<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4foJ8a_0vPMGniy00" alt="https://img.particlenews.com/image.php?url=4foJ8a_0vPMGniy00" width="1920" height="1080" ><figcaption>Dak Prescott carried millions in a new contract into yesterday's season opener in Cleveland. Photo: Jason Miller/Getty Images</figcaption></figure>Dak Prescott and the Cowboys have agreed to a $240 million contract extension that will keep the 31-year-old quarterback in Dallas through the 2028 season.Why it matters: The deal makes Prescott the highest paid player in NFL history, <a href="https://www.espn.com/nfl/story/_/id/41176649/sources-dak-prescott-cowboys-agree-record-240m-deal">ESPN reports</a>. It was <a href="https://x.com/dallascowboys/status/1832810435810079146">announced</a> just hours before the Cowboys' season opener against the Cleveland Browns.<ul><li>"Standing on business in negotiations to get the most money isn't just about that player, it's about advancing the pay ceiling for all players," former NFL quarterback Robert Griffin III <a href="https://x.com/RGIII/status/1832818809696039162">said on X</a>.</li></ul>State of play: The Cowboys' investment in Prescott and wide receiver CeeDee Lamb, who also signed a <a href="https://www.axios.com/local/dallas/2024/08/26/ceedee-lamb-contract-extension-dallas-cowboys">contract extension</a> just before the regular season, appeared to pay off yesterday.<ul><li>Cleveland was favored to win, but Dallas dominated and won 33-17.</li></ul>What they did: This season was the last year of Prescott's contract with the Cowboys, though owner Jerry Jones had said for months that the team was committed to their quarterback.<ul><li>Prescott's extension includes $231 million guaranteed and an average annual value of $60 million — the most in league history, per ESPN.</li><li>He will also get a signing bonus of $80 million, another league record.</li></ul>What they're saying: "I know that these numbers are beyond anything that I could have ever imagined," Cowboys owner Jerry Jones said of the deal, per ESPN.Between the lines: Prescott had a memorable regular season last year and <a href="https://www.espn.com/nfl/qbr/_/season/2023/seasontype/2">tied with San Francisco's Brock Purdy</a> for the highest adjusted quarterback rating. The Cowboys lost to the Green Bay Packers in the playoffs' Wild Card round.<ul><li>Prescott's contract extension keeps the Cowboys from having to find another starting quarterback and gives him more opportunities to get the team to more playoffs.</li></ul>Reality check: Dallas has gone 28 years without a Super Bowl championship.</div></body>

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Dak Prescott signs historic contract extension with Dallas Cowboys

Dak Prescott and the Cowboys have agreed to a $240 million contract extension that will keep the 31-year-old quarterback in Dallas through the 2028 season. Why it matters: The deal makes Prescott the highest paid player in NFL history, ESPN reports. It was announced just hours before the Cowboys' season opener against the Cleveland Browns.

Dak Prescott signs historic contract extension with Dallas Cowboys

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