Dak Prescott has a year left on his rookie contract, however, the Dallas Cowboys have made it clear that they are working on a deal. So how much will he get?
Late last week, Dallas Cowboys’ quarterback Dak Prescott addressed rumors that he would take a team friendly contract like New England Patriots’ Tom Brady.
“Nobody’s wife makes as much money as his wife does either. When Tom Brady isn’t the breadwinner in the home, then that’s a great problem to have.” Prescott said. “So in that case, he can do that. He can do his contract however you want to do it.”
Some fans have been on board with extending Prescott’s contract for a reasonable price, but let us be realistic. Prescott has led the way to two divisional titles, a playoff win, a 32-16 regular season record, and two Pro Bowl appearances in his first three years in the NFL. That is very accomplished.
Now compare his production to how he is being compensated. This last year, Prescott received $725,000 from his contract. This ranks as the 55fth highest paid quarterback in the NFL, per Spotrac.
Prescott feels, and rightly so, that he deserves to be paid fairly according to what he has done for Dallas. Prescott has had no injury problems, off the field issues, and is a good player that is growing. The best thing the Cowboys could do is pay him now.
When you buy stocks, you purchase them when they are low and are destined to grow. Here are the scenarios for the Prescott contract situation:
- The Cowboys could invest around $25-27 million into Prescott this offseason, securing him to a long term deal. Prescott continues to progress, and the Cowboys bought him early for cheaper to the $33+ million he would seek in the 2020 offseason.
- The Cowboys decide to wait to secure Prescott to a long term deal. In 2019 Prescott is fantastic, the Cowboys have to pay much more in 2020 than they would if they paid him earlier.
- Dallas spends $25-$27 million dollars and Prescott is terrible in the regular season. The Cowboys are in a bind for the next half a decade with a hefty cap figure to a failing quarterback.
- Dallas does not pay Prescott in 2019 and he does not do so hot in the regular season. The Cowboys decide to sign him for cheap and invest their first-round pick into a quarterback.
These are possible endings to this debate. Someone is going to look smart, and someone is going to look dumb–we have to wait and see. But basically, it boils down to whether you think Prescott is a franchise quarterback. If you say he is, then pay him now. If he is not, then wait it out and see how he is in 2019.
It is well known that Jerry Jones (owner/general manager) has faith in Prescott. Jones does not want there to be a possibility of losing Prescott next offseason so he will tie the knot this summer. Signing any player to a large contract, especially the quarterback has long-lasting implications. Paying Prescott is a gamble, but Mr. Jones is no stranger to risk.
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