5:10pm: Providing an update to the max value of the pact, Michael Gehlken of the Dallas Morning News tweets that is it actually $100MM, rather than $104MM. While that lowers Diggs’ ceiling slightly, he is still assured of a signficant windfall through this deal. ESPN’s Todd Archer notes that the extension includes $43.2MM in guaranteed money (Twitter link).
2:28pm: The Cowboys have taken care of an important piece of business with one of their top young players. Cornerback Trevon Diggs has agreed to terms on a five-year, $97MM extension (Twitter link via NFL Network’s Tom Pelissero). 
Pelissero adds that the contract has a maximum value of $104MM, and that Diggs will receive a signing bonus of $21.25MM. The 24-year-old is set to enter the final year of his rookie contract, so today’s deal means he will now be on the books through 2028 as one of the league’s highest-paid corners.
The $19.4MM annual base value of the pact matches that of the Saints’ Marshon Lattimore. By reaching incentives, Diggs will be able to join the three-member CB group which averages over $20MM in annual compensation. His three-year tenure in Dallas has established himself as one of the league’s top ballhawks, and the team has recognized that with this deal.
Diggs has racked up 17 interceptions in his career, including a league-leading 11 in 2021. His ball production has resulted in 49 pass deflections as well, making him an obvious candidate for a lucrative pact. The Alabama product earned a second straight Pro Bowl nod last season, despite his coverage statistics taking a step back from what they were in his first two years.
The former second-rounder was named as one of the up-and-coming producers the Cowboys intended to extend ahead of training camp. To no surprise, they have worked out a deal just in time for camp to open up, and Diggs can be penciled in for a continued starting role opposite trade acquisition Stephon Gilmore in the short-term, and as an anchor of Dallas’ secondary for years beyond that.
Wideout CeeDee Lamb and right tackle Terence Steele are also names to watch with respect to new deals being worked out in the near future. The former is on the books through next season via the fifth-year option, which likely helps explain why Diggs’ deal has been worked out first. The team’s corner room has its leader in place for the long-term future as a result. While the Cowboys have a more complicated situation on their hands with one of their veteran leaders, a member of the team’s young core has been rewarded with multi-year stability.
Holdout in 3 years
If he got that much, PS2 is going to be getting 150 million on a 4 year deal
Zach Martin is even more pissed now.
I have no doubt that the Cowboys will take care of him now
It’s the Marcus Peters question. Diggs gambles often and gives up a lot of yardage in coverage, and has given up more in the last season than before. However, he has a penchant for creating the most valuable play a defense can generate, which is a turnover. Diggs’ athleticism contributed heavily to his knack for snagging passes, but the Cowboys will need him to lock in in his coverage more in his later years to compensate for the yardage he gives up. Corners who gamble benefit immensely from good safety help most of the time, so the Cowboys are going to have to put a lot of pressure on their backend behind Diggs if this trend continues. It’s not a bad signing by any means, but it is certainly one that comes with extra responsibilities.
Totally agree with everything you said. I think Diggs plays up depending on who he is matched up with. His work on Jefferson, as an example.
Agreed. It’s a double-edged sword, good and bad.
I disagree, I think it’s a horrible signing.