After addressing a few key needs in this year’s NFL draft, the Dallas Cowboys are poised to make another postseason run in 2024. Things beyond this season are less clear, though, because quarterback Dak Prescott is entering the final year of his contract.
Cowboys executive vice president Stephen Jones recently stated that extending the 30-year-old is a “priority” and that Dallas does believe in the signal-caller.
“I totally think Dak can lead us to a championship,” Jones told Mad Dog Sports Radio (h/t Jon Machota of The Athletic). “He does everything the right way. He’s certainly the leader of this football team.”
Extending Prescott would give Dallas much-needed stability at the game’s most important position, but it would also have significant financial implications. He was an MVP candidate in 2023 and is likely to command a top-of-the-market contract.
A league-leading deal—or something close to it—would heavily impact the Cowboys’ roster now and in the future.
Franchise owner Jerry Jones has stuck with an “all-in” on 2024 mantra throughout the offseason—even if his lack of free-agent activity doesn’t reflect it.
An extension for Prescott could allow the Cowboys to make a few more all-in moves before the start of the regular season.
Right now, Dallas has roughly $4.6 million in cap space available. The final year of Prescott’s deal carries a cap hit of $55.5 million. Between a $5 million roster bonus that was paid on March 18 and a $29 million base salary, his cash value for 2024 stands at $34 million.