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CeeDee Lamb

Cowboys’ Jerry Jones Addresses CeeDee Lamb Extension Talks

August 8th, 2024 at 10:32pm CST by Adam La Rose

With none of Dak Prescott, CeeDee Lamb or Micah Parsons having been extended this offseason, questions remain regarding their respective Cowboys futures. Owner Jerry Jones addressed one of the team’s contract situations at practice on Thursday.

“I don’t expect not to have CeeDee Lamb,” Jones said when asked about the record-breaking wideout’s regular season availability (via ESPN’s Lindsey Thiry). “I don’t have a sense of urgency about getting [an extension] done,” he added.

Lamb himself is among those who offered a quick reaction to Jones’ comments on social media. The All-Pro continues to engage in a training camp holdout while negotiations on an extension continue. Team and player have been in contact recently, although nothing appears to be imminent with respect to an agreement being reached. While too much could be read into Jones’ remark, it at least ensures he is not concerned about Lamb’s absence continuing into the preseason.

The 25-year-old has been away from the team throughout the offseason. Lamb is attached to his rookie contract (by virtue of the fifth-year option), and as a result the mandatory daily fines he is accumulating can be waived by the Cowboys once a deal is in place. The Oklahoma product has been connected to an asking price which would make him the league’s highest-paid receiver (and non-quarterback), although it may take less than $35MM per season to get him back in the fold.

Dallas has made an offer as recently as late July, and Jones has made it clear in the past several months he is willing to remain patient on the Lamb front. That has remained the case for Prescott and Parsons, and the latter’s pending mega-deal is being taken into account even though he is still on the books for two more years. The Cowboys’ cap situation for years to come will depend on how things shake out with that trio, but it appears more time will elapse before any tangible movement is seen on the contract front with at least one of its members.

Minor NFL Transactions: 8/6/24

August 6th, 2024 at 9:04pm CST by Ben Levine

Today’s minor moves:

Arizona Cardinals

Baltimore Ravens

Buffalo Bills

Cleveland Browns

Dallas Cowboys

Denver Broncos

Green Bay Packers

  • Signed: DE Zach Morton

Las Vegas Raiders

  • Signed: WR Dax Milne
  • Waived/injured: DT Tomari Fox

Los Angeles Chargers

  • Signed: QB Luis Perez
  • Waived: LB Savion Jackson

Los Angeles Rams

New Orleans Saints

New York Giants

San Francisco 49ers

Seattle Seahawks

Washington Commanders

CeeDee Lamb isn’t usually mentioned in this type of post, but the transaction involving the wideout was simply procedural. As ESPN’s Todd Archer notes, placing Lamb on the reserve/did not report list opens up a roster spot for the Cowboys, something that was necessary after the team signed three players today. This move doesn’t impact negotiations, and Lamb can be activated once he returns to practice. Lamb continues to holdout while he waits for a new deal, but the front office is working hard to get him back in the building.

Justin Herbert‘s recent foot injury necessitated some extra depth at the position. The team ended up opting for Luis Perez, who led the UFL last season in completions (225), passing yards (2,309), and touchdowns (18). Perez will soak up some temporary snaps alongside Easton Stick, Max Duggan, and UDFA Casey Bauman.

Cowboys COO: Ball In Dak Prescott’s Court; Team Communicating With CeeDee Lamb

July 31st, 2024 at 1:35pm CST by Sam Robinson

Friday further solidified the quarterback market. After Jared Goff and Trevor Lawrence signed $50MM-plus-per-year extensions this offseason, Jordan Love‘s hold-in and Tua Tagovailoa‘s partial hold-in wrapped after they followed suit. This leaves one major quarterback situation unresolved.

Dak Prescott remains in a contract year, and the ninth-year Cowboys QB is practicing. Prescott wields tremendous leverage over the Cowboys due to his current contract, and after a summer report indicated the team was planning to make a strong offer, COO Stephen Jones said during an appearance on KTFM San Antonio (h/t The Athletic’s Jon Machota) the ball is in Prescott’s court presently. Whether this means the Cowboys have made their offer or not, the team is waiting to hear from the QB’s camp.

