The NFL admits the Cowboys made a $ 40m mistake by not raising Duck Prescott, as well as why the deal actually fell

The Cowboys’ stardown with quarterback Dac Prescott was one of the leading stories of this unusual NFL offseason, in addition to the mega-deal that sources said was an unusual reason, and with less potential for years in Dallas.

Negotiations with general managers, agents and team contract negotiators revealed a consensus about both the magnitude of the Cowboys’ fault with this negotiation – several sources independently suggesting that its owner Jerry Jones would cost around $ 40M – and general agreement on how it will effect. Team in the coming years. The sides came relatively close to completing a long-term deal to extend a player’s contract on a franchise tag by the July deadline, but Prescott eventually opted to play until 2020 on that tag Are being completed. An industry that will reap tremendous financial benefits in 2021 and beyond.

The Cowboys were insisting on a five-year salary structure for the quarterback, who had his most productive season in 2019, is surrounded by a strong supporting cast and is attracting some prince hype as a potential MVP candidate this season . According to sources, Jones has long sought to protect his top players for the longest time, while Prescott was represented for a period of four years. Prescott at that time would have accepted a five-year deal, which would cost around $ 35M per year, but only if it included a provision that the franchise could not be granted at the conclusion of the deal. Jones would not agree to that language, sources said, and the deal fell through.

Since then, Watson Watson has received a new contract extension with the Texans having a season of around $ 40M, and Patrick Mahomes, who is usually seen as the best player in the game, is off at $ 45M per year for the next 12 years. . Due to the catastrophic injury, Prescott’s market price for 2021 seems very clear in the estimates of these GMs, agents and cap gurus: between $ 42M- $ 43M a season. The Cowboys would have no choice but to franchise Tag Prescott, who earned $ 31.4M this season, to secure his rights again in 2021, which would be locked into a $ 38M salary. For two years alone there is around $ 70M – with no team control beyond 2021 – compared to Mahomes earning $ 63M in the first three years of their new deal, with the chiefs controlling their rights over the next decade.

“No matter how you slice it, Jerry made a $ 40 million mistake,” said a key agent who has negotiated top quarterback contracts, but is not involved in Presscott’s deal. “Just do the math. It’s very easy. Prescott has them on a barrel.”

One GM said, “After knowing everything about that situation, the Cowboys did themselves no favors.” “Even when the cap goes up (hopefully based on COVID-19 by 2022), $ 8 million per year will be a big deal. It’s a start for yourself in less expensive positions or a pair of top backups Like. If you think you’re competing for the Super Bowl again, it’s a big deal. ”

“It was a personal feeling”, said another NFL team official. “It should have been done before Watson and (Lamar) Jackson, whether it’s four years or five years. And what happens if Prescott goes out and throws 40 TDs? The Cowboys were too stubborn for their own good . ”

A salary negotiator said, “I don’t know how Jerry was studying in the quarterback market, but he misread it.”

In fact, Prescott’s chances sometimes even reach a point where the tag of a future franchise in a five-year deal will matter, which I talked to everyone, which is the NFL’s economic landscape and their performance in 2023 Till was remote with the installation of another extension. The way QB contract dynamics work normally. And now this cowboy is going to be expensive.

As owner Stephen Jones said of Prescott in his radio show on Friday, “He’s betting on himself, and betting wisely.”