The Dallas Cowboys appeared set to enter the 2024 NFL season with Dak Prescott taking part in on an expiring contract.
However the day earlier than the Cowboys opened the season in opposition to the Cleveland Browns, the 2 events have been capable of conform to a long-term extension to maintain the long-time Cowboys quarterback in Dallas.
Prescott detailed that Jerry Jones got here to him earlier than observe and indicated that he wished to get the deal over the end line.
“‘He stated, ‘Let’s shock the world.’ (It) considerably shocked me. However it received performed. However that was actually it. It was quick and candy,” Prescott defined, per USA In the present day’s Chris Bumbaca. “He stated, ‘Let’s get this factor behind us.’ However that simply gave me confidence that they have been attempting to get this factor performed, that we have been going to fulfill within the center.”
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The 81-year-old Jones was happy {that a} deal got here collectively and expressed he was grateful Prescott could be remaining with the crew long-term.
“There’s a number of me that hopes Dak is our quarterback for the remainder of my time – and that’s simply not restricted to the phrases of this contract, both,” Jones stated.
Jones actually put his cash the place his mouth is and gave Prescott a record-breaking contract to indicate his dedication to the 31-year-old quarterback. Here is what to find out about Prescott’s deal and the place it locations him among the many NFL’s highest-paid gamers.
Dak Prescott contract particulars
Prescott signed a record-breaking contract extension with the Cowboys on eve of the NFL season. The phrases of the deal have been as follows, per Spotrac.com:
- Time period: 4 years
- Whole worth: $240 million
- Common annual worth (AAV): $60 million
- Assured cash: $231 million
The deal was tacked onto the one 12 months remaining on the four-year, $160 million contract he signed with the Cowboys forward of 2021 free company. That may tie Prescott to the Cowboys via the 2028 marketing campaign, his age-35 season.
Prescott will carry an annual cap hit of at the very least $62 million per 12 months as a part of his extension. Dallas might look to defray these prices by restructuring his contract and including void years – a typical accounting methodology NFL groups use to push wage cap hits into future years – if the deal turns into too expensive.
Both approach, Prescott goes to be with the Cowboys long-term, as proprietor Jerry Jones believes the veteran quarterback represents Dallas’ greatest probability at profitable a Tremendous Bowl.
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Who’s the highest-paid NFL participant?
Prescott turned the NFL’s highest-paid participant by way of AAV when he signed his new take care of the Cowboys.
AAV is the metric mostly used to evaluate the relative value of gamers given the various lengths of NFL contracts. Prescott is formally the NFL’s first $60 million man, besting the earlier trio of AAV leaders – Joe Burrow, Trevor Lawrence and Jordan Love – by $5 million.
Prescott additionally acquired extra assured cash than any participant in NFL historical past as a part of his signing. He beat the earlier document, held by Cleveland Browns quarterback Deshaun Watson, by $1 million. The one distinction between the 2 offers is that Watson’s contract was totally assured whereas Prescott’s was solely 96.25% assured.
The full worth of Prescott’s contract, nonetheless, ranks simply eighth league-wide. Chiefs quarterback Patrick Mahomes is the chief in that class because of the 10-year, $450 million deal he signed with Kansas Metropolis in 2020. Six different gamers, all quarterbacks, can even make as much as $255 million or extra over the period of their offers.
Full record of highest-paid NFL gamers
No matter which metric you prefer utilizing, the ten highest-paid NFL gamers are all quarterbacks. Under is a have a look at who has the best AAV, ensures and complete contract worth for the 2024 NFL season.
AAV
- Dak Prescott, Cowboys: $60 million
- Joe Burrow, Bengals: $55 million
- Trevor Lawrence, Jaguars: $55 million
- Jordan Love, Packers: $55 million
- Tua Tagovailoa, Dolphins: $53.1 million
- Jared Goff, Lions: $53 million
- Justin Herbert, Chargers: $52.5 million
- Lamar Jackson, Ravens: $52 million
- Jalen Hurts, Eagles: $51 million
- Kyler Murray, Cardinals: $46.1 million
Assured cash
- Dak Prescott, Cowboys: $231 million
- Deshaun Watson, Browns: $230 million
- Joe Burrow, Bengals: $219.01 million
- Justin Herbert, Chargers: $218.74 million
- Trevor Lawrence, Jaguars: $200 million
- Lamar Jackson, Ravens: $185 million
- Jalen Hurts, Eagles: $179.4 million
- Jared Goff: $170.61 million
- Tua Tagovailoa: $167.17 million
- Jordan Love: $160.3 million
Whole contract worth
- Patrick Mahomes, Chiefs: $450 million
- Joe Burrow, Bengals: $275 million
- Trevor Lawrence, Jaguars: $275 million
- Justin Herbert, Chargers: $262.5 million
- Lamar Jackson, Ravens: $260 million
- Josh Allen, Payments: $258.04 million
- Jalen Hurts, Eagles: $255 million
- Dak Prescott, Cowboys: $240 million
- Kyler Murray, Cardinals: $230.5 million
- Deshaun Watson, Browns: $230 million
It must be famous that Patrick Mahomes restructured his $450 million pact to be value a complete of $208.1 million in ensures over the 2023-26 NFL seasons. The 2 sides will revisit the deal after the 2026 season, which makes it probably that Mahomes’ precise AAV will finally find yourself being higher than its official itemizing of $45 million.
And for these questioning, Justin Jefferson is the NFL’s highest-paid non-quarterback in AAV ($35 million per 12 months) whereas Nick Bosa has the biggest total contract amongst non-quarterbacks ($170 million).