[RELATED: The Cowboys’ Contract Dilemma]

The 30-year-old passer has not detailed his demands yet, but he is set up to do very well. If Prescott is to re-sign with the Cowboys, he will command a contract north of where Lawrence, Love and Joe Burrow have set the bar ($55MM). As we have detailed, Dak cannot be franchise-tagged and adds to his bargaining position via a 2024 cap number ($55.13MM) and the dead money that would hit the Cowboys’ 2025 payroll ($40.13MM) if he is unsigned by the start of the ’25 league year.

“It’s definitely not the money,” Prescott said (via NFL.com’s Jane Slater and Daniel Jeremiah) of his Cowboys situation. “A little bit of it is respect. In the same sense, what motivates me is just coming out here each and every day and getting better and being able to control that, I’m at peace with. … When you focus on that, the money comes. As you said, these other guys, they’re the ones setting the bar in that, and as I said, it’s an obligation that I have to my team, my family, and to the rest of the quarterbacks in the NFL.”

The tag being out of the picture gives Prescott the ability to control this process. The Falcons’ Kirk Cousins contract, despite the veteran QB going into his age-36 season coming off an Achilles tear, illustrates the free agency offers that would likely be available if Prescott hit the market. Prescott has said he wants to finish his career in Dallas but added the obvious caveat that quarterbacks often change teams. Given the makeup of Dallas’ roster, suddenly needing to find a new starting quarterback next year would obviously threaten to unravel this nucleus’ contention prospects.

This all points to the Cowboys needing to make a monster offer — perhaps at or near $60MM per year with favorable guarantees — to prevent their QB from moving toward free agency.

Lamb can be tagged in 2025, but the Cowboys have made an offer. Jones said during his KTFM appearance the team heard back from the All-Pro wideout recently. Lamb is headed into his fifth-year option season. While the Oklahoma alum may not require a contract that makes him the NFL’s highest-paid non-QB, the Cowboys will at least need to approach the Justin Jefferson numbers ($35MM AAV, $110MM guaranteed, $88.7MM fully guaranteed) to complete a deal.

“We keep having multiple exchanges with CeeDee,” Jones said. “He actually sent us something late (Sunday). We continue to grind away on it. I would characterize both negotiations as very cordial and upbeat. We’re optimistic we’ll continue to work toward getting something done.”

The Cowboys continue to practice without Lamb, who joins Haason Reddick and Trent Williams as holdouts. The team must fine Lamb $50K per day missed, but with the receiver on a rookie contract, the fines can later be waived. Given the positive tone Jones is trying to convey, it seems likely the Cowboys would waive the fines if Lamb is extended soon. Reports indicating both players are Dallas’ priorities have come out, but the team is clearly eyeing new deals for each offensive pillar.

Cowboys Submit New Extension Offer To WR CeeDee Lamb

July 27th, 2024 at 10:29pm CST by Ely Allen

Still dealing with a rare contract situation in which three players are in the mix for market-setting extensions, the Cowboys have Dak Prescott and CeeDee Lamb positioned ahead of Micah Parsons in their queue. Differing reports have come out regarding whether Dallas’ quarterback or top wide receiver is the first priority, but the most recent update would point to the latter being in that slot.

COO Stephen Jones told NFL.com’s Jane Slater on Saturday the team has submitted another proposal to Lamb. Jones views the conversations with Lamb’s camp as positive, as the team attempts to hammer out an agreement that will likely be similar to the Vikings’ megadeal for Justin Jefferson.

After indicating both Lamb and Parsons wanted to become the NFL’s highest-paid non-QB, Jones backtracked by saying the fifth-year wide receiver is not demanding that. At $35MM — with guarantees at $110MM (total) and $88.7MM (full) — Jefferson set a high bar this offseason, one that eclipsed Nick Bosa‘s $34MM-AAV deal as the league’s top non-QB contract.

A report earlier this week, coming out just before Lamb made his long-rumored holdout official, indicated the Cowboys had not yet entered substantial talks with the 2020 first-rounder. It appears that has changed, with this offer — which emerged Friday — not being the first during this negotiation. The Cowboys had Lamb on their extension radar last year but did not appear to enter serious talks. That has driven up the price now that Jefferson, Amon-Ra St. Brown, and A.J. Brown have upped the market this offseason.

