Executive Vice President Stephen Jones desires to securet Dak Prescot’s presence with the Cowboys for the long term, although he refrains from divulging specifics regarding the negotiation process. Despite the anticipation of an offseason extension for Prescott, whose current contract contains clauses prohibiting trade and tag, uncertainties persist regarding the timing of a potential agreement, primarily due to the significant impact of his hefty $59.5 million cap hit on the team’s financial flexibility.
Jones emphasized that detailed updates on the negotiation progress won’t be provided, highlighting the team’s focus on continuous communication and progress without disclosing specific details, such as timing or financial figures. While maintaining discretion out of respect for all involved parties, Jones reiterated the ultimate objective of retaining Prescott as a Cowboy, dismissing speculations about contemplating a future without the talented quarterback.
Despite falling short in the playoffs, Prescott delivered a stellar performance in the 2023 season, showcasing career-best statistics. However, with his contract expiring in 2025 and limiting Dallas’ options for trade or tagging, the urgency to secure an extension reflective of his contributions intensifies.
Although Jones refrained from outlining a definite timeline, the necessity to reach an agreement sooner rather than later remains significant, especially considering the Cowboys’ limited cap space, primarily attributed to Prescott’s substantial cap hit.
Jones acknowledged the challenges posed by managing the salary cap, particularly with star players like Prescott, CeeDee Lamb, and Micah Parsons in line for potential extensions or renegotiations. He stressed the team’s commitment to retaining these key players, acknowledging the difficulties of maintaining top-tier talent within budgetary constraints.
Regarding free agency, Jones indicated the team’s willingness to make necessary adjustments to accommodate Prescott’s cap hit while pursuing other roster enhancements. Despite the financial complexities, Jones expressed confidence in the team’s ability to navigate the challenges and prioritize securing their core talent.
In conclusion, while acknowledging the financial hurdles posed by Prescott’s contract, Jones reaffirmed the team’s commitment to retaining key players and expressed confidence in their ability to manage the salary cap effectively while pursuing success on the field.