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July 15, 2020, is the last day for players on franchise tags to negotiate a long-term contract with their respective teams. The Dak Prescott situation has been dragged along all offseason. Dallas Cowboys owner – Jerry Jones – is renowned for being a strict negotiator. The 26-year-old QB signed a franchise tag with the Cowboys earlier this year.

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As per that agreement, Dak stands to make $31.4 million this season. However, reports indicated that Prescott was offered a long-term contract a couple of months ago. But he opted against signing the deal due to the length of the contract.

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There are just a few hours left for today’s deadline. NFL insider Ian Rapoport spoke about the consequences of Dak Prescott’s failed contract negotiations with the Cowboys.

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Could Dak Prescott be the next Kirk Cousins?

“My understanding is that Dak Prescott at this point, barring some sort of late phone call, is expected to play on the $31.4 million franchise tag. It’s a nice pay day, it’s not the long-term security he wants.”

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“After this though, you’re right, they can’t negotiate again until next offseason. Then it becomes even harder to get a long-term deal. Prescott is kinda going the way, potentially, of Kirk Cousins where he goes franchise tag, franchise (then) free agent,” Rapoport said while speaking to GMFB.

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Prescott wants ‘Anti-Mahomes’ type deal with Dallas Cowboys

Rapoport further delved into the reasons behind Prescott’s unsuccessful contract talks with the Cowboys.

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“A couple of hours to go before the deadline and from what I understand no talks are scheduled right now between the Cowboys and Dak Prescott’s agent – Todd France. You mentioned James Slater’s Tweet about the final offer, that actually came several weeks or maybe even months ago between Cowboys and Prescott.”

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“They want to pay him about $35 million per year around what Wilson was but they want a five-year deal. Prescott wants a four-year deal. Basically the ‘Anti-Mahomes.’ He wants to hit the free agency a little sooner. Both sides are firmly dug in to their positions,” Rapoport added.

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Daniel Arambur

2,075 Articles

Daniel Arambur is an NBA Writer at EssentiallySports, bringing close to a decade of experience across sports media, digital strategy, and editorial operations. He covers trade rumors, game-day matchups, and long-form NBA features, with a particular knack for spotlighting underdog narratives and momentum-shifting storylines. A journalism graduate with a postgraduate certificate in Strategic Marketing and Communications from Conestoga College, Ontario, Daniel blends statistical context with sharp, opinion-led analysis. His professional journey spans content strategy, paid media, editorial oversight, and quality analysis, giving him a rare end-to-end understanding of how sports stories are researched, positioned, and delivered at scale. Over the years, he has worked across SEO-driven publishing, audience growth initiatives, and performance-focused editorial environments, sharpening his ability to balance speed with accuracy and depth. At EssentiallySports, Daniel applies this multifaceted background to NBA coverage that is informed, structured, and reader-centric. Known for his analytical clarity and narrative instinct, he approaches the league with a storyteller’s eye and a strategist’s discipline, consistently aiming to add perspective beyond the box score. Based in Ontario, a city once home to NBA champion Jamal Murray, he harbors a long-term ambition to sit down for an exclusive conversation with the hometown star.

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