Dak Prescott Reported Next Contract Value Will Blow Cowboys Fan's Minds

Quarterback Dak Prescott only has one year left on his deal and could be due for a massive contract extension.

Jan 14, 2024; Arlington, Texas, USA; Dallas Cowboys quarterback Dak Prescott (4) reacts during the
Jan 14, 2024; Arlington, Texas, USA; Dallas Cowboys quarterback Dak Prescott (4) reacts during the / Tim Heitman-USA TODAY Sports

Dallas Cowboys quarterback Dak Prescott has been the signal caller for this team since 2016 when he was selected in the fourth round of the 2016 NFL Draft. Prescott is the certified leader for this ballclub and heads into the final year of his contract.

In March 2021, Prescott signed a four-year, $160 million deal. Now fast forward three years later and Prescott is back at the negotiating table with Jerry Jones and the Cowboys.

According to Bleacher Report's Jordan Schultz, Prescott could request a contract worth up to $60 million per season.

There are a lot of variables in why Prescott may lock in an extension over the next few months. First off, Prescott is scheduled to have a $59.4 million cap hit in 2024. Extending him would lower that cap hit and spread it out over the next few years. Secondly, Prescott can't be franchise-tagged next year and has a no-trade clause. Instead, he would be an unrestricted free agent.

Lastly and most importantly, Prescott is coming off the best year of his career. The three-time Pro Bowl selection was third in the NFL in passing yards (4,516), second in QBR (72.7), and first in passing touchdowns (36).

The NFL salary cap is reported to increase to $242 million in 2024, up from $224.8 million in 2023. That gives Dallas even more money to potentially throw Prescott's way.

The highest-paid quarterbacks per year are Joe Burrow ($55 million), Justin Herbert ($52 million), Lamar Jackson ($52 million), and Jalen Hurts ($51 million). Prescott has sights set on shattering those numbers and becoming the league's high paid quarterback.

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