Beginning in 2022, the Cowboys deserve to clear an ext cap space if they select to restructure Prescott’s contract.
You are watching: Did dak prescott sign a contract
Dallas Cowboys quarterback Dak Prescott (center) laughs v owner Jerry Jones and Executive vice President and also Chief Brand Officer Charlotte Jones Anderson share a laugh together they posed for photos following a push conference at The Star in Frisco, Texas, Wednesday, march 10, 2021. Dak spoke about his fresh signed 4-year, $160 million contract with the team.(Tom Fox)
Todd France remained in his usual facet Wednesday.
Silent media observance.
The NFL agent, that represents Cowboys quarterback Dak Prescott, belong on no reporter’s clinical emergency call list. France is well-known in media circles for hardly ever returning messages or calls. So, he appeared content throughout a 79-minute news conference, sitting in a ago corner of Prescott’s friends and also family section, hearne to rather answer reporters’ questions.
Until the transaction was done.
France speak publicly after ~ the event, shedding irradiate on the wealthiest contract in Cowboys history. His comments provided some clear up on the four-year, $160 million deal’s structure, revealing how the franchise positioned itself to tweak later for extra salary lid relief.
Prescott officially signed the contract Wednesday.
Weeks ago, France established the tone to the offseason’s negotiations as soon as he reached out to the Cowboys. Critical year, your talks weren’t fertile at all last, France and the team can not to agree on the contract’s length.
“I really delighted in working v
“It to be a an excellent working relationship. And I’ll to speak this: whenever it concerned a negotiation allude that was going to make our team better and aid us through our team, we said, ‘OK, you get that.’ and also so what was really important around this deal was the structure.”
There is much more to Prescott’s contract length than that is four-year duration.
The Cowboys moved for a voidable fifth and also sixth year to be included to it.
This was done for two salary cap purposes. The very first is fairly standard. Barring an early termination that a contract, a signing bonus spreads evenly throughout a contract’s size from a value cap accountancy standpoint. Prescott got a $66 million signing bonus. Under a four-year deal, the bonus alone — without accounting for Prescott’s salary — would count counting $16.5 million annually. V the 5th voidable year, it counts $13.2 million.
So, why go the Cowboys include a voidable 6th year that doesn’t aid their lid today?
“Well, the team has actually the appropriate to autoconvert the contract at any kind of time,” said France, referring to a procedure where an NFL club converts several of a player’s salary into bonus, decreasing just how much money counts against the current year’s cap. “If they perform it next year, they have actually that extra voidable year to have that proration over.
“So right now, castle can’t use that extra year for anything. Yet the next year and the following year, they have those 2 voidable years.”
Beginning in 2022, the Cowboys can clear an ext cap space if they choose to restructure Prescott’s contract.
France moved to have actually a no-franchise-tag provision included. If the contract expires ~ the 2024 season without Prescott first being extended, the will end up being a unrestricted complimentary agent, ineligible to it is in franchise tagged favor he was last season as soon as playing on a one-year, $31.4 million deal.
“We went with a rough instance here,” France said. “When friend look at all the different materials of a contract, that’s among those materials that we assumed was important, and also we’d like not to need to go with that form of instance again.”
France credited Prescott because that his patience during the process.
Rumors regularly swirled around the negotiations. Media speculated top top the subject incessantly. Prescott stated that he focused on managing what he could control. Finally, for about a week, he believed the transaction was imminent. It climate culminated in an commitment Monday.
“That’s probably a component that is underrated in this business,” France said. “There’s the negotiation facet with the team, i beg your pardon is in and also of chin a challenge. But then on height of that, managing and also talking come the player, family and friends. And then of course, over there is you guys (reporters) that are relentless. And also of course, I’m no the ideal at responding.
“My entirety theory is I’d simply rather it is in in the elevator and shot not to make it a media circus much more than it currently was there is no me speaking. … at the end of the day, I’m not trying to success a media battle. I’m trying come negotiate a contract the finest I deserve to for the player and also get the what he deserves.”
Four years, $160 million. A no-trade clause. No franchise tagging allowed. Much more cap flexibility for the team, positioning it to surround that with far better talent.
The wait is ultimately over. Dak Prescott’s earlier and his expectations because that the Cowboys are as high together ever
After enduring many mental, physics obstacles, Cowboys QB Dak Prescott’s now reaping the rewards
Michael Gehlken. Michael Gehlken join the Cowboys beat for the Dallas Morning News in august 2019. This clues his 12th season covering the NFL, previously having reported top top the san Diego Chargers and Oakland Raiders.
Rockwall, DeSoto all set to square off in world Life field in a return of last year’s area round game
Be the smartest Dallas Cowboys fanGet the recent news, evaluation and opinion ceded straight to her inbox.
See more: Chemical Plant Explosion In Texas Today, Chemical Plant
Real. Local. Journalism.
Stand with us in our mission to discover and uncover the story of phibìc Texas