The Dallas Cowboys signed Dak Prescott to a massive four-year, $160 million deal in March. It was the second-richest contract ever signed by an NFL player. Only Patrick Mahomes has signed a deal for more money.
Prescott’s deal was met with some criticism, even from Cowboys fans. On paper, that looks like — and is, of course — a ton of money. However, that is the way that the quarterback market is going. You have to pay big money to a franchise signal caller. The price never goes down; rather, the number increases year after year.
Deshaun Watson signed a four-year, $156 million deal with the Houston Texans prior to Prescott inked his contract. Not too long before Watson, Russell Wilson signed for a four-year, $140 million deal.
It was just a matter of time before a different quarterback surpassed Prescott’s yearly average. Lamar Jackson, Josh Allen, and Baker Mayfield are all eligible for contract extensions this offseason. It appears that the Ravens, Bills, and Browns would all like to keep their QBs in town.
That means that they will have to pay up — and the Dak Prescott deal will look like an even bigger bargain for the Cowboys.
JOSH ALLEN SIGNS DEAL WITH BILLS
On Friday, a quarterback did sign for a bigger contract than what the Dallas Cowboys signed Dak Prescott to.
ESPN’s Adam Schefter and Chris Mortensen reported that Josh Allen has signed a six-year, $258 million contract with the Buffalo Bills. That equates to $43 million per year. Prescott, for comparison sake, is making $40 million per year on average.
Dak Prescott is now the third-highest paid quarterback in the NFL after signing his contract earlier this offseason. Keep in mind that Jackson and Mayfield have yet to receive their extensions, but that is just a matter of time.
Prescott’s deal will look even better than it already does after those two ink contracts. Add in the fact that the salary cap is expected to increase due to TV revenue, the Cowboys look smart for signing their quarterback before the new wave of passers ink deals — even if they dropped the ball the first time around.
There are now three quarterbacks in the NFL that are making at least $40 million per year: Prescott, Allen, and Mahomes. There will soon be five after Jackson and Mayfield sign. Watson, as mentioned earlier, is making just a hair under that at $39 million.
It’s simple: if you want to keep your quarterback, you have to pay up. The Dallas Cowboys, eventually, did just that. And now, we will see Prescott’s contract continue to look like a great value.
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