Dak Prescott will make $66M in first year of Cowboys contract

As more specifics emerge, Dak Prescott’s new four-year, $160 million contract with the Dallas Cowboys is even more staggering than first believed.

With a $66 million signing bonus paid entirely up front – the largest in NFL history – and a base salary of $9 million in 2021, the 27-year-old quarterback will receive $75 million in the first year. That also would be a record one-year payout, according to Pro Football Talk.

Prescott’s 2022 salary of $20 million is also fully guaranteed, boosting his guaranteed money at signing to a record $95 million. The Cowboys also are obligated to lock in Prescott’s 2023 salary ($31 million) by the fifth day of the 2022 league year, PFT reported, meaning they essentially would have to cut him after one season to avoid his guaranteed money increasing to $126 million.

If he earns the full $160 million over four years, Prescott will make more over that span than Patrick Mahomes, who inked a 10-year extension worth up to $503 million with the Chiefs in July.

Prescott appeared in just five games last season; he underwent surgery to repair a compound fracture and dislocation of his right ankle suffered in Week 5 against the Giants. He had started all 16 games in each of his first four NFL seasons, however, making Pro Bowl appearances in 2016 and 2018.

Dak Prescott will make $66 million in the first year of his new contact.
Dak Prescott will make $66 million in the first year of his new contact.
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The new contract is also expected to include protections against Prescott being franchise-tagged in 2025, PFT reported, meaning he can become a free agent at 31. He played last season under the franchise tag of $31.4 million.

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