Dak Prescott of Dallas Cowboys looking on.

Surprisingly, the Dallas Cowboys have yet to extend star quarterback Dak Prescott as the 2024 regular season inches closer.

The 31-year-old Dak Prescott is entering the last season of a four-year contract extension worth $160 million that he signed with Dallas in 2021. Prescott has all the leverage now after seeing fellow quarterbacks Tua Tagovailoa (Miami Dolphins) and Jordan Love (Green Bay Packers) sign extensions north of $200 million just last week.

Prescott’s deal with Dallas also contains no-tag and no-trade clauses, so the three-time Pro Bowler can hit free agency next summer if Jerry Jones doesn’t finalize an extension. And if that happens, Prescott will be the biggest name to enter the open market next year.

Bleacher Report’s Kristopher Knox predicted the future contracts for Prescott and San Francisco 49ers signal-caller Brock Purdy after the Tagovailoa and Love extensions. Knox projects that Prescott will leave Dallas and sign a four-year, $224 million deal in free agency:

“The Dallas Cowboys have botched pretty much every aspect of Prescott’s contract situation throughout this offseason. It began early, when franchise owner and team president Jerry Jones stated that he wanted to see more before handing out extensions to Prescott, CeeDee Lamb and Micah Parsons…

If Kirk Cousins, at 35 and coming off a torn Achilles, can get a four-year deal worth $45 million annually in free agency, Prescott can get considerably more. That reality might have Jones coming to grips with the fact that he’ll be looking for a new quarterback in 2025…

It’s starting to feel like a split between Dallas and Prescott is inevitable.”

Happy Birthday Dak Prescott pic.twitter.com/V2HoxWgTQU

— The 33rd Team (@The33rdTeamFB) July 29, 2024

At the end of the day, above-average quarterbacks will always get paid. Dak Prescott is a top-10 signal-caller who will easily land over $200 million on his next deal, and the only question is whether that comes from Dallas or somebody else.

Jerry Jones Has A Tough Decision To Make With Dak Prescott

On one hand, Prescott has been a statistics machine since entering the NFL as a rookie in 2016. He has led Dallas to the playoffs five times, so one can argue that Jones is better off extending his star QB ASAP.

On the other hand, you can argue that Jones would be better off letting Prescott walk, given his woeful 2-5 postseason record. Despite being blessed with star-studded supporting casts during his career, Prescott hasn’t been able to elevate his play in big-game moments.

So the Cowboys must decide if it’s worth paying a borderline elite, albeit not-so-clutch signal-caller or if they’re better off resetting at the position next year.