Dak Prescott Contract

Last Modified Sep 10, 2024 11:28 GMT
Dallas Cowboys v Las Vegas Raiders
Dak Prescott

Rayne Dakota "Dak" Prescott is an American football quarterback in the NFL who goes by the name “Dak”. He was drafted by the Dallas Cowboys with pick number 135 in the fourth round of the 2016 NFL Draft. He began playing football in high school and pursued it at Mississippi State University as well, earning recognition for his performance. The highest paid player in the league (as of September 2024) has more than 29k passing yards along with 203 TDs as of week 1 of 2024 season.

Prescott was placed on the watchlist for all national-level college awards and won the Corney Trophy twice in 2014 and 2015. Prescott has been named to 3 Pro Bowls till date and was also the winner of the NFL Offensive Rookie of the Year in 2016. Furthermore, as a rookie quarterback, Prescott has the highest passer rating (104.9), which is an NFL record, as well as the highest completion rookie percentage (67.8%). He also has the most wins in a season, with 13. Dak has been one of the most consistent QB in the league since his debut season in 2016. Except for 2020 season, where he got injured, Prescott has not thrown less than 22 TD in his entire Cowboys tenure till date. However, he has not been able to replicate the same regular season magic into postseason as he only has 2 playoff wins under his belt in 8 seasons as a NFL starter.

Dak Prescott Contract Breakdown

Dak Prescott signed his mega extension of 4 years worth $240 million with the Dallas Cowboys on September 8, 2024, as per Spotrac. The contract runs through the 2028 season with a potential out option after the 2027 season.

ContractSigning BonusAverage SalaryGTD at SignTotal GTD
4 yr(s) / $240,000,000$80,000,000$60,000,000$129,000,000$231,000,000

The details of the contract are provided below:

YearBase SalarySigning ProrationRestructure ProrationCap HitDead CapYearly Cash
2024$1,250,000$29,200,000$12,932,647$43,382,647$195,270,294$81,250,000
2025$47,750,000$29,200,000$12,932,647$89,882,647$151,887,643$47,750,000
2026$40,000,000$16,000,000$12,005,000$68,005,000$62,005,000$40,000,000
2027$45,000,000$16,000,000$1,000,000$62,000,000$34,000,000$45,000,000
2028$55,000,000$16,000,000$1,000,000$72,000,000$17,000,000$55,000,000

What are the terms of Dak Prescott’s Contract?

Prescott’s deal with the Cowboys included a $80 million signing bonus and guaranteed him $129 million at the signing, according to Spotrac. His signing proration for the 2024 and 2025 season includes $29.2 million while for the remaining 3 years, he will receive $16 million. His restructure proration for the 2024 season stands at $12.9 million.

Dak Prescott Salary

In 2024, Dak is set to earn a base salary of $1.2 million. The contract amounts for 2024 to carry a cap hit of $43.3 million and a dead cap value of a gigantic $195 million. As per the terms of Prescott’s current contract with the Dallas Cowboys, he has an average annual salary of $60 million.

How much does Dak Prescott make per minute?

Dak Prescott is set to make around $114.4 per minute in his four-year contract with the Dallas Cowboys.

How much of Dak Prescott’s Contract is guaranteed?

Dak Prescott's deal guarantees him a mammoth $231 million out of the total $240 million mentioned in his contract with the Cowboys. This deal has made him the player with the highest guaranteed money ever received in league history.

Dak Prescott Contract History

Before inking his mega extension with the Cowboys, Prescott has signed three contracts before, including his rookie deal with Dallas.

YearContractSigning BonusAverage SalaryGTD at SignTotal GTD
2016 - 20194 yr(s) / $2,723,393$383,393$680,848$383,393$383,393
2020 - 20201 yr(s) / $31,409,000N/A$31,409,000$31,409,000$31,409,000
2021- 20244 yr(s) / $160,000,000$66,000,000$40,000,000$95,000,000$126,000,000

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FAQs

A. Dak Prescott was selected by the Dallas Cowboys in the fourth round of the 2016 NFL Draft. 

A. Dak Prescott is 31 years old as of September 2024. He was born on July 29, 1993.

A. Dak Prescott attended Mississippi State University and played quarterback for the Bulldogs football team.

A. Dak Prescott was born in Sulphur, Louisiana. He went to Haughton High School in Louisiana.

A. Dak Prescott stands 6 feet 2 inches or 188 cm tall and weighs 238 pounds or 108 kg.

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