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Dak Prescott's Historic $240M Cowboys Contract Stuns NFL Fans Before Season Opener

Paul KasabianFeatured Columnist IISeptember 8, 2024

ARLINGTON, TX - AUGUST 24: Dak Prescott #4 of the Dallas Cowboys warms up before a preseason game between the Dallas Cowboys and the Los Angeles Chargers at AT&T Stadium on August 24, 2024 in Arlington, Texas. (Photo by Ron Jenkins/Getty Images)
Ron Jenkins/Getty Images

The Dallas Cowboys and quarterback Dak Prescott have agreed on a four-year, $240 million contract extension, per Ian Rapoport of NFL Network, who provided more information.

Ian Rapoport @RapSheet

🚨 🚨 🚨 <br><br>The <a href="https://twitter.com/hashtag/Cowboys?src=hash&amp;ref_src=twsrc%5Etfw">#Cowboys</a> and QB Dak Prescott have a deal! He gets a 4-year deal worth a record $240M(!) with $231M guaranteed, per me and <a href="https://twitter.com/TomPelissero?ref_src=twsrc%5Etfw">@TomPelissero</a>.<br><br>Owner Jerry Jones and agent Todd France and his team from <a href="https://twitter.com/AthletesFirst?ref_src=twsrc%5Etfw">@AthletesFirst</a> closed it out. The NFL's biggest question answered. <a href="https://t.co/mfs7Ao16Wa">pic.twitter.com/mfs7Ao16Wa</a>

The Cowboys also confirmed that Prescott signed a long-term deal.

Dallas Cowboys @dallascowboys

HERE 4️⃣ GOOD<br><br>🔗: <a href="https://t.co/Mt3vYUy9En">https://t.co/Mt3vYUy9En</a><a href="https://twitter.com/hashtag/DallasCowboys?src=hash&amp;ref_src=twsrc%5Etfw">#DallasCowboys</a> | <a href="https://twitter.com/blockchain?ref_src=twsrc%5Etfw">@blockchain</a> <a href="https://t.co/jy0ZXq02uX">pic.twitter.com/jy0ZXq02uX</a>

The contract makes Prescott the highest-paid player (per year) in NFL history, with his $60 million average annual value now No. 1 all time.

The news dropped hours before Prescott and the Cowboys were set to open their season on the road against the Cleveland Browns.

Needless to say, this was a significant Sunday morning surprise. Prescott was set to enter this season on the final year of his expiring contract, and news throughout the entire offseason indicated that things were moving along, at times, with a snail's pace (if at all).

But Prescott, who finished second in the NFL MVP race last year, is back with Dallas on a contract that now runs through 2028.

Fans reacted to the stunning news after it broke on a busy Sunday morning. Some thought he deserved the payday, while others believe the Cowboys overpaid him.

Pranav Sriraman @PranavSriraman

Wow. 96.3% of the contract guaranteed and $5M in AAV over the 2nd highest paid in Love, Lawrence, and Burrow. What a payday. Dak is worth this contract too he's been really good for about a decade now with some incredible highs and his game should age really well too. <a href="https://t.co/Ce3eTT6Ez3">https://t.co/Ce3eTT6Ez3</a>

Blogging The Boys @BloggingTheBoys

The Dallas Cowboys have a propensity to lose contract battles with the biggest superstars.<br><br>But nobody in team history has ever beaten them the way that Dak has.<br><br>He has owned them every single time.<br><br>They refuse to learn.

Dante Esposito @DanteEsposito77

Dak really gets 60 per year. Wow

Skip Bayless @RealSkipBayless

Jerry Jones just made a QB who has stunk in 3 straight playoff losses - who is 2-5 in playoff games - the highest paid player in NFL history. This is why Jerry's Dallas Cowboys have not even made it to an NFC Championship game in going on 30 years. Now I'm ... STUCK WITH DAK.

Ernie The Cowboys Fan @es3_09

Four years, $240M for Dak Prescott. HE IS A DALLAS COWBOY!!!!!!! <a href="https://t.co/WK6HreHIBM">pic.twitter.com/WK6HreHIBM</a>

TodayInSports @TodayInSportsCo

Dak Prescott right now <a href="https://t.co/a0wgbCLI2Q">pic.twitter.com/a0wgbCLI2Q</a>

𝖎𝖑𝖊𝖕𝖍 🦅 @ileph7

"Dak Prescott" and highest-paid player. I'm crying <a href="https://t.co/4QZDKcnEpW">https://t.co/4QZDKcnEpW</a>

Erik Sabine @eazy_E80

Absolutely ridiculous contract for Dak Prescott!! He's literally accomplished NOTHING to be the highest paid player in history!!

Dave C. @DaveC19760909

Highest paid player in the NFL just became Dak Prescott.<br><br>$60m. per year 😳<br><br>Lots of money for a guy who's won 2 playoff games… 2!

Jason @JMangizzle

Deal for Dak Prescott is ridiculous. Can't win the big game. Look around the league, how many QBs would you take over him?<br><br>Need to stop paying everyone the most ever for a position every contract. Pay the best players the most money.

Roberto Del Rio @RDR_FoodReviews

NGL ! I LOVE THE DEAL FOR DAK PRESCOTT <br>4YR 240MILLY !🎯💯<br>ITS IN THE BALLPARK OF THE QB PACK!🥰🥹💯

What's your number? More. @fire_at_Wi11

Jerry Jones saw those 5 INTs that Trey Lance threw and said pay Dak Prescott whatever he wants.

MANI HOUSE AFRICA @ManiHousePTY

Dak Prescott is a top-5 QB in the NFL and deserves to be the highest paid <br><br>I expect Josh Allen to eclipse the $60m soon <a href="https://t.co/oPCQdfMz28">https://t.co/oPCQdfMz28</a>

Connor DeArmitt @ConnorDeArmitt6

I'm happy for Dak Prescott he deserves that❤️<a href="https://twitter.com/hashtag/dak?src=hash&amp;ref_src=twsrc%5Etfw">#dak</a>

Micheal @meyekuel

Congratulations to Dak Prescott. Hell of a human. Deserves every blessing in his life.

Regardless of opinions, Prescott is here to stay, and his focus is clearly on winning the Super Bowl.

Clarence Hill Jr @clarencehilljr

Cowboys QB Dak Prescott confirmed the deal via text, said "it's time to go win"

Week 1 of that quest begins Sunday at 4:25 p.m. ET in Cleveland.