Cowboys, Prescott fail to sign contract extension

Dallas Cowboys quarterback Dak Prescott (4) stands behind center during the first half of the team's NFL preseason football game against the San Francisco 49ers in Santa Clara, Calif., Saturday, Aug. 10, 2019. (AP Photo/Jeff Chiu)

The Dallas Cowboys and quarterback Dak Prescott failed to reach a contract extension by 4:00 p.m. ET Wednesday.

Prescott and the Cowboys are precluded from negotiating a contract extension until the end of the 2020 season, under which the former 2016 fourth-round pick will make $31.4 million from his exclusive franchise tender.

The two-time Pro Bowler wanted a shorter contract than the five-year deal that the Cowboys offered. Prescott will be surrounded by a bevy of high caliber weapons with Pro Bowl receiver Amari Cooper and All-Pro running back Ezekiel Elliott. Dallas’ passing attack will also feature third-year standout Michael Gallup and rookie receiver CeeDee Lamb from Oklahoma. The Cowboys offensive line is anchored by two All-Pros in left tackle Tyron Smith and right guard Zack Martin.

Since taking over for an injured Tony Romo in following the third preseason game in 2016, Prescott has not missed any of his 64 games with Dallas, leading the Cowboys to a 40-24 record, including two NFC East titles and a wild-card playoff win in 2018.

With the pieces in place to succeed, Prescott can bulwark his salary demands or terms of his contract when negotiations begin at the end of the season. If Prescott has a down season, the Cowboys could gain greater leverage to encourage the former Haughton Buccaneer to sign a team-friendly contract.