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Report: Dak Prescott agrees to massive contract extension, beating record held by Russell Wilson
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Dak Prescott agreed to a record-breaking contract extension with the Dallas Cowboys on Monday night, according to a report.
That’s per ESPN’s Adam Schefter, who says the deal is worth $160 million over four years.
Cowboys are giving Dak Prescott a four-year, $160 million deal, including a record $126 million guaranteed, source tells ESPN.
The first three years average $42 million per year.
— Adam Schefter (@AdamSchefter) March 8, 2021
The deal includes $66 million in signing bonus money, which breaks a record that was previously held by former Wisconsin QB Russell Wilson. Wilson’s current deal with the Seattle Seahawks included a $65 million signing bonus.
Highest signing bonus in NFL history:
Dak Prescott $66M
Russell Wilson $65M
Aaron Rodgers $57.5M
Matthew Stafford $50M
Matt Ryan $46.5M
Joe Flacco $40M
Aaron Donald $40M— Adam Schefter (@AdamSchefter) March 9, 2021
Prescott’s new contract includes $126 million in guaranteed money — essentially the first three years of the deal. That is also a record for the most guaranteed money in NFL history.
He will now earn $40M annually, which is second in the NFL only to Kansas City Chiefs quarterback Patrick Mahomes. Wilson is now fourth in the NFL at $35 million per season.
Prescott was an MVP candidate before suffering a gruesome leg injury in the Cowboys’ fifth game of the season in 2020. He was on pace to throw for nearly 6,000 yards before the injury.
Spenser is the news manager at Saturday Road and covers college football across all Saturday Football brands.