The Dallas Cowboys have just entered the tier of NFL teams that have long-term security at the quarterback position. The organization finally managed to agree to a new contract with Dak Prescott, officially announcing the news on Monday via social media.
The Cowboys didn’t disclose details about the agreement, but the NFL Network reported that Prescott inked a four-year deal worth $160 million. The contract comes with $126 million guaranteed and $66 million worth of a signing bonus. This is the largest signing bonus received by a player in NFL history.
The new deal for Dak Prescott was almost three years in the making and well-publicized. The negotiations took wrong turns at various stages, with the two sides being unable to come to terms about the contract length and guaranteed money. Reportedly, Dallas was insisting on a five-year agreement while Prescott’s representatives wanted a four-year contract.
After being unable to come to terms ahead of the 2020 NFL season, the Cowboys placed a $31.4 million franchise tag on Prescott. The 27-year-old signal-caller responded with an impressive five-game stretch, in which he threw for 1,856 yards and nine touchdowns before suffering a season-ending ankle injury.
Despite all the obstacles, Dallas and Prescott wanted to remain together, which ended up pushing the deal through. This will now allow both parties to operate without pressure in the 2021 NFL season and work together towards bringing the Cowboys back to Super Bowl.
Prescott, a fourth-round pick in 2016, has been the Cowboys’ starting quarterback for the past five years. He led the team to a 42–27 record during that period, and his stint under center resulted in two playoff appearances for the team.