Video: FOX: Marcellus Wiley explains why Dak Prescott is a genius for turning down $33m extension

[visionary]

Greed

what sin is that?

 

[ItzKelz]

Dak seems to be the smartest man in the room.....

 

[buybuydandavis]

Marcellus Wiley explains why Dak Prescott is a 'genius' for turning down $33 million extension (VIDEO)

Marcellus Wiley joins Rich Ohrnberger, TJ Houshmandzadeh and Jason Whitlock to discuss reports that Dak Prescott turned down a contract extension from that Dallas Cowboys that would've paid him $33 million a year.

Read Full Story

Depends on just what it costs for him to insure against injury.

But he could have *locked in* 100mil+. Current net worth estimated at 2 mil.
https://www.celebritynetworth.com/richest-athletes/nfl/dak-prescott-net-worth/

That's a big difference. The marginal utility of squeezing an extra 10 or even 20 mil out of Jerry is negligible compared to that *first* 100mil. Also, time is money, and he missed a fat run up in stocks.

If you ignore insurance, it would have been just stupid for him to play games he didn't have to last year. Stupid risk on a mountain of money that dwarfs what he then had.

But if it made sense to do last year with insurance, it certainly makes sense to do this year again, with 33mil in guaranteed franchise money coming.

He and Cooper should make Jerry pay through the nose now, or just play the season on tags while insuring themselves against injury, and then squeeze Jerry again next year.

 

[shabazz]

Really? I'll admit that Ohrnberger isn't exactly a household name, but ALL of the others are. If you do not know who there are, then you are most likely:
a. Very young
b. new to football
c. not really a fan of the game.

a. Very young- Hes the same age as his tongue, and a bit older than his teeth
b. new to football- He used to play football when they were using leather helmets
c. not really a fan of the game- Hes in fact, served as Knute Rockney's assistant.

 

[atlantacowboy]

Marcellus Wiley explains why Dak Prescott is a 'genius' for turning down $33 million extension (VIDEO)

Marcellus Wiley joins Rich Ohrnberger, TJ Houshmandzadeh and Jason Whitlock to discuss reports that Dak Prescott turned down a contract extension from that Dallas Cowboys that would've paid him $33 million a year.

Read Full Story

The problem with playing another year for 400k vs 33M is simple. Its 32.5M he may never recoup. Lets say Jerry has a brain fart and offers him 40M per over 5 years. In that scenario, Dak wouldn't recoup the 33M he turned down until the final year of his contract.............and thats only if he let the 33M sit in a savings account rather than working for him. Plus, who knows if Dallas would even keep him after the guaranteed money was used up. He can get injured or maybe lack of playoff success will cause the cowboys to move on. So many variables. Most agents understand that less money sooner is better than more money later. Marcellus is a wind box with no expertise in the area of finance.

 

[PhillyCowboysFan]

I'll bet the farm you're wrong on all 3 accounts. Be careful now. I've known Coach for many years.

I was curious myself when he stated that he didn’t know two of them.

 

[HanD]

Whitlock is the worst. Dude started the year saying Dallas needed to wait and see on Dak then after first month was screaming why isn't a deal done. What is Dallas waiting for. He flips and flops more than Hawaiians wearing sandals.

Having said that, no matter how good his season was or if his stats are padded, the price on QBs is about to go up again after Watson and mahommes resign. This time to 40m. Either get it done now or get ready to draft a new qb. He's not the best but he's good and in 3 years 35m will look like avg salary. Jimmy g was overpaid and now it looks like a deal. Such goes qb wages these days.

 

[HanD]

The problem with playing another year for 400k vs 33M is simple. Its 32.5M he may never recoup. Lets say Jerry has a brain fart and offers him 40M per over 5 years. In that scenario, Dak wouldn't recoup the 33M he turned down until the final year of his contract.............and thats only if he let the 33M sit in a savings account rather than working for him. Plus, who knows if Dallas would even keep him after the guaranteed money was used up. He can get injured or maybe lack of playoff success will cause the cowboys to move on. So many variables. Most agents understand that less money sooner is better than more money later. Marcellus is a wind box with no expertise in the area of finance.

His salary last year was 400k regardless. Most contracts are extensions. You don't rip up the last year. That was the case with zeke. So signing 33m over 5yr before last season started is the same as signing 33 over 5 now for Dak. It only changes with the cap and when it hits or if it can be spread over more years. Dak gets the same money regardless unless he got injured this year. There is no additional money lost to recoup.

