DALLAS (KXAN) — Dallas Cowboys quarterback Dak Prescott signed the team’s exclusive franchise tag offer on Monday — a decision worth $31.4 million for the 2020 season.
First reported by ESPN’s Adam Schefter, Prescott signed the franchise tag offer to lock in his pay for the 2020 season while the two sides continue to negotiate toward long-term deal before the July 15 deadline.
If Dallas and Prescott can’t come to an agreement during the window, Prescott will be guaranteed to play for a lot of money, but no immediate security following the season.
However, it’s expected that negotiations will continue toward a deal over the next 23 days to keep Prescott as the leader of the Cowboys for a long time.
Prescott is entering his fifth season with Dallas. The $31.4 million deal will vault Prescott into the top 10 of highest-paid NFL quarterbacks in terms of annual salary.