The Dak Prescott-Dallas Cowboys negotiations will be put off for another year. Prescott is scheduled to play the 2020 season on a franchise tag worth $31.4 million, which will delay a long-term offer until the end of the year.
According to USA TODAY Sports, Prescott discussed negotiations with Dallas vice president Stephen Jones prior to the NFL franchise-tag deadline on Wednesday.
“I’m a Cowboy and couldn’t be happier,” Prescott told USA TODAY Sports Wednesday night. “I look forward to working alongside Coach McCarthy, the staff, and my teammates to be the best team we can be in pursuit to our goal of a Super Bowl.”
The Cowboys are a -112 ‘chalk’ to win the NFC East this season, according to 5Dimes. They are -240 to make the playoffs, +745 to win the NFC and +1375 to win the Super Bowl.
Prescott had been seeking a deal no longer than four years, while Dallas was hoping to lock him up for at least five. The Cowboys’ latest offer was a five-year deal guaranteeing no more than $110 million, according to the report from USA TODAY Sports.
This will be just the fourth time in NFL history that a quarterback plays a season under the franchise tag. Drew Brees played under the tag for the Chargers in 2005, while Kirk Cousins was tagged in 2016 and 2017 by Washington.
BetOnline posted odds on Thursday for Prescott’s next team. If Dallas ends up agreeing to a deal with its quarterback in 2021, all wagers on the prop will push.
The Indianapolis Colts are +600 ‘chalk’ to land Prescott in 2021. Indianapolis lost quarterback Andrew Luck to retirement prior to the 2019 season and could be seeking a long-term answer at the end of this season. Philip Rivers signed a one-year, $25 million deal with the Colts in March.
Rivers’ previous squad, the Los Angeles Chargers, have the second-shortest Prescott odds at +700. Justin Herbert and Tyrod Taylor are expected to compete for the starting job this season.
Chicago (+800), Minnesota (+800) and Jacksonville (+900) could all be in the mix for Prescott at the end of the upcoming season.