On the quarterback front, Jones told the reporters that, apart from Lamb’s deal yesterday, the team also made a contract offer to Prescott’s agents “a few days ago,” per Calvin Watkins of the Dallas Morning News. With yesterday’s extensions of Tua Tagovailoa and Jordan Love, it’s likely that the offer will get tossed aside in order to process the newest information. With Tagovailoa’s deal falling just short in annual average value of the league leaders and Love’s extension tying him with Joe Burrow and Trevor Lawrence as the highest annual earners of all time, it’s easy to envision a situation in the near future wherein Prescott becomes the NFL’s highest-paid player of all time.

A reason that the Cowboys seem to be a step behind the rest of the league on getting these new deals done could be Jones’ father, Jerry Jones. The elder Jones acts as the team’s owner, president, and general manager. This is of note due to what seems to be Dallas’ view on the salary cap affecting negotiations.

Watkins reports that Jones fears that the league’s monopoly case with DirecTV could affect the NFL’s revenue in the future, ultimately pushing for a reduction, or at least a slower inflation, in the salary cap. Subjectively, this feels like a bit of an empty threat. Aside from the COVID-19-affected 2020 season, NFL revenue has increased at the rate of $1BB per year each year since 2017. Regardless of the result of the DirecTV lawsuit, the NFL has secured broadcasting deals with CBS, FOX, NBC, ESPN/ABC, YouTube TV, Amazon, and most recently, Netflix. According to Matt Johnson of sportsnaut.com, the league’s estimated revenue for the 2023-24 season approached $20BB.

Jones claims to know where the NFL salary cap is headed better than anyone else, according to The Athletic’s Jon Machota. Perhaps he does have information other general managers aren’t privy to, but for now, it projects as a bit of grandstanding in order to excuse a slow resolution to multiple big contract negotiations. With recent offers out to Lamb and Prescott, it seems progress is being made, but there is a lot more work to be done in Dallas.

Sam Robinson contributed to this post.

Cowboys Expect To Extend Dak Prescott; CeeDee Lamb Seeking Top Non-QB Deal?

July 26th, 2024 at 2:10pm CST by Sam Robinson

JULY 26: Walking back his comments about Lamb a bit Friday, Stephen Jones said (via the Fort Worth Star-Telegram’s Clarence Hill) the fifth-year wide receiver is not “dug in” on becoming the league’s highest-paid non-quarterback. Not too much wiggle room exists here, as it would stand to reason Lamb will want to collect more than Brown ($32MM AAV, $84MM guaranteed) did earlier this year. This matter figures to come down to how Lamb’s contract compares to Jefferson’s, with a sizable guarantee gap existing between the Eagles and Vikings receiver extensions.

JULY 25: Beginning their training camp, the Cowboys have not completed any extensions with their top players just yet. A report earlier this week indicated not much progress has emerged with CeeDee Lamb, who is holding out. Dak Prescott and Micah Parsons are in attendance in Oxnard, Calif., but they join Lamb in one of the more interesting contract quandaries in many years.

Parsons said earlier this summer he expected to become the NFL’s highest-paid non-quarterback when he signs an extension, though the Cowboys have some time with the 2021 draftee due to the fifth-year option. Lamb is heading into his fifth-year option season, and Cowboys COO Stephen Jones shed some light on the team’s negotiations with the All-Pro wide receiver. Lamb joins Parsons in angling to become the NFL’s highest-paid non-QB, per the second-generation NFL exec.

[RELATED: The Cowboys’ Contract Dilemma]

While Jones stopped short of naming names (via the Dallas Morning News’ Calvin Watkins), it is not difficult to learn which players the Dallas bigwig was referencing. Lamb said in January he wanted to be the NFL’s highest-paid wide receiver. The landscape has changed since those comments, with three more wideouts — Amon-Ra St. Brown, A.J. Brown and Justin Jefferson — crossing the $30MM-per-year barrier. The guarantees in Jefferson’s record-smashing $35MM-per-year deal ($110MM in total, $88.7MM full) far eclipsed previous records, and they have certainly complicated Cowboys-Lamb talks.

Dallas did not enter serious negotiations with Lamb last year, as the Vikings also waited until Year 5 — the norm for first-round wideouts until this offseason, when DeVonta Smith and Jaylen Waddle received early extensions — with Jefferson. The Minnesota contract moves the bar for the Cowboys, who have never guaranteed more than $40MM (Amari Cooper) for a receiver. In Dallas’ defense, only 10 wideouts are tied to deals that contained $40MM at signing.

