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Prescott, Cowboys agree to terms on contract extension with record $126M guaranteed

Dallas Cowboys quarterback Dak Prescott (4) walks the field during an NFL training camp...
Dallas Cowboys quarterback Dak Prescott (4) walks the field during an NFL training camp practice in Frisco, Texas, Thursday, Aug. 27, 2020.(AP Photo/LM Otero)
Published: Mar. 8, 2021 at 6:16 PM CST
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DALLAS, Texas (AP) - The Dallas Cowboys and Dak Prescott have finally agreed on the richest contract in club history two years after negotiations began with the star quarterback.

A person with knowledge of the deal tells The Associated Press it is a $160 million, four-year deal with a record $66 million signing bonus.

The deal comes a day before a deadline to put the franchise tag on Prescott for a second straight year at a salary cap charge of $37.7 million. Prescott’s 2020 season was cut short by a compound fracture of his right ankle.

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