The Dallas Cowboys plan to slightly lower quarterback Dak Prescott's hefty salary cap by reworking his contract as he enters the final year of his contract, sources told ESPN's Field Yates on Monday.
Sources told Yates that $5 million in roster bonuses will be converted into a signing bonus, reducing the 2024 cap by $4 million to just over $55 million.
Prescott's contract extension could provide further salary cap relief for the Cowboys, who will overcome a wild-card loss at home to Green Bay that dropped their playoff record to 2-5.
The Cowboys continue to try to extend Prescott's contract, sources told ESPN's Ed Werder.
Jerry Jones has said the club intends to keep Prescott, but the team owner and general manager has not made a similar decision in 2021 before signing the franchise QB to a club-record $160 million, four-year contract. It doesn't set a specific tone.
The contract overhaul included adding two additional voidable years in 2027 and 2028, which slightly increased Prescott's salary cap number in 2025 to $40 million.
The Cowboys have remained quiet on free agency, with paydays looming for All-Pro receiver CeeDee Lamb and star pass rusher Micah Parsons, the 2021 NFL Defensive Rookie of the Year. ing.
By committing to Prescott beyond next season, it will be easier to conclude deals with Lamb and Parsons.
So far, Dallas' only addition from another team is linebacker Eric Kendricks on a one-year deal worth up to $3.5 million. While the Cowboys added Kendricks, they released linebacker Leighton Vander Esch, a 2018 first-round pick, for a physical after suffering a neck injury again last season.
The Associated Press contributed to this report.