The Dallas Cowboys have less than 24 hours to get a long-term deal done with Dak Prescott. This isn’t to say that the Cowboys can never get a long-term deal done with their quarterback, but if one isn’t in place by 4:00 PM ET tomorrow then they are going to have to wait at the very least until after the 2020 season. That is the way that the franchise tag works.
Over the last few days we have heard many reports concerning where things stand between the organization and the player. While most reports are centered around the idea that there has been no discussion as of late, there was one report on Tuesday afternoon that noted they are communicating. At this point it’s hard to pinpoint the exact truth.
This is all about the contract though, right? So what about it? What could it possibly be?
The Cowboys are reportedly offering between $33M and $35M with over $100M guaranteed
While the main issue between Dak and the Cowboys has seemingly been one regarding the length of the proposed deal, the financial terms of it are obviously of interest as well. On Tuesday night, NFL Network’s Jane Slater reported the latest offer from the Cowboys which is certainly sizable, but not exactly one that would put Dak above all non-Patrick Mahomes quarterbacks.
Why is the extra year a sticking point? I’m told they just don’t do 4 year extensions. The #Cowboys consider the offer top money so they want the extra year. If he doesn’t reach a deal Wednesday he plays for 31.4M in 2020 on the franchise tag https://t.co/O7TNdINeFQ— Jane Slater (@SlaterNFL) July 15, 2020
If the annual average value were in fact $35M on the dot then that would tie Dak with Seattle’s Russel Wilson for the second-highest AAV among quarterbacks. That is certainly noteworthy.
It should also be mentioned that there is reportedly “over $100M guaranteed” here, but what exactly does that mean? Los Angeles Rams quarterback Jared Goff received over $110M in guarantees last year, and not only is he of the same draft class as Dak Prescott and the number one overall pick at that, but Dak has played considerably better. “Over $100M guaranteed” isn’t exactly a detail to be boasting about here.
The reality is that this is an extremely large amount of money, there is no denying that; however, it is barely meeting the definition of market rate (without seeing the full details mind you) and what’s more is it’s not projecting for the future.
If this had been the offer from the Cowboys last year then maybe they would have had more luck with it. The reality is that this offer, while sizable, doesn’t seem like one that would entice someone that holds just about all of the leverage like Dak does to the point of giving up said leverage.
Also, it is worth mentioning that this report came the night before the deadline. We talked earlier on Tuesday about the way the Dez Bryant deal came together near the franchise tag deadline and this report with financial terms closely mirrors the way those regarding Bryant’s deal trickled out back then. It could be coincidence, it could be a sign of things to come, we simply do not know right now.