Dak Prescott Contract

Last Modified Jan 2, 2024 08:26 GMT

Rayne Dakota Prescott is an American football quarterback in the National Football League (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 in Mississippi State University as well earning recognition with his performance. He was placed on the watchlist for all national level college awards, and won the Corney Trophy twice in 2014 and 2015.


Dak Prescott has been named to 2 Pro Bowls in 2016 and 2018 and was also the winner of the NFL Offensive Rookie of the Year in 2016.


Dak Prescott Contract
Dak Prescott with the Cowboys


Dak Prescott Contract with Dallas Cowboys


Dak Prescott’s current contract with the Cowboys can be broken down as follows:


ContractSigning BonusAverage SalaryGTD at SignTotal GTD
4 yr(s) / $160,000,000$66,000,000$40,000,000$95,000,000$126,000,000


YearBase SalarySigning BonusCap HitDead Cap Yearly Cash
2021$2,750,000$13,200,000$17,200,000$95,000,000$75,000,000
2022$1,600,000$13,200,000$19,730,000$108,800,000$20,000,000
2023$1,700,000$13,200,000$26,832,647$89,070,000$31,000,000
2024$29,000,000$13,200,000$59,455,000$61,915,000$34,000,000


What are the terms of Dak Prescott’s contract?

Dak Prescott signed a 4 year, $160,000,000 contract with the Dallas Cowboys, including a $66,000,000 signing bonus, $126,000,000 guaranteed, and an average annual salary of $40,000,000. In 2021, Prescott will earn a base salary of $2,750,000, a signing bonus of $66,000,000 and a restructure bonus of $6,250,000, while carrying a cap hit of $17,200,000 and a dead cap value of $95,000,000.


In 2022, the Cowboys restructured Prescott's contract by converting $18.4 million into a bonus. This move was made to allow the Cowboys an additional cap space of $14.72 million in 2022.


Dak Prescott’s Contract History


YearContractSigning BonusAverage SalaryGTD at Sign Total GTD
2016 - 20194 yr(s) / $2,723,393$383,393$680,848$383,393$383,393
20201 yr(s) / $31,409,000-$31,409,000$31,409,000$31,409,000


Dak Prescott’s Salary

Dak Prescott’s annual average salary is $40 million. The 4-year contract extension worth $160 million is the richest contract to be signed by a Cowboys player and placed him in second rank as the highest paid quarterback in the league at the time of signing.


Dak Prescott’s Net Worth

The 27-year old quarterback’s net worth is estimated to be $70 million, equal to his annual salary. He was the second highest paid quarterback in the NFL when he signed his contract, but in 2023 he has fallen out of the top 10.


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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 30 years old as of November 2023. 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 won the Walter Payton NFL Man of the Year Award in 2022 for his work with his Faith Fight Finish (FFF) Foundation which focuses on colon cancer research, mental health and suicide prevention.

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