Cowboys' Dak Prescott: Not offered extension yet

The Cowboys haven't offered Prescott a contract extension, with player and team having a "mutual understanding" of the situation as he enters a contract season, according to Ian Rapoport of NFL Network.

Prescott had one of his best statistical seasons in 2023, but the Cowboys may be hesitant to commit long term after yet another disappointment in the playoffs. On the other hand, Prescott is scheduled for a $55.46 million cap hit in 2024 even after restructuring with void years, and an extension would allow the Cowboys to significantly lower that number. He'll turn 31 in August, and without a significant addition in the draft, he may play 2024 behind the worst offensive line he's ever had while also working with a diminished supporting cast following the departure of Tony Pollard.