The Dallas Cowboys have restructured quarterback Dak Prescott's contract, clearing $4 million in cap space for the 2024 season and reducing his NFL-high $59.4 million cap hit. This financial maneuver involved adding void years to Prescott's deal, a move that required his consent, indicating a collaborative effort between the player and the team. Despite this restructure, the Cowboys still rank near the bottom of the NFL in terms of salary cap space for 2024. However, the adjustment provides the team with additional financial flexibility. The restructure is part of broader negotiations as the Cowboys and Prescott are engaged in talks to extend his contract. These discussions have started off strong, with both sides demonstrating a willingness to work together to manage the team's finances. Prescott's agreement to add two void years to his contract, leading to the cap savings, is seen as a positive sign towards reaching an extension.
Cowboys rework Prescott's contract to reduce massive cap hit slightly, AP source says https://t.co/8Pi7ygSV2F
Cowboys and Dak Prescott are working together and still working towards an extension, per sources https://t.co/5mrjAmw30k
#COWBOYS COOPERATION? #DallasCowboys Cut #DakPrescott Cap Hit From NFL-High $59.4 Million; Contract Extension Next Move? https://t.co/vHAH3oZTgN via @fishsports https://t.co/Up3gjdnyls
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
#DallasCowboys BREAKING: #DakPrescott Contract Move Frees Up Cap Space https://t.co/Z029ZuY00T via @DallasCowboysFN
Beyond this accounting move, the Cowboys are continuing attempts to sign QB Dak Prescott to a contract extension, according to sources. https://t.co/HvM1nPrTml
#COWBOYS MOVE DAK'S MONEY #DallasCowboys BREAKING: #DakPrescott Contract Move Frees Up Cap Space https://t.co/Z029ZuY00T via @fishsports
The Cowboys remain near the bottom of the NFL in salary cap space for the 2024 season, but this move gives them a little extra https://t.co/GxemfBGzfP
Cowboys rework Dak deal, clear $4M in cap space https://t.co/tdikPEe15i
Important point on this is that they couldn’t have added void years without Dak’s permission. So they are working together at least a little bit. Extension still possible. https://t.co/hFo9iE5VAI