Dallas Cowboys quarterback Dak Prescott has signed his franchise tag tender, according to a report from ESPN’s Adam Schefter.
The Cowboys and Prescott still have not worked out a long-term contract. However, they still have until July 15 at 3:00 p.m. Central Time to work on a contract extension.
Cowboys’ QB Dak Prescott is planning to sign his $31.4 million exclusive franchise tender by Monday, source tells ESPN.
The two sides still now have until July 15 to work out a long-term deal.
— Adam Schefter (@AdamSchefter) June 21, 2020
What it does mean is Prescott, who will earn $31.4 million in 2020 under the tag, is now under contract to participate in mandatory activities, including practices, training camp, and games. In other words, the two-time Pro Bowl quarterback no longer has the advantage of holding out without it affecting his salary.
“He’s involved in a business situation and I have full confidence he will be ready to go,” coach Mike McCarthy told reporters on May 27. “They’re have been communication, this is the way these business situations go sometimes and you respect that and have all the confidence it will work out.”
The Cowboys signed quarterback Andy Dalton in the offseason to replace Cooper Rush, who signed with the New York Giants. Dalton is under a one-year contract, the same as Prescott’s tender. However, the expectation is Prescott will remain the Cowboys’ starting quarterback as Dalton serves a No. 2 and builds chemistry and cohesion in the quarterback room.