Dak Prescott and the Dallas Cowboys have agreed to a massive four-year, $240 million contract extension ahead of their season opener against the Cleveland Browns, as reported by NFL Network Insiders Ian Rapoport and Tom Pelissero. The deal includes $231 million guaranteed and an $80 million signing bonus, making Prescott the highest-paid quarterback in NFL history at $60 million per year.
Prescott’s extension surpasses the recent deals of quarterbacks like Joe Burrow, Trevor Lawrence, and Jordan Love, all of whom signed contracts worth $55 million in average annual value. The new deal keeps Prescott in Dallas through the 2028 season, his age-35 year. This is Prescott’s second extension with the Cowboys, following a four-year, $160 million deal in 2021.
At 31, Prescott is coming off a career-best season, leading the league with 410 completions and 36 touchdowns, and finishing second in MVP voting. His improvement since the 2022 season, where he led the NFL with 15 interceptions in just 12 games, solidified his position as the Cowboys’ franchise quarterback. The Cowboys avoided a potential free agency showdown in 2025, where Prescott could have demanded even more, especially with the leverage of having been franchise-tagged twice before.
Cowboys owner Jerry Jones expressed confidence throughout the offseason in locking down Prescott, as well as other stars like CeeDee Lamb and Micah Parsons. With Prescott and Lamb now signed to near-record deals, the Cowboys can focus on a pivotal 2024 season and re-signing Parsons, the two-time All-Pro and Defensive Player of the Year candidate.
The Cowboys are now “all in” on their quarterback of the present and future, as they look to make a deep playoff run with Prescott at the helm.