Dak Prescott Franchise Tag

It’s starting to look like Dak Prescott franchise tag rumors are legit. The Dallas Cowboys and quarterback Dak Prescott have until Wednesday to come to terms on a long-term deal. However, it is unlikely that the two sides will come to an agreement on a new deal by then because there are no scheduled talks between the Cowboys and Prescott’s agent Todd France.

Even though things can change between now and then, it is unlikely that the two sides will come to an agreement on a long-term deal in less than 48 hours considering how slow negotiations have gone between the two sides since last offseason.

After months of negotiation, Prescott signed the exclusive franchise tag tender worth $31.4 million on June 22 that guaranteed he would not miss any of training camp. However, if they don’t agree to a deal by 4 p.m. ET Wednesday, Prescott will have to play the season on the tag and the sides can’t talk again about a long-term deal until January.

Dallas Cowboys Dak Prescott Franchise Tag News

If the Cowboys use the franchise tag on Prescott after the season, he will make $37.7 million in 2021. However, he will be less likely to sign a contract extension with the team if they use the tag on him in consecutive years.

According to reports, the biggest hang up between the two sides during contract negotiations was the length of the new deal.

The Cowboys have offered Prescott five-year deals, while France has countered with four-year options.

In March, Dallas offered Prescott a deal that averaged $34.5 million, which was second to Russell Wilson’s $35. The deal also reportedly had a guarantee of $110 million, which is similar to what Los Angeles Rams quarterback Jarred Goff received last summer.

However, with Patrick Mahomes agreeing to a 10-year deal worth $503 million, Prescott’s asking price will likely go up, especially if he leads the Cowboys back to the Super Bowl this season.