Jones called having three players who could set the market at their positions “not easy,” and Lamb could still be franchise-tagged in 2025. Though, the fifth-year wideout is attempting to force the issue by holding out; Zack Martin did so and succeeded last year. A tag is off the table for Prescott, who holds tremendous leverage with no-tag and no-trade clauses. Prescott’s monster cap number ($55.13MM) this year and void years-driven $40.13MM dead money figure for 2025 give him rare ammo to use against a team also dealing with Lamb and Parsons.

Although the ninth-year QB could maneuver his way to free agency fairly easily, Jerry Jones does not believe 2024 will be Prescott’s Dallas finale. A $60MM-per-year price tag has been rumored for Dak, who may soon have more to work with should the Jordan Love and Tua Tagovailoa deals cross the goal lines in Green Bay and Miami soon.

“Just to be very specific. I do not think this will be his last year with the Cowboys, at all,” Jones said, via The Athletic’s Jon Machota (subscription required). “I want to say if it hasn’t been clear — of how much we appreciate what Dak Prescott has meant to this team in a positive way. The players do play better when he’s out there. He does make his teammates play at a higher level there’s no question about it. So I’m right there in line with his best fan.”

Differing reports have come out regarding whether Prescott or Lamb is the team’s immediate priority. It would stand to reason Prescott would be due to his unique situation, as Lamb can still be tagged. The Cowboys are believed to be set to make their longtime starter a strong offer, one that would drop his record-setting (along with Deshaun Watson and other QBs this year) cap number and give the Cowboys some security.

Prescott prefers to stay in Dallas as well, though the 2023 second-team All-Pro stopped short of guaranteeing his career will unfold entirely with the franchise. As legendary figures like Tom Brady, Peyton Manning, Joe Montana and countless other greats have shown, of course, QBs regularly do not go wire-to-wire with the teams that drafted them. Roger Staubach, Troy Aikman and Tony Romo did, though.

“I’m gonna say it. I want to be here, but when you look [it] up, all the other great quarterbacks that I watched played for other teams [than their first team],” Prescott said, via Yahoo’s Charles Robinson. “… That’s not something to fear.”

Prescott, 30, has not been afraid to maximize his leverage; it took three offseasons for him to sign his current four-year, $160MM contract. Hinting at a future departure is not out of character, and the Cowboys will need to make a whopping offer to ensure they keep their former fourth-round find off next year’s market, where a host of suitors would await.

Cowboys WR CeeDee Lamb Not Reporting To Training Camp

July 23rd, 2024 at 10:14pm CST by Ben Levine

After learning earlier today that the Cowboys had yet to engage in “substantial” extension talks with CeeDee Lamb, the inactive negotiations have led to a holdout. “A person with knowledge” of Lamb’s thinking told Calvin Watkins of the Dallas Morning News that the player will not be reporting to training camp tomorrow. ESPN’s Adam Schefter has since confirmed the news. ESPN’s Todd Archer was first to report that the organization was “bracing” for a Lamb no-show when practices start on Thursday.

[RELATED: Cowboys Yet To Conduct ‘Substantial’ Negotiations With WR CeeDee Lamb]

NFL Network’s Ian Rapoport clarifies that the two sides have indeed worked on a new deal, although it’s uncertain if that runs contrary to the aforementioned report of minimal “substantial” talks. The wideout will continue to face daily fines of $50K until he attends camp.

While Justin Jefferson, A.J. Brown, and Amon-Ra St. Brown all earned offseason extensions that will pay at least $30MM per year, Lamb is still attached to his $17.99MM fifth-year option. The Oklahoma alum did initially state an interest in becoming the NFL’s highest-paid wideout. It’s uncertain if he’s now pushing for Jefferson’s record-breaking $35MM AAV, but at the very least, he can point to the Vikings WR’s $110MM in guaranteed money.

Both sides always intended to see how the market played out, and recent reports indicated that the Cowboys were prioritizing a Lamb extension over deals for Dak Prescott and Micah Parsons. Perhaps that report was a signal of things to come and the Cowboys read the tea leafs regarding Lamb’s impending holdout. Of course, this news also doesn’t come as a huge shock. Lamb had been a candidate to engage in a holdout for quite some time, considering he skipped voluntary OTAs as well as mandatory minicamp.

