Dak Prescott

Dak Prescott said he and the Cowboys have not begun negotiations for a new contract extension.

Prescott is in the final year of his current deal and is currently set to earn $55.455 million in 2024. While Prescott would be more than happy to take home that large sum of cash this season, his contract, as it stands right now, is leaving the Cowboys strapped for cash with extensions for other players — particularly CeeDee Lamb — coming down the line. Prescott said he doesn’t “necessarily” want to be the highest-paid quarterback in the league, and that he wants to do what’s best for the team. If he and the team are able to hammer out an extension, it would almost certainly lower his 2024 cap number and free the Cowboys up to get other deals done.