It goes without saying that if and when the Dallas Cowboys and quarterback Dak Prescott come to terms on a long-term contract it will come with record-setting numbers.
But consider this whopping proposal from from former NFL agent Joel Corry: A five-year deal that voids to three, worth $124.5 million with $100 million fully guaranteed at signing, a $60 million signing bonus and an average payout of $41.5 million annually.
Corry, who now works as a contract analyst for CBS Sports, said Prescott has all the leverage against the Cowboys because of the looming franchise tag and their salary cap issues.
And if the team wants to get a deal done before the March 9 deadline to avoid placing a $37.7 million franchise tag on Prescott and triggering a potential doomsday scenario by putting Prescott one year away from unrestricted free agency, Corry says the Cowboys must concede on every major aspect of the deal.
Those aspects include length of contract, average per year, contract guarantees, signing bonus and contract structure.
Regarding length, we know talks broke down last year because the Cowboys were insistent on a five-year deal, whereas Prescott was set on four.
Corry says Prescott’s agent Todd France should now be adamant about only signing a three-year deal.
“My position would be Prescott wanted to be under contract through the 2023 season once his rookie contract expired. Insisting on a three-year deal after playing under a franchise tag in 2020 would be consistent with this thinking,” he wrote.
As far as average yearly salary is concerned, Corry said the price has gone up significantly since Prescott turned down a five-year deal worth nearly $35 million annually last year.