Prescott’s intent to signal was confirmed to Calvin Watkins of the Dallas Morning News.
The two sides nonetheless have till the July 15 deadline to attain a long-term extension earlier than Prescott is locked into enjoying on the tag for the 2020 season.
Prescott has reportedly already turned down a five-year deal that may have been price $175 million with greater than $100 million assured. It is believed Prescott is searching for a four-year contract that can make him the highest- or second-highest paid quarterback within the league.
By agreeing to play underneath the tag, Prescott ensures himself much more cash for subsequent season within the occasion that the Cowboys tag him once more and in addition will get himself one step nearer to hitting unrestricted free company and the potential of incomes a large payday with one other group.
Of course, with the NFL’s 2020 salary cap of $198 million set to plummet thanks to COVID-19, it could be in Prescott’s greatest curiosity to work out a long-term take care of Dallas now. Whether he is good enough to merit one is one other matter completely.
Once the 26-year-old indicators on the dotted line, he can be contractually obligated to report to coaching camp on time, which is tentatively scheduled to open the third week of July.
Should one thing fall by means of with Prescott, the Cowboys can all the time flip to backup QB Andy Dalton, who signed in Dallas in the course of the offseason after spending 9 seasons in Cincinnati because the beginning quarterback for the Bengals.
Late Monday afternoon, the group acquired Prescott’s signed franchise tender.
Cowboys formally have acquired Dak Prescott’s signed, $31.four million unique franchise tender, per supply.
The two sides have till July 15 to work out a long-term deal, in any other case one can’t he completed till after this season. Clock working however Prescott underneath contract for 2020.
— Adam Schefter (@AdamSchefter) June 22, 2020
picture :Quarterback Dak Prescott of the Dallas Cowboys at AT&T Stadium in 2019.Ronald Martinez/Getty Images