Now, the Cowboys will be engaged in a holdout for the second-straight training camp. Last year, Zack Martin held out as he pursued a new contract. The Cowboys ended up being the side to blink, as the organization turned the final two years of Martin’s contract into a fully guaranteed agreement. Lamb will obviously be seeking both guarantees and term on his next pact, and with Dallas having not guaranteed a receiver more than $40MM at signing (while also holding the line on contracts spanning at least five years), it’s uncertain which side will relent. For what it’s worth, Ezekiel Elliott won his staring contest with the Cowboys back in 2019, with the running back earning a new contract that made him the highest-paid player at his position.

Lamb has been the centerpiece of the Cowboys’ passing attack since the team moved on from Amari Cooper in 2022. The 25-year-old is coming off a first-team All-Pro season (the first by a Dallas wideout since Dez Bryant), setting franchise records in receptions (135) and yards (1,749) along the way.

Cowboys Yet To Conduct ‘Substantial’ Negotiations With WR CeeDee Lamb

July 23rd, 2024 at 12:40pm CST by Adam La Rose

The Cowboys are preparing to head to Oxnard, California today for the start of training camp. Whether or not CeeDee Lamb attends will no doubt depend on the state of negotiations regarding an extension.

The All-Pro wideout is set to play on his fifth-year option in 2024, valued at $17.99MM. A long-term deal will cost much more, but Dallas has yet to work out an agreement with Lamb, quarterback (and fellow pending free agent) Dak Prescott or extension-eligible edge rusher Micah Parsons. The most recent update on the matter noted that Lamb is now team’s top financial priority, but nothing appears to be imminent.

Calvin Watkins of the Dallas Morning News reports the Cowboys have yet to have “substantial” extension talks with Lamb to date. That comes as a notable surprise considering the importance of the 25-year-old in the Cowboys’ short- and long-term financial planning. If working out a deal with Lamb is indeed viewed as more pressing (or at least more feasible) that doing the same with Prescott, Dallas will have plenty of work to do on the negotiating front over the coming weeks.

Owner and general manager Jerry Jones expressed a desire to wait for the quarterback and receiver markets to take shape before moving forward with new deals for Prescott and/or Lamb. The latter has seen three WR deals surpass $30MM per season recently, including Justin Jefferson‘s historic $35-per-year accord. His asking price will no doubt affected by the continued upward trajectory of the position’s market, though the Cowboys are not believed to be interested in moving the bar higher on a Lamb extension.

The Oklahoma product did not take part in voluntary OTAs or mandatory minicamp. A training camp holdout is a distinct possibility, and the chances of Lamb skipping out on the start of camp would likely increase if team and player are not close to hammering out an agreement. Players who hold out from camp are subject to daily fines, but those attached to rookie contracts (like in Lamb’s case) can have those fines waived by their respective teams.

Lamb’s decision on skipping the start of camp (or attending but not taking part in drills) will be worth watching in the immediate future. With Prescott and Parsons in need of extensions as well, Dallas’ efforts in pursuing a Lamb resolution will be a central storyline for the team over the coming days and weeks.

Cowboys Prioritizing Extension For WR CeeDee Lamb?

July 20th, 2024 at 10:17pm CST by Adam La Rose

A report from one month ago indicated the Cowboys’ top priority with respect to their three pending monster extensions would be quarterback Dak Prescott. That came as no surprise, considering the market at that position compared to those of edge rushers and receivers.

Micah Parsons is on the books for two more years, so his contract status is less pressing than that of Prescott or CeeDee Lamb. The latter has been linked to a training camp holdout in the absence of an agreement, but progress on that front is on the team’s radar. Calvin Watkins of the Dallas Morning News reports Lamb – not Prescott – is Dallas’ No. 1 financial priority at the moment.

Prescott is set to attend the beginning of training camp next week regardless of where things stand with respect to his extension. Lamb’s decision on that front has not been made, though, Watkins adds. The Oklahoma alum has been expected to engage in a holdout for quite some time, considering he skipped voluntary OTAs as well as mandatory minicamp during the spring. Missing practices this summer would result in daily fines, though by virtue of being attached to his fifth-year option Lamb could see those fines waived by the team.

