The Dallas Cowboys have restructured quarterback Dak Prescott's contract, converting a $5M roster bonus due on Sunday into a signing bonus. This move has created $4M in salary cap space for the team in 2024. As part of the restructure, Prescott's salary cap number has been reduced to $55.455M in 2024, and two extra void years were added to his deal for cap purposes. The restructuring demonstrates the collaborative effort between the Cowboys and Prescott to manage the team's finances effectively, indicating a strong start in contract talks and a good sign for the potential to achieve an extension.
The Dallas Cowboys are slightly reducing quarterback Dak Prescott's massive salary cap hit by reworking his contract going into the final year of the deal. https://t.co/h6WBqdODBd
Dallas Cowboys rework Dak Prescott's contract to reduce a massive cap hit slightly, AP says https://t.co/HJLjF7FZmL
Cowboys rework Dak Prescott's contract to reduce massive cap hit slightly, AP source says https://t.co/QO0bUVg3vK
Cowboys, Dak Prescott Restructure Contract to Create Salary Cap Space https://t.co/egyOIHuz9V
A person with knowledge of the move says the Dallas Cowboys are slightly reducing quarterback Dak Prescott's massive salary cap hit by reworking his contract going into the final year of the deal. https://t.co/BsmlkRbuhS
Cowboys rework Prescott's contract to reduce massive cap hit slightly, AP source says https://t.co/8Pi7ygSV2F
The Cowboys and Dak Prescott have worked together to create some much-needed team salary cap space. https://t.co/0m8MqQZzkP https://t.co/WZlPyabsFn
The Dallas Cowboys did a very minor restructure of Dak Prescott's contract, creating a tiny amount of salary cap space. (And you thought they weren't 'all in'?) 🤷♂️👇 https://t.co/CYoy9CGj2b
Dallas Cowboys restructure Dak Prescott’s contract, create salary cap space https://t.co/5m8qXNesCj
Cowboys and Dak Prescott are off to a strong start in contract talks, demonstrating collaborative ability to help team manage finances. Prescott willing to add two void years, leading to $4M in 2024 cap savings. Good sign for capacity to achieve extension. https://t.co/hq0jNJfWXw
Cowboys restructure Dak Prescott's contract, add $4 million in cap space https://t.co/tIKGFUVrUm
Cowboys restructure Dak Prescott's contract, add $4 million in cap space. https://t.co/htjKyPzhk2
The Cowboys converted a $5M roster bonus due to QB Dak Prescott on Sunday into a signing bonus, creating $4M in salary cap space in 2024. The move reduces Prescott’s salary cap number to $55.455M, while two extra void years were added to the deal for cap purposes (void years now…