Dak Prescott, Cowboys miss key deadline for long-term contract extension
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Star Dallas Cowboys quarterback Dak Prescott will play out the 2020 season on an exclusive franchise tag after talks with team officials failed to yield a long-term agreement ahead of a key deadline Wednesday.
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Prescott, 26, will be paid $31.4 million for the season. NFL teams had until 4 p.m. EDT to sign franchise-tagged players to long-term contracts. Without a deal in place, further negotiations can’t occur until after the season.
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The Cowboys’ final offer to Prescott prior to the deadline included an annual salary of up to $35 million, a $50 million signing bonus and a total of $110 million in guaranteed money, NFL Network reported. Contract talks broke down in the spring.
The two sides reportedly disagreed on the length of a potential deal, with Prescott preferring a four-year term and the Cowboys pursuing a five-year term.
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The Cowboys selected Prescott in the fourth round of the 2016 NFL Draft. Prescott led the Cowboys to a playoff appearance in two of his first four seasons.