Is Dak Prescott Nearing the End of His Tenure as Cowboys Quarterback?

The Dallas Cowboys have opted for a prudent approach regarding quarterback Dak Prescott’s contract, opting for a “modest kicking of the salary-cap can in 2024.” With Prescott’s current deal set to expire in 2024, carrying a significant cap figure of $55.455 million, the Cowboys seem content to let him play out the remainder of his agreement without immediate plans for an extension or franchise tag in 2025.

This decision signals a shift in leverage, as Prescott would have held the upper hand if the Cowboys were compelled to negotiate an extension. However, by delaying any action, the Cowboys may have limited Prescott’s ability to secure a market-value deal, potentially leading him to explore free agency in 2025, where his talents could attract considerable interest from other teams.

The pressing question now is how much other clubs will be willing to offer Prescott. Similar to Kirk Cousins, who secured a $45 million contract with the Falcons after departing from the Vikings, Prescott’s cap number suggests he could command upwards of $55 million annually, although this falls $10 million short of the current high-end average. The Cowboys’ decision to adopt a wait-and-see approach may prompt other teams to make competitive offers, ultimately determining Prescott’s market value.

With Prescott’s future in Dallas uncertain, the Cowboys face the prospect of his departure impacting their salary cap significantly next year. Therefore, it would be prudent for the organization to consider re-signing him before this scenario materializes, ensuring better control over the financial implications. However, for the time being, the Cowboys appear resolute in not allowing concerns over Prescott’s cap hit or potential departure to compel them to exceed their predetermined financial boundaries.

Come March, Prescott will be faced with a critical decision: accept the Cowboys’ best offer or explore opportunities with other teams, potentially sacrificing the national spotlight he enjoys in Dallas. The pivotal factor in this scenario will be whether another team presents an offer exceeding what the Cowboys are willing to pay.

In conclusion, the Cowboys’ decision to adopt a patient approach could reshape the dynamics of Prescott’s contract negotiations, setting the stage for an intriguing offseason in 2025.