Dak Prescott is next in line to get paid. What would be the Dallas Cowboys going to pay him after watching Patrick Mahomes get $503 million on Monday.
If you miss your TELEVISION and listen quietly, it is possible to hear screaming. It’s originating from Dallas, and Cowboys owner Jerry Jones.
Jones saw Patrick Mahomes signing a 10-year, $503 million extension with the Kansas City Chiefs on Monday, destroying the quarterback market in unfathomable ways. Why does Jones care? Because his quarterback, Dak Prescott, is on the franchise tag.
In fact, Prescott and the Cowboys have until July 15 to find common ground on a long-term deal or Prescott will play the 2020 season on the tag. Afterwards, he’ll be slated for unrestricted free agency in March ’21.
What will Dak Prescott’s contract appear to be with the Dallas Cowboys?
Should the sides finally agree with a deal, Prescott made serious extra cash by waiting for Mahomes to get his extension done. Before Mahomes signed, the records for quarterbacks were $35 million annually (Russell Wilson) and $110 million guaranteed (Jared Goff). Now? Mahomes earned $477 million guaranteed and $45 million annually when the extension begins in 2022.
While Prescott won’t approach Mahomes’ numbers — nor will anybody for at least many years — that he should easily surpass the prior benchmarks set by Wilson and Goff.
Looking at the picture as a whole, Prescott shouldn’t struggle to and a contract worth $40 million each year. The contract length likely isn’t so long, but something in a nearby of six years and $240 million with $150-170 million fully guaranteed seems reasonable.
Just yesterday, that could have been definitely laughable.
Jerry Jones had the ability to sign Prescott before Wilson, Goff and Carson Wentz did their deals last offseason. Instead, that he waited while signing running back Ezekiel Elliott and wide receiver Amari Cooper.
Those decisions will be very, very expensive.