like the 30-year-old signal-caller will play out the 2024 season on the final year of his contract. The three-time Pro Bowler threw for 4,516 yards and a league-high 36 touchdowns in 17 regular-season games in one of his best showings, but the Cowboys fell flat in the playoffs yet again. There's still time for the two sides to work something out to help ease the burden of Prescott's $55.46 million salary cap hit this year. Fantasy-wise, Prescott will be a QB1 consolation prize after the elite names at the position come off the board.

The Dallas Cowboys converted a $5 million roster bonus due to quarterback Dak Prescott on Sunday into a signing bonus, creating $4 million in salary cap space for the 2024 season. The move reduces Prescott's salary cap number this year to $55.455 million, while two extra void years were added to his deal for cap purposes (void years now through 2028). It doesn't prevent the Cowboys and Prescott from further negotiating a long-term contract extension, but it gives the team some immediate cap relief. The 30-year-old made his third Pro Bowl in 2023 and had an excellent regular season, throwing for a league-high 36 touchdowns and 4,516 yards while completing a league-high 410 passes. Prescott isn't an elite fantasy QB because of his lack of rushing ability, but he's a fine consolation prize if you don't spend big money on the elite tier.

Dallas Cowboys quarterback Dak Prescott has faith that he and the team will be able to work out a new long-term deal. "I'm definitely confident, obviously it helps the team and it's important for the numbers. I've heard Jerry say that. This is a process, both sides understand that. Everything is great. It will happen," Prescott said. The 30-year-old carries a $59.455 million salary cap hit in 2024, so the Cowboys were hoping to work out a new deal with Prescott before the start of free agency next week. He'll have a base salary of $29 million, and the Cowboys currently sit just over $4 million over the cap. While Prescott isn't an elite fantasy QB1, he's right behind the top tier after delivering a league-high 36 touchdown passes and only nine interceptions while throwing for 4,516 yards in 17 regular-season games in 2023.

ESPN's Dan Graziano isn't as convinced as most people that quarterback Dak Prescott will get a lucrative contract extension from the Dallas Cowboys. His current salary cap number for 2024 is $59.455 million, which is huge, and an extension would be the obvious way to reduce that number. However, Prescott has a lot of leverage with one year left on his current deal and a clause in his contract that prohibits the team from franchising him. The 30-year-old hasn't made it easy on Dallas in the past, either. If the two sides don't make progress on a deal, the Cowboys could save around $18.5 million in cap space by converting Prescott's 2024 salary into a signing bonus without adding any more void years. However, doing that would result in Dallas carrying a cap charge of around $55 million on Prescott in 2025.