Such a move would come after an extension agreement were to be worked out, and talks on big-ticket deal have long been known to be high on Dallas’ to-do list. Lamb is scheduled to earn $17.99MM in 2024, but a long-term accord will come in at a much higher price tag. The top of the receiver market witnessed plenty of movement this spring, with Justin Jefferson attaining an average annual value of $35MM on his Vikings extension (becoming the league’s top earner for non-QBs in the process). Cowboys owner Jerry Jones previously stated an intention of waiting on similar deals to fall into place before authorizing Lamb and/or Prescott pacts.

Earlier this week, Stephen Jones confirmed talks with Prescott’s camp are ongoing while maintaining the team’s stance on hoping to retain Lamb and Parsons as well. Keeping all three in the fold beyond 2024 will be difficult given the cap implications a new deal for each will have in the short- and long-term future. Lamb’s importance to the team’s offense cannot be understated, though, of course.

The 25-year-old broke franchise records in receptions (135) and yards (1,749) last season, leading the NFL in both categories. Veteran Brandin Cooks resides as Dallas’ No. 2 wideout, and the team has a number of relatively unproven options beyond him on the depth chart. Lamb’s willingness to attend training camp will remain a key story to follow in the coming days, but his stance in that regard will obviously change if a deal is struck shortly.

Stephen Jones On Cowboys’ Extension Efforts

July 19th, 2024 at 10:02am CST by Adam La Rose

With training camps beginning to open around the NFL, numerous extension agreements are likely to be finalized in the near future. For the Cowboys, negotiations on several fronts are ongoing.

COO Stephen Jones made an appearance on The Athletic’s Scoop City podcast to discuss where things currently stand with respect to contract talks for quarterback Dak Prescott, wideout CeeDee Lamb and edge rusher Micah Parsons. Prescott and Lamb are entering the final year of their respective deals, and keeping both in the fold while leaving enough cap resources to extend Parsons will prove to be a challenge. It is one the Cowboys are optimistic can be met, though.

“Well those things take time,” Jones said. “And we’re talking about deals here. You know when you’re talking about CeeDee and Dak and you know somebody like a Micah coming up. I mean you’re talking about two players that aren’t quarterbacks that feel like they ought to be a little bit like [Justin] Jefferson, the top-paid non-quarterbacks in the league.

“And, of course, we’ve got a big one in Dak. And we got [Trevon] Diggs right there. And then you got Zack Martin and [DeMarcus Lawrence]. And so we got a lot of guys making you know quite a bit of money. And you know that’s no excuses. We think we can get this done, know we can get it done. But it just takes time.”

Prescott’s deal is positioned to check in at the highest AAV figure, but both Lamb and Parsons have been connected to an asking price which would allow them to top their respective markets. Dallas is not looking to go to those lengths, though in any event much will depend on the particulars of Prescott’s extension. When addressing the latter point, Jones confirmed he and owner Jerry Jones have been in communication with Prescott himself as well as agent Todd France.

A Prescott accord will likely be finalized before one for Lamb – something which could lead to a training camp holdout if the franchise record-setting wideout does not have a deal in hand in the near future. Week 1 represents a more firm deadline, of course, but the start of camp will be an interesting checkpoint to watch for as Dallas continues to negotiate multiple big-ticket extensions. If the Prescott talks gain traction during the coming days, at least one item off the team’s checklist could be taken care of.

Community Tailgate: The Cowboys’ Contract Dilemma

July 10th, 2024 at 10:34pm CST by Sam Robinson

The 2019 Cowboys offseason featured several extension candidates. The team ended up paying most of them, giving extensions to Ezekiel Elliott, Dak Prescott, La’el Collins and Jaylon Smith. Dallas eventually re-signed Amari Cooper, though he hit free agency before that deal was finalized. Byron Jones departed for Miami shortly before the Cooper agreement.

Although one of the extensions — Prescott’s — affects where the Cowboys are now, this offseason’s dilemma dwarfs where Dallas stood five years ago. Three players — Prescott, CeeDee Lamb, Micah Parsons — are either in contract years or eligible for an extension. Each member of the trio can make a case to become the highest-paid player at his position. For Lamb and Parsons, that means the highest-paid non-QB. Prescott has unique leverage to force the issue into not only becoming the NFL’s highest-paid player but creating a gap between himself and No. 2 on that list.

