The 3 options the Cowboys have when it comes to Dak
Prescott and his new contract extension
The 3 options the Cowboys have when it comes to Dak Prescott and his new contract extension
This offseason, the Dak Prescott contract extension controversy will be the subject of endless discussion
as the Dallas Cowboys attempt to determine what to do with the team’s most valuable player. There will
be a wide range of viewpoints regarding his value and how it should be handled. We might as well
become accustomed to the endless conversations.
For a few of us, this experience is rather simple. It seems as though we already know what is going to
happen; the only question left is when.
Even though we may believe that we already know how things will work out, we should strive to remain
open-minded and consider all of the options, which is what we are going to do today. We have reduced
the Dak conundrum to three choices that the Cowboys management office could consider.
OPTION 1: IN MARCH, SIGN HIM TO A NEW EXTENSION
The easiest method to take care of business is to simply execute the necessary actions and complete a
new contract prior to the NFL’s March 13 kickoff. This target date was chosen because an extension
would allow Prescott’s deal to be restructured and free up a significant portion of the $59.5 million cap
hit that is now owed for this season.
We should take a close look at the 49ers’ desperate need for another game-winning play.
Both parties would have to come to an agreement they are satisfied with for this to occur. Remember
that Prescott is entitled to his price. Jerry Jones cannot obtain a discount from him using any
sophisticated commercial negotiation techniques. Todd France, Prescott’s agent, will work to secure the
best possible outcome for his client. Bazinga, the deal’s done, and we can put this whole issue to bed if
they can come to a mutually agreeable conclusion. If not, it’s time to switch to the backup plan.
OPTION 2: EXTEND HIM IN SEPTEMBER AND TRANSFORM HIS BASE
SALARY INTO BONUS.
It won’t be the end of the world if Dak and the Cowboys are unable to reach an agreement by March.
Another option that will buy them a little time and accomplish the same thing is accessible at the front
office. The Cowboys can carry on with their annual practice of turning the majority of Prescott’s base
salary into bonus money, something they have done since he signed his last contract. This is merely an
accounting technique to disburse that base pay over several years. The majority of Prescott’s $29 million
basic pay can be distributed by the Cowboys across three years, 2024, 2025 (void), and 2026 (void), as
he has two vacant years remaining on his deal.
OPTION 2: PROlongate him until September and convert his base pay to
bonuses.
If Dak and the Cowboys can’t work things out by March, it won’t be the end of the world. At the front
office, there’s another option that will buy them a little time and achieve the same goal. As they have
done every year since Prescott’s last contract was signed, the Cowboys can continue to convert the
majority of his basic salary into bonus money. This is only an accounting method to spread out the base
salary across a number of years. Prescott has two years left on his contract, so the Cowboys may split the
majority of his $29 million basic pay over three years, 2024, 2025 (void), and 2026 (void).
OPTION 3: DO NOT EXTEND HIM AND CONVERT BASE SALARY INTO
BONUS
This is what occurs if the Cowboys decide to turn the full amount of his $29 million base salary into a
bonus.
The Cowboys will have $18.53 million more in salary space in 2024 thanks to Dak’s $59.46 million
contract hit dropping to $40.93 million. The good news is that. The bad news is that the Cowboys will
still be responsible for paying the remaining $160 million ($35 million in 2025 and $20 million in
2026) of his deal, which is $55 million of that total. Prescott will cost them a lot of money if they decide
not to extend him because he will be playing for another team after 2024.
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