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Dak Prescott likely to sign extension this summer?

Matt Johnson
Dallas Cowboys QB Dak Prescott
Raj Mehta-USA TODAY Sports

As the Dallas Cowboys prepare for training camp, the spotlight is shifting once again to Dak Prescott’s future in Dallas. While discussions on a new contract extension have seemingly stalled, there seems to be hope for a contract extension.

Dak Prescott expected to sign contract extension by the deadline

The Dallas Cowboys put a clock on negotiations the moment they placed the franchise tag on Dak Prescott. Dallas will now have until July 15 to convince Prescott to sign on the dotted line and negotiations have been going on for months.

Jerry Jones has no plans to let Prescott leave next offseason or even holdout this summer. However, Prescott is still insisting on a four-year contract and the Cowboys are pushing for a five-year contract. The disagreement over the length of the contract remains a major hurdle.

While talks have seemingly stopped for now, ESPN’s Dan Graziano expects an extension to get done in the near future. Once it does, Prescott is likely to either become the highest-paid quarterback in the NFL or extremely close to it.

The Cowboys should want an extension signed as soon as possible. Kansas City Chiefs quarterback Patrick Mahomes will likely land a deal that will shatter the market and represent a new bar for all of his peers to reach. While Prescott can’t match Mahomes’ success, his value to the Cowboys would further drive up a potential asking price.

Ultimately, Prescott will likely end up signing a five-year deal worth around approximately $35 million. Once the deal is signed, the Cowboys can move forward with their preparation for the season and make a run at trading for Jamal Adams.