The Cowboys are not believed to want to set markets, but they may not have a choice. This qualifies as a good problem, given the talent Parsons and Lamb have displayed on their rookie deals. Prescott has not proven himself to be as good at his position compared to the younger Cowboys stars, but as an upper-echelon quarterback, he would carry significant leverage even if his contract situation veered toward a standard place.

But Dak’s circumstances are far from standard. The former Day 3 sensation bucked the trend by playing out his fourth season, for fourth-round money, and waiting on an extension. This meant a year on the franchise tag. Despite that 2020 season being cut short by an ankle injury that still impacts him today, Prescott secured a four-year, $160MM deal just before the March 2021 deadline to apply franchise tags. Prescott became the outlier Cowboy standout, signing for less than five years, and his leverage-maximization tactics led to a procedural franchise tag and a no-trade clause. Part one of that effort looms large years later.

It is hard to overstate how much leverage the Cowboys have given their ninth-year quarterback. Not only can Prescott not be tagged or traded, an offseason restructure placed a $40.13MM dead money figure in play for 2025. That penalty would hit Dallas’ 2025 cap sheet if Prescott is not re-signed before the start of the 2025 league year. The Vikings are taking this medicine after Kirk Cousins departed in March, though Minnesota’s dead cap hit from that defection is $28.5MM.

Prescott is also tied to what would be a record-setting 2024 cap number ($55.13MM) — Dak, Deshaun Watson and Daniel Jones would each set that record barring changes to their contracts — but the void years on his contract threaten a future penalty. A Zack Martin restructure would also give Dallas a $26.5MM dead cap hit if he is not re-signed before the ’25 league year. Prescott, 30, securing a deal in the $60MM-per-year ballpark should be considered in play based on the ammo he carries.

While the 49ers have seen their Brandon Aiyuk talks impacted by another receiver market boom, the Cowboys are more directly affected by what took place in Minnesota last month. The Vikings gave Justin Jefferson a $35MM-per-year deal that includes record-smashing guarantees ($110MM in total, $88.7MM at signing). The latter figure hovers a staggering $36MM north of the next-closest wideout. Aiyuk has been tied to wanting a guarantee north of $80MM; Lamb — a two-time Pro Bowler and 2023 first-team All-Pro — has proven more and can make a stronger case for Jefferson-level terms.

As they prepare to make a strong Prescott offer, the Cowboys may well have their QB in place as a higher priority compared to their top pass catcher. Lamb can be tagged in 2025, and while the team has used its franchise tag in six of the past seven years, a cap hold near $25MM would be an issue. Though, the Cowboys — albeit without Prescott, Martin and Lamb signed for 2025 — are projected to hold more than $64MM in cap space next year. They would have an easier time tagging Lamb than the 49ers would cuffing Aiyuk. For 2024, a Lamb holdout looms. Martin succeeded down this path last year, but Lamb’s matter is different due to the WR seeking a monster extension instead of more security on an existing contract.

Expecting to become the NFL’s highest-paid non-QB, Parsons has said waiting until 2025 for his payday would be acceptable. Another cap jump and another dominant season would put him on track to command close to $40MM per year, though the Cowboys do not expect next year’s cap spike to match this year’s $30.6MM jump. If the Cowboys do finalize extensions for Prescott and Lamb this year, will three top-market contracts be a workable scenario?

Of the three, Parsons is probably the best overall player. The three-time All-Pro is tied to a 2025 fifth-year option and could be tagged in 2026, separating this matter from the near-future Prescott and Lamb deadlines. But the Cowboys will certainly need to factor in a Parsons payday as they navigate talks for their QB-WR combo.

The team would have saved money by extending Prescott or Lamb last year, but the team checked off other boxes — re-ups for Trevon Diggs and Terence Steele — as these expensive matters lingered. Time is running out for Jerry Jones and Co. to begin enacting solutions before training camp.

How will the team end up resolving this quandary? As costs rise, will trade rumors emerge surrounding one of the standouts? Weigh in with your thoughts on the Cowboys’ situation in PFR’s latest Community Tailgate.

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