Sources – Cowboys rework Dak Prescott’s contract to reduce cap hit

The Dallas Cowboys are slightly reducing quarterback Dak Prescott's massive salary cap hit by reworking his contract for the final year of the deal, sources told ESPN's Field Yates on Monday.

A $5 million bonus was converted into a signing bonus to reduce the 2024 cap hit by $4 million, to just over $55 million, sources told Yates.

The Cowboys can provide further salary cap relief with an extension for Prescott, who is coming off a home loss to Green Bay that dropped his playoff record to 2-5.

The Cowboys are continuing their attempts to sign Prescott to a contract extension, a source told ESPN's Ed Werder.

While Jerry Jones said the club plans to keep Prescott, the team's owner/general manager did not strike the same definitive tone as in 2021 before signing his franchise QB to a record $160 million contract. dollars over four years.

The contract overhaul included the addition of two additional voidable years in 2027 and 2028, which caused Prescott's salary cap hit to increase slightly in 2025 to $40 million.

The Cowboys have remained quiet in free agency in part because of the looming salaries of All-Pro wide receiver CeeDee Lamb and star passer Micah Parsons, the 2021 NFL Defensive Rookie of the Year.

Committing to Prescott beyond the upcoming season would make it easier to reach deals with Lamb and Parsons.

The only addition for Dallas from another team so far has been linebacker Eric Kendricks on a one-year deal worth up to $3.5 million. The Cowboys added Kendricks while releasing linebacker Leighton Vander Esch, their first-round pick in 2018, following a physical failure after suffering another neck injury last season.

The Associated Press contributed to this report.