The Cowboys used their franchise tag Roof Prescott on Tuesday, but the move was procedural. Dallas gave Prescott the exclusive tag, according to ESPN.com’s Field Yates (on Twitter), for the second year in a row. However, the two-year saga is still coming to an end. Prescott agreed to a $ 160 million four-year extension Monday night.
This move will further protect Prescott from a future tag down the line. A third tag would bump the quarterback’s award astronomically. A third tag in 2022 would have cost the Cowboys more than $ 54 million. They signed a deal Monday, instead of having its second price tag – $ 37.7 million – in their books go to a free agency.
Players have already been tagged three times; Hall of Fame Walter Jones played the tag for three seasons in the 2000s. But the system now calls for a 44% increase over last year’s salary. Dak’s extension includes a no-tag provision, but that only applies to this deal through 2024. Tuesday’s second tag would in fact not make the prospect of the Cowboys tagging Prescott at the end of another contract one. starter. This will give Dak more influence over the course of his career.
After counting $ 22.2 million by the Dallas limit for 2021, Prescott will see its limit numbers rise to $ 33.2 million in 2022, $ 44.2 million in 2023 and $ 47.2 million in ’24, according to AboutTheCap. Prescott’s base salaries for 2021 and ’22 ($ 9 million and $ 20 million, respectively) are fully guaranteed, with CBS Sports’ Joel Corry noting that the well-compensated quarterback will receive his full $ 66 million signing bonus – an NFL record figure – against the end of 2021 (Twitter link
The guaranteed base salaries and full bonus payout due this year give Prescott a guaranteed $ 95 million upon signing, setting a new NFL record. Matt RyanIts $ 94.5 million full warranty in 2018 previously topped that list. While Prescott’s 2023 salary ($ 31 million) is only guaranteed for injuries, Pro Football Talk’s Mike Florio notes that it will shift to a full guarantee on the fifth day of the 2022 league year. TL; DR: Prescott is a much richer man now.
Prescott’s total guarantees ($ 126 million) fall short Patrick Mahomes($ 141 million), and the Chiefs QB still leads the football world at an average of $ 45 million a year. But Prescott’s contract has now set records for bonus signing, fully guaranteed money, and year 1 payment. While Mahomes is signed through 2030, Prescott will have a chance to raise money again – assuming his playing level doesn’t dive in early 2020 – before turning 32.
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