Dak Prescott, Cowboys miss key deadline for long-term contract extensionJuly 16, 2020
NFL unveils Oakley face shield to protect players from coronavirus
Genesco Sports CEO John Tatum breaks down how the new Oakley face shield will protect NFL players from respiratory droplets and coronavirus contamination.
Star Dallas Cowboys quarterback Dak Prescott will play out the 2020 season on an exclusive franchise tag after talks with team officials failed to yield a long-term agreement ahead of a key deadline Wednesday.
Continue Reading Below
Prescott, 26, will be paid $31.4 million for the season. NFL teams had until 4 p.m. EDT to sign franchise-tagged players to long-term contracts. Without a deal in place, further negotiations can’t occur until after the season.
WHAT IS THE NFL'S FRANCHISE TAG?
The Cowboys’ final offer to Prescott prior to the deadline included an annual salary of up to $35 million, a $50 million signing bonus and a total of $110 million in guaranteed money, NFL Network reported. Contract talks broke down in the spring.
The two sides reportedly disagreed on the length of a potential deal, with Prescott preferring a four-year term and the Cowboys pursuing a five-year term.
PATRICK MAHOMES' RECORD $503M CONTRACT DETAILS REVEALED
The Cowboys selected Prescott in the fourth round of the 2016 NFL Draft. Prescott led the Cowboys to a playoff appearance in two of his first four seasons.