Cowboys used their franchise label That Prescott on Tuesday, but the move was procedural. Dallas gave Prescott the exclusive label, according to ESPN.com’s Field Yates (on Twitter), for the second consecutive year. However, the two-year saga is still coming to an end. Prescott agreed to a four-year, $ 160 million extension Monday night.
This move will further protect Prescott from a future label. A third label would increase the defender’s price in an astronomical place. A third label in 2022 would have cost the Cowboys more than $ 54 million. They finalized a deal Monday, rather than having the second label price – $ 37.7 million – for their free agency books.
Players have been tagged three times before; Ability Hall of Fame Walter Jones played three seasons on the label in the 2000s. But the system now calls for a 44% increase in the previous year’s salary. Dak’s extension contains an unlabeled provision, but it only applies to this offer until 2024. Tuesday’s second label would make the Cowboys’ perspective of labeling Prescott at the end of another contract effectively. . This will give Dak more leverage throughout his career.
After counting $ 22.2 million against Dallas’ 2021 ceiling, Prescott will see his ceiling number increase to $ 33.2 million in 2022, $ 44.2 million in 2023 and $ 47.2 million in 24, by OverTheCap. Prescott’s base salaries for 2021 and ’22 ($ 9 million and $ 20 million, respectively) are fully guaranteed, with CBS Sports’ Joel Corry noting that the well-compensated defender will receive the full $ 66 signing bonus – a figure registered in the NFL – until the end of 2021 (Twitter link).
Guaranteed base salaries and full bonus payment due this year will provide Prescott $ 95MM guaranteed upon signing, which will set another NFL record. Matt RyanThe full guarantee of USD 94.5 million in 2018 previously exceeded that list. While Prescott’s salary for 2023 ($ 31) is guaranteed only for injury, Mike Florio of Pro Football Talk notes that he will move to a full warranty on the fifth day of the 2022 league year. TL; DR: Prescott is now a much richer man.
Prescott’s total guarantees (USD 126 million) do not reach Patrick mahomes($ 141 million), and Chiefs QB still leads the football world with an average of $ 45 million a year. But Prescott’s contract has now set records for signing the bonus, fully guaranteed money and payment for year 1. While Muhammad is signed until 2030, Prescott will have the opportunity to cash in again – assuming his level of play doesn’t drop early. 2020 – before turning 32 years old.
Photo courtesy of USA Today Sports Images.