Twitter: Dak contract officially signed. Inside the contract details

[cowboyec]

good for him.
glad its done.
WIN.
GO☆COWBOYS!

 

[cowboyec]

If Dak is worth 60 million per, how much would prime Brady be worth rn? 100? 120?

a billion.
easily.
and i'm not joking.

 

[gimmesix]

So with the high bases, we'll be restructuring and pushing cap hits back into those void years.

Actually, it's pretty clear we will be restructuring next year when you look at the yearly hits. This year, he's making $43 million, so we're saving $14 million against the cap (compared to what his hit was supposed to be). But next year his cap hit is almost $90 million. We'll turn his $47 million base into bonus, though, splitting about $45 million over five years to lower the hit almost $40 million.

 

[Mac_MaloneV1]

2025: Restructure
2026: Restructure
2027: Extension

This is pretty team-friendly, as far as the cap.

 

[rambo2]

Worse contract in professional sports

Lol

 

[rambo2]

And they buckled again with that no trade clause... friggin idiots, Jones has no balls.

Lol, only idiot would come up with this. They aren't trading their franchise qb.

 

[Phamous]

So basically Dallas doesn't give a damn about winning, got it

 

[rambo2]

So basically Dallas doesn't give a damn about winning, got it

They are winning.

 

[NotForLong]

I am a bit confused by the "guaranteed" amount being reported as $231 million.

Unless I am reading that wrong, it looks like the salaries for 2026-2028 are not guaranteed until the 5th day of those league years, so that would technically mean only $100 of the $240 (not counting current contract carry over) is actually guaranteed from the new $240 contract, not $231 million.

That makes it seem like if they relased him after 2025 that they would not owe him any more money and the dead cap hit would be something like $48 million ($16 million x 3 for the 2026-2028 remaining pro-rated signing bonus).

I hate when they use ambiguous terminology because "guaranteed" to me means it has to be paid, but the actual details make it look like the salaries for 2026-2028 do not become guaranteed until the 5th day of each of those league years.

If that is the case, then they are not guaranteed unless he is still on the team.

https://www.spotrac.com/nfl/player/_/id/19089/dak-prescott

Sweet

 

[John813]

Figured they would adjust his 2024 salary as part of the deal. 1.25+26mil existing SB + 16mil new SB = ~43-44mil cap hit for 2024

Shaves 11-12mil off the 2024 cap for rollover

 

[BoyzBlaster]

He really knows how to run it in.

 

[sunalsorises]

Nah. They did that to ease the pain. A big contract needs void years to absorb restructures. Ultimately, the idea is that you restructure a few times to bring down cap hits early in the contract, then when you are ready to draft his replacement, you are still paying for the departing QB but not paying much for the drafted QB. Dak will get his money, but when it is reflected on the cap is mostly dependent on what Dallas wants to do in free agency. Lots of space can be created off this one contract.

The last set of void years left a $40 million cap hit. If Dak had walked, and he will someday, that would have been a big hit to absorb.

 

[gimmesix]

The last set of void years left a $40 million cap hit. If Dak had walked, and he will someday, that would have been a big hit to absorb.

Whenever we cut him, there's going to be a big hit to absorb, but if we draft a rookie to replace him, even with the No. 1 pick, it will only cost us $10 million APY for the first few years (see Caleb Williams contract). Ultimately, this deal was crafted with that in mind, so you push part of it into those void years to create space during the years he's here to sign other players. As the saying goes, you rob Peter to pay Paul. Only with our team, it's pay your own free agents and be cheap with outside free agents.

 

[rojan]

I wish we front loaded this year more. We are not going to use the salary, so why bother having his base at $1.5M

 

[fivetwos]

I am a bit confused by the "guaranteed" amount being reported as $231 million.

Unless I am reading that wrong, it looks like the salaries for 2026-2028 are not guaranteed until the 5th day of those league years, so that would technically mean only $100 of the $240 (not counting current contract carry over) is actually guaranteed from the new $240 contract, not $231 million.

That makes it seem like if they relased him after 2025 that they would not owe him any more money and the dead cap hit would be something like $48 million ($16 million x 3 for the 2026-2028 remaining pro-rated signing bonus).

I hate when they use ambiguous terminology because "guaranteed" to me means it has to be paid, but the actual details make it look like the salaries for 2026-2028 do not become guaranteed until the 5th day of each of those league years.

If that is the case, then they are not guaranteed unless he is still on the team.

https://www.spotrac.com/nfl/player/_/id/19089/dak-prescott

What becomes guaranteed on the 5th day of each league year is the salary for the season following the upcoming one.

So they would have to tell him by the fifth day of a league year that they are cutting him after the upcoming season, which at that point would already be fully guaranteed.

Outside of that happening, or the team eating a season of salary, the entire deal is essentially guaranteed.

 

[Hoofbite]

I am a bit confused by the "guaranteed" amount being reported as $231 million.

Unless I am reading that wrong, it looks like the salaries for 2026-2028 are not guaranteed until the 5th day of those league years, so that would technically mean only $100 of the $240 (not counting current contract carry over) is actually guaranteed from the new $240 contract, not $231 million.

That makes it seem like if they relased him after 2025 that they would not owe him any more money and the dead cap hit would be something like $48 million ($16 million x 3 for the 2026-2028 remaining pro-rated signing bonus).

I hate when they use ambiguous terminology because "guaranteed" to me means it has to be paid, but the actual details make it look like the salaries for 2026-2028 do not become guaranteed until the 5th day of each of those league years.

If that is the case, then they are not guaranteed unless he is still on the team.

https://www.spotrac.com/nfl/player/_/id/19089/dak-prescott

Looks like the guarantee dates are 1-year ahead of the league year, no?

2024 = signed guarantee including 2025 season
2025 = guarantee deadline for 2026 season
2026 = guarantee deadline for 2027 season

I am on my phone scrolling between sites so maybe not really seeing what you are

 

[J12B]

Four void years? That is going to hurt.

Not at all. it'll just give the front office flexibility with cap should they need it.

Philly does this all the time and it's smart.

If Dak is worth 60 million per, how much would prime Brady be worth rn? 100? 120?

Probably like 2.3 Bajillion Dollars!!!!!

 

[KJJ]

Worse contract in professional sports

As much as you hate Dak, you honestly believe his deal is worse than the Deshaun Watson deal? Lol Dak is here for at least four more years so better deal with it.

 

[Reality]

Looks like the guarantee dates are 1-year ahead of the league year, no?

2024 = signed guarantee including 2025 season
2025 = guarantee deadline for 2026 season
2026 = guarantee deadline for 2027 season

I am on my phone scrolling between sites so maybe not really seeing what you are

It looks like you are right.

Not that it would happen, but my guess would be if it ever happens the Cowboys find a replacement for him, they could trade him and push the remaining guaranteed salary (minus the accelerated signing bonus that remains of course) to another team's salary cap.

Since a no-trade clause just means the Cowboys cannot force a trade, not that one cannot happen, that means Dak could agree to a trade if he picked the other team especially if the alternative would be sitting on the bench as a backup in that situation since it may be better for the Cowboys salary cap to keep him as a backup until 2027 or 2028.

Again, I do not see that happening unless Dak's performance declines a lot for some reason, but that may be their backup plan if something goes wrong.

 

[America's Cowboy]

Here is the full Dak Prescott contract breakdown. Click in the Notes link provided to see the full details and breakdown explanation...