The Dallas Cowboys have finally paid quarterback Dak Prescott. After all of us spent the past couple of years hearing rumors regarding the entire situation and wondering if he would ever get paid, the two sides have finally agreed to a deal. While doing so, they also sent a painful reminder to their divisional rival, the Philadelphia Eagles, as Dak Prescott’s new contract may force them to reflect on their $33.8 million mistake.
Dak Prescott finally has a new contract with the Cowboys
Quarterback Dak Prescott and the Dallas Cowboys seemed to be very far off in terms of what each side wanted out of a new contract. Different reports had been coming out the last couple of years, and many people expected Dallas to have to use the franchise tag on him for the second consecutive season this year.
Prescott won’t have to play on that tag again, though, as the two sides have agreed to a four-year, $160 million deal, per ESPN. The contract can also reportedly be worth up to $164 million. Prescott will receive a $66 million signing bonus, too, which is the highest in league history. He will also make an average of $42 million per year on the first three years of his contract.
By comparison, Patrick Mahomes’ average annual salary per year is $45 million, while Deshaun Waton’s is $39 million.
While this is a lot of money, the Cowboys will actually save some cash in 2021. According to Cowboys reporter Mike Leslie, Prescott’s contract will only have a $22.2 million cap hit in 2021. It would have been north of $37 million had he played on the franchise tag.
That salary cap number is a brutal reminder for the Philadelphia Eagles, though.
The Cowboys reminded the Philadelphia Eagles of their $33.8 million mistake
While Dak Prescott’s contract will have a $22.2 million cap hit in 2021, the Philadelphia Eagles will be paying a much larger amount for a player who is not even on their team anymore.
Props to Cowboys reporter David Helman for pointing this out, but the Cowboys will pay Dak Prescott less money to play for them in 2021 than the Eagles will pay for Carson Wentz to play quarterback for the Indianapolis Colts this upcoming season.
The former No. 2 overall NFL draft pick had a strong start to his career with Philadelphia, as he earned a Pro Bowl selection in 2017, with 3,296 yards, 33 touchdowns, and seven interceptions in 13 games. This then helped Carson Wentz receive a four-year $128 million contract with the Eagles in 2019. Wentz, though, played horribly in 2020, as the Eagles allowed him to get sacked a league-leading 50 times, which led to him throwing an NFL-leading 15 interceptions in 12 games.
Then, after getting benched for Jalen Hurts this past season, Wentz reportedly wanted a trade. This led to the Eagles sending him to the Indianapolis Colts. The trade is now costing the Eagles big time, though. Wentz’s contract will count $33.8 million against the Eagles’ cap in 2021. That number is actually the biggest dead money cap hit in NFL history, according to ESPN’s Dan Graziano.
So, essentially, Carson Wentz’s contract has the Eagles paying $33.8 million for him to play on the Colts in 2021, while the Dallas Cowboys will pay their quarterback $22.2 million to play for them. This, of course, isn’t considering Prescott’s signing bonus.
Either way, this reminds the Eagles of how they brutally failed with Carson Wentz. Now, the Cowboys must hope that they don’t do the same with Dak Prescott.
Is Dak Prescott worth his new contract with the Cowboys?
As soon as the numbers came out for Prescott, many people wondered if it was too much. In fact, the word “overpaid” was even trending on Twitter.
Prescott’s average annual salary per year is now more than Deshaun Watson‘s, Russell Wilson’s, and Aaron Rodgers’. It’s also just behind what Patrick Mahomes makes on average per year.
Prescott is a two-time Pro Bowl selection and has taken the Cowboys to the playoffs twice. His best season, statistically, though, came in 2019 when he threw for 4,902 yards, 30 touchdowns, and 11 interceptions. Prescott, however, missed most of the 2020 season due to injury after getting of to a hot start.
However, while he has been an excellent player and has meant a lot to Dallas, he maybe shouldn’t be getting paid quite as much as Mahomes, Watson, Wilson, and Rodgers. Patrick Mahomes has won a league MVP award and has played in back-to-back Super Bowls. Watson is a three-time Pro Bowl selection and is a threat on the ground, as well as through the air. Watson led the NFL in passing yards in 2020 and has run for over 1,600 yards in his career. Russell Wilson, on the other hand, has played in two Super Bowls and even won one, while Aaron Rodgers has won three MVP awards and has won a Super Bowl.
Yes, Dak Prescott deserved to get paid. As of now, though, it’s hard to say that he is worth all the money he is about to make. Maybe he will prove that notion wrong in future seasons.