Report: Cowboys haven't made Dak extension offers

The Dallas Cowboys have yet to offer quarterback Dak Prescott a contract extension, and there's no indication a deal is coming, sources told Ian Rapoport of NFL Network.

There's a mutual understanding from both sides, Rapoport adds.

Prescott is set to enter the final season of a four-year, $160-million extension he signed in 2021. The contract includes a no-trade or tag clause, and if the two sides don't agree on a deal, he'll become an unrestricted free agent in 2025.

The 30-year-old is scheduled to have a $55.4-million cap hit in 2024. His enormous cap hit is a big reason why the Cowboys have been unable to spend money in free agency, as the club currently ranks 29th in 2024 cap space.

Dallas and Prescott were reportedly expected to negotiate a new deal this offseason. However, owner Jerry Jones said in early March that a fresh contract wasn't something the team needed to get done.

"We don't need to (extend Prescott), but we can if everybody wants to solve it," Jones said at the NFL combine, per Jon Machota of The Athletic. "If you can't, what we have in place works."

Prescott is coming off a tremendous 2023 regular season, throwing for 4,516 yards and a league-leading 36 touchdowns. His efficiency numbers were off the charts, ranking second in success rate and EPA/play out of 30 qualified quarterbacks, according to Ben Baldwin's database.

However, Prescott's inability to lead Dallas far in the playoffs struck again last campaign. He threw two crucial interceptions in the club's wild-card round defeat to the Green Bay Packers and now owns a 2-5 record in the postseason.

"I think there are a handful or more of quarterbacks playing who haven't won a Super Bowl that will win a Super Bowl. I think Dak is one of them. I'm firm there," Jones said Sunday, according to Clarence Hill of the Fort Worth Star-Telegram.

Prescott has a 73-41 record in 114 starts as the Cowboys starting quarterback.

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