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Tuesday, January 20, 2026

Cowboys, Dak Prescott Agree to Record Contract Extension

  • The extension, which sets multiple records, was reportedly completed five hours before the Cowboys’ first game of the season.
  • Prescott was set to be a free agent next year, with the Cowboys barred from using a franchise tag.
Jerome Miron-USA TODAY Sports

Mere hours ahead of the Cowboys’ season debut in Cleveland, a year-long standstill is over.

Per NFL Media Dak Prescott has agreed to a four-year deal worth $240 million dollars, with a staggering $231 million guaranteed. The $60 million per year figure is the highest in NFL history, easily clearing the $55 million per year marks of Trevor Lawrece, Joe Burrow, and Jordan Love. The guarantee is also the largest in NFL history, outpacing DeShaun Watson’s $230 million.

The 30-year-old Prescott was entering the final season of his previous contract and set to become an unrestricted free agent next year. A clause in that deal included a no-trade clause and also restricted Dallas from using the franchise tag.

Prescott is a three-time Pro Bowler who led the NFL in passing touchdowns in 2023. He’s been one of the NFL’s best statistical QBs since debuting, but Dallas has only won two playoff games during his tenure.

https://twitter.com/DMRussini/status/1832807541941666276

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