Dak Prescott, Cowboys Agree To Record-Setting Extension: Report

Dallas Cowboys quarterback Dak Prescott has reportedly agreed to a four-year, $240 million extension, which will make him the highest-paid player in NFL history, sources with knowledge of the situation confirmed to ESPN 's Adam Schefter Sunday (September 8) morning.

"A deadline deal: Hours before Dallas kicked off its season, it reached agreement with QB Dak Prescott on a four-year contract, $240 million extension that will make him the highest-paid player in NFL history and keep him in a Cowboys uniform for seasons to come, per sources," Schefter wrote on his X account. "Dak Prescott’s four-year extension includes $231 million guaranteed."

Prescott and the Cowboys were said to "have a mutual understanding of his contract situation," NFL Network 's Ian Rapoport reported in March.

"I don't play for money. Never have never cared for it, to be honest with you, yeah," Prescott told reporters during the Cowboys' OTAs in May 22 via ESPN . "Would give it up just to play this game. So, I allow that to the business people to say what it's worth, what they're supposed to give a quarterback of my play, a person of my play, a leader of my play. For me, it's about, as I said, control what I can control and handle that part and the rest will take care of itself."

Prescott led all NFL quarterbacks with a career-best 36 touchdown passes and 410 completions, while also throwing for 4,516 yards -- third among all quarterbacks -- in 2023. The former Mississippi State standout finished second in the 2023 Associated Press NFL Most Valuable Player award voting with 152 points.