Dallas Cowboys stalwart Dak Prescott has signed a new contract extension with the franchise, penning a 4-year, worth $160 million deal on Monday.
The deal, which was on negotiable terms for the last two years, is now done on deadline day and was first reported by Ian Rapoport of the NFL Network, who claimed that Prescott will be pocketing $126 million in guaranteed money, out of the $164 million maximum value.
Dak Prescott’s extension sets a new record in the Cowboys history
After missing their star QB for the entirety of the 2020 NFL season due to a compound fracture and dislocation on his right angle, Cowboys look forward to a thumping start of the next season, with landing Dak Prescott a mouth-watering contract extension. Despite being away from the dressing room, the player did not forget Christmas gifts for his teammates.
The stupendous deal will see Prescott averaging $42 million a year for the first three seasons, which includes $75 million for the first year along with a signing bonus of $66 million, which will be a record for the franchise as the richest contract in their history.
The deal was further confirmed by the franchise via an official statement later on.
“The Dallas Cowboys agreed to terms on a new contract with quarterback Dak Prescott on Monday,” the statement from the Cowboys read, “further information and details will be released at a formal press announcement on Wednesday.”
While there hasn’t been any public reaction from Prescott yet, the two-time Pro Bowler’s brother Tad shared a heartwarming post on Twitter, hugging his sibling along with an energetic caption which read: “When your little brother gets the call. Let’s go @dak time to win the @dallascowboys a Super Bowl.”
A 2016 fourth-round draft pick out of Mississippi State, Dak Prescott has made a total of 69 appearances in his NFL career, clocking a 66% passing completion, 17,634 passing yards, 106 touchdown passes and 40 interceptions.
Right on his first senior season, Prescott was named the NFL Offensive Rookie of the Year, In the same year and in 2018 as well, he was also selected for the Pro-Bowl.
Before he was deemed unavailable due to his ankle injury, the 27-year-old only played five games in the last season, marking 9 touchdowns for 1,856 passing yards. Against the Atlanta Falcons on Week 2, Prescott finished with 450 passing yards, one passing and three rushing TDs, which earned him the NFC Offensive Player of the Week award.
After Week 3 and 4, Prescott set a new league record with passing over 400 yards for three consecutive games, having clocked 472 and 502 passing yards against Seattle Seahawks in Week 3 and Cleveland Browns in Week 4 respectively.