Just hours before the start of the 2024 NFL season, Dallas Cowboys quarterback Dak Prescott agreed to a record-breaking four-year, $240 million contract extension. This deal makes Prescott the highest-paid player in NFL history, with an average annual salary of $60 million.
BREAKING: Cowboys, QB Dak Prescott finalizing four-year, $240M contract extension. (via @TomPelissero, @rapsheet) pic.twitter.com/vcTYPJAv3j
— NFL (@NFL) September 8, 2024
The extension includes:
$231 million in guaranteed money
An $80 million signing bonus, the largest ever in the NFL
Prescott's new contract surpasses the deals of other top quarterbacks like Patrick Mahomes, Trevor Lawrence, Joe Burrow, and Jordan Love. It locks him in as the Cowboys' starting QB through the 2028 season
Dak Prescott’s historic contract extension:
— Jess Nevarez (@JessNevarez_) September 8, 2024
???? Four years
???? $240 million
???? $231 million guaranteed
???? $60 million per year (the first $60 million player in NFL history)
???? The highest-paid player in NFL history
A Dallas Cowboy for life… here we goooooo! pic.twitter.com/d0lKHz6jp8
Last season, Prescott finished second in MVP voting after leading the league's top-scoring offense with 36 touchdown passes.
Despite the lack of playoff success so far, the Cowboys have now secured two of their star players long-term, having previously extended wide receiver CeeDee Lamb. The focus now shifts to locking up pass-rusher Micah Parsons with a lucrative contract of his own.
As Prescott prepares for the season opener against the Cleveland Browns, he acknowledged the challenge ahead: "You've got to appreciate it, honestly. You have to embrace the challenge. Right now, it's about uniting as a team... not necessarily putting pressure on ourselves but recognizing that this team will not look the same after this. That's just the nature of the business. It's now or never.
