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It’s has been a gradual couple of weeks by the new-age requirements of the NFL offseason — however that modified Monday night when information broke of a brand new contract for Dallas Cowboys quarterback Dak Prescott, lastly ending what had been a multi-year contract dispute.
Prescott signed with the Cowboys on a four-year deal price $160 million, together with $124 million assured ($95 million absolutely assured) and a $66 million signing bonus. Prescott’s contract contains each a no-trade clause and a no-franchise tag contract provision.
Prescott waited till the Cowboys would meet what he believed to be his worth, which continued to rise as different quarterbacks signed new contracts. Up in opposition to one other franchise tag deadline, the Cowboys couldn’t afford to tag Prescott once more; they merely wanted the cap room. In addition they couldn’t afford to lose Prescott, who most analysts would agree is a top-10 quarterback within the NFL.
With Prescott’s signing, the Kansas Metropolis connection to the information of the week lies within the mega-contract signed last July by Chiefs quarterback Patrick Mahomes. Mahomes agreed to a 10-year extension (12 years in complete) price $500 million, together with $477 million in assure mechanisms and $141 million in assured cash (more on Mahomes’ deal from our John Dixon).
As is pure every time a quarterback indicators a brand new deal within the NFL, comparisons are already being drawn. Whereas Prescott’s assured cash ($126 million) is lower than Mahomes’ ($141 million), Prescott’s contract is over 4 years. Prescott will make $40 million a yr to Mahomes’ $45 million — however once more, Prescott’s contract is over 4 years.
Over these 4 years, Prescott will make $29.3 million greater than Mahomes and develop into a free agent in 2024. That’s when the NFL indicators a brand new tv contract, which is predicted to supply extra income for the league and thus create larger participant salaries. Mahomes, in the meantime, may have seven years left on his contract.
The rationale the Chiefs had been in a position to put themselves in such an excellent place with Mahomes is that between the participant and the group — the Hunt household, head coach Andy Reid and normal supervisor Brett Veach and his crew — that they had the key sauce the Cowboys by no means had: good religion between the 2 sides.
The Chiefs knew they all the time needed Mahomes — and Mahomes knew he all the time needed the Chiefs. Below Reid’s steerage, Mahomes had the will to remain in Kansas Metropolis, whereas permitting the crew room to encompass him with items to win. With good religion, he dedicated to the size of basically a 12-year contract, seemingly believing that the crew would do him proper within the occasion of considerably elevated income. The deal additionally features a pure level to restructure — 2027, when his cap hit stands to be just below $60 million.
The Cowboys, then again, delayed coming to an settlement for 2 years as Prescott continued to play properly. The clincher for full lack of leverage was when Prescott was injured for the season after 5 video games by which he threw for 1,856 yards and 9 touchdowns.
Many would agree that Mahomes is the league’s finest participant at sports activities’ most essential place. Over the subsequent 4 seasons, one other participant will earn more money.
That is what we had been speaking about after we described the half-a-billion-dollar low cost.
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