Situation could change before July 15 deadline but a source said Sunday afternoon Cowboys are not close to reaching a multi-year contract with QB Dak Prescott. He would enter 2020 season on $31.4M franchise tag if no deal by deadline.
— Calvin Watkins (@calvinwatkins) July 12, 2020
If the two sides do not come to an agreement, Prescott will play under the franchise tag (valued at $31.4 million).
The Chiefs just handed Patrick Mahomes a massive, $504 million deal and while Prescott won’t reach those heights on a new contract, he is looking to land a pact that makes him one of the highest-paid QBs in the league. Something that tops Russell Wilson‘s $35 million per year deal would suit the former fourth-round pick.
The Cowboys have made the postseason in two of Prescott’s four seasons as the starter, winning one playoff game. Dallas is -260 to make the postseason in 2020 (Fan Duel).