Dak Prescott is entering the final year of his contract, but he helped the Dallas Cowboys by agreeing to a restructure that creates $4 million in cap space.
Dak Prescott is helping out the Dallas Cowboys as he still awaits a long-term extension from the team. Both sides agreed to rework the quarterback's contract for the 2024 season, converting a $5 million roster bonus into a signing bonus, ESPN reported Monday. With the move, Prescott's cap number for the upcoming season was lowered to $55.455 million, opening $4 million in cap space for the Cowboys.
The Cowboys have done that twice in the past though with Prescott, giving him the franchise tag twice after his rookie deal expired before agreeing to a four-year, $160 million deal in 2021. Earlier in March, Prescott was optimistic that the two sides would agree to an extension. 'I'm definitely confident,' Prescott said on his contract situation. 'Obviously, it helps the team. It's important for the numbers. I think I've heard Jerry say that. … It is a process.
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