HomeFootball DirtJerry Jones, Cowboys Owner, Speaks on Negotiations with Dak Prescott for New...

Jerry Jones, Cowboys Owner, Speaks on Negotiations with Dak Prescott for New Contract

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The Cowboys have once again positioned themselves as a candidate to make a deep postseason run. Much of the team’s success has come from the play of quarterback Dak Prescott, who finds himself firmly in the MVP conversation.

Prescott’s play has also set him up well for negotiations on a new contract. Talks on that front have long been expected to be put on hold until the offseason. A report from last month confirmed no discussions had taken place between the Cowboys and the two-time Pro Bowler, who has played his way into a lucrative new pact over the course of this season. One year remains on Prescott’s deal, but his untenable $59.5MM 2024 cap hit leaves him in need of an extension.

During his weekly appearance on 105.3 The Fan, owner Jerry Jones spoke on the subject of a Prescott deal. Working one out will be a top priority for the team not only to keep him in place for years to come, but to also establish cost certainty under center with the likes of edge rusher Micah Parsons and wideout CeeDee Lamb also in line for extensions. Jones’ remarks present an optimistic tone with respect to an agreement being reached in the relatively near future.

“Don’t pay any attention to discussion,” Jones said, via The Athletic’s Jon Machota“It’s meaningless. The only thing that is factual here is what I decide and what we decide as a team and what Dak decides… We know exactly where we are on the contract, years left on the contract and we should be, and are, about as close on that type of communication.”

Jones noted that the timing of a deal “remains to be seen,” but the early portion of the new league year in March represents a logical deadline. Prescott is due a $5MM roster bonus on the fifth day of the 2024 league year, so it would come as no surprise if an agreement were to be reached by that point. Especially with the leverage the 30-year-old has generated this season, though, a second Cowboys extension will require a lucrative commitment.

The quarterback market saw another jump over the course of the 2023 offseason. Four young passers (Jalen HurtsLamar JacksonJustin Herbert and Joe Burrow) leapfrogged each other as the league’s highest-paid players in terms of AAV. Patrick Mahomes then worked out a restructure to his Chiefs pact which moved him higher up the pecking order at the position, one which now has four players averaging at least $51MM per season.

Prescott’s current contract (four years, $160MM) has been outdone several times with the salary cap continuing to jump on an annual basis. His next pact will surely represent a raise in terms of annual compensation, but Jones’ public stance on the matter points to more amicable negotiating process than the last time the parties were in this situation.

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