The standoff is finally over. After two years of resistance from owner Jerry Jones and the Cowboys front office, the team finally pulled the trigger and signed their franchise quarterback to a long-term deal. According to NFL Insider Adam Schefter, the Cowboys have agreed to a 4 year deal with quarterback Dak Prescott.
This is a deal of epic proportions for the Cowboys and the league. As reported by Schefter, the official terms of the deal are 4 years, $160 million. The deal also includes a record $126 million guaranteed. The previous record for guaranteed money at the signing was Atlanta quarterback Matt Ryan, who received $94 million when he signed his deal back in 2018.
The deal can be worth up to $164 million, including incentives. Prescott will receive $75 million in his first year, a record amount for the first year of an NFL contract.
Prescott is well worth the money and has the stats to back it up. Since being drafted in 2016, Prescott has a 42-27 record with the Cowboys. He has passed for over 17,000 yards and 106 touchdowns in his first four years. Spectacular totals by themselves; those numbers would have been higher if not for Prescott’s devasting ankle injury last season. Prescott suffered a broken ankle and leg during a Week 5 win over the New York Giants. The Cowboys ruled him out for the remainder of the season just days later.
This is the fourth major contract the Cowboys have completed in the last few years. Running back Ezekiel Elliot, receiver Amari Cooper, and defensive end Demarcus Lawrence have all received deals in the last two seasons worth $15 million or more annually.