Now sitting out the franchise is a different scenario which is what leveon did. In that case we are talking about lost and recouped wages

 

[Ranching]

I'll bet the farm you're wrong on all 3 accounts. Be careful now. I've known Coach for many years.

Itchy trigger finger? Lol

 

[willia451]

Dak is going to get his money. 5 yr 175m at least. Just like Zeke got his money.

That is unless MM has some very serious concerns about Dak he has communicated to Jerry and has tried to convince him to move in another direction.

We just don't know. We'll see.

 

[atlantacowboy]

His salary last year was 400k regardless. Most contracts are extensions. You don't rip up the last year. That was the case with zeke. So signing 33m over 5yr before last season started is the same as signing 33 over 5 now for Dak. It only changes with the cap and when it hits or if it can be spread over more years. Dak gets the same money regardless unless he got injured this year. There is no additional money lost to recoup.

Now sitting out the franchise is a different scenario which is what leveon did. In that case we are talking about lost and recouped wages

Um wrong. He WAS OFFERED 33M last year. He turned it down. The consequences of that are basic math. Sorry if its over your head.

 

[jterrell]

He knows the Jones family will cave. That's why he turned it down. Stephen should have already slapped the tag on him and stopped the pretend negotiations.

They will tag him but so what.
That just means he is FULLY GTD a massive yearly salary with zero control going forward.
OK they tag him again at even more insane yearly cost and then sign him... meanwhile the QB market just keeps rising so will his earnings.

This isn't hard. These dudes are right. Long as he stays healthy kicking the can is genius, especially with new CBA on horizon.
They need to money-whip him and lock him up long term.

We saw this with DLaw.
Tags don't help all that much unless you know you are moving on from a guy the next season.

 

[mrmojo]

Marcelius Wiley is the last person I'd listen to...but I guess he did swindle money out of the Cowboys too when he played here....

 

[starfan1]

I didnt even click on it once I read marcellus wiley

 

[charron]

They will tag him but so what.
That just means he is FULLY GTD a massive yearly salary with zero control going forward.
OK they tag him again at even more insane yearly cost and then sign him... meanwhile the QB market just keeps rising so will his earnings.

This isn't hard. These dudes are right. Long as he stays healthy kicking the can is genius, especially with new CBA on horizon.
They need to money-whip him and lock him up long term.

We saw this with DLaw.
Tags don't help all that much unless you know you are moving on from a guy the next season.

Did we really save anything by signing dlaw long term? the problem is that they're not going to use the franchise tag on Deck anyway there's not even a thread of it they're going to just sign him to whatever contract the guy wants because they're wimps. They're too afraid but being worse at quarterback instead of realizing they could do almost as good at a fraction of the price.

 

[CATCH17]

It seems as if today's media devotes more time to an athlete's pay rather than their play. So now Dak is considered to be a genius by putting more stress on the salary-cap than he does on opposing defenses.
Yay.

It's so stupid.

The Cowboys are a worse team the moment Dak gets paid.

 

[jterrell]

Did we really save anything by signing dlaw long term? the problem is that they're not going to use the franchise tag on Deck anyway there's not even a thread of it they're going to just sign him to whatever contract the guy wants because they're wimps. They're too afraid but being worse at quarterback instead of realizing they could do almost as good at a fraction of the price.

That's what I mean.
The Cowboys got hosed in the DLaw negotiations by waiting.
The longer we wait the target contract just grows and the player is then just older and more expensive.

DAL should have signed Dak 2-3 years ago at Jared Goff rates. Then if he was bad they could punt.
This idea of Dak's agent to extend beyond new CBA is smart business but sucks for the Cowboys.
The contracts will just keep rising.
Pat Mahomes will obviously set a new record.
So will other guys in that pipeline that aren't the best overall like D. Watson.

QB money has shown zero signs of receeding but has only risen and at astronomical rates.

 

[conner01]

Trade DLaw! Trade up in the draft Dak IS NOT WORTH IT!!!

Look at the cost of doing that please
You ain’t trading Dlaw a year after signing him
2022 you can walk away from Dlaw if they want to

 

[charron]

That's what I mean.
The Cowboys got hosed in the DLaw negotiations by waiting.
The longer we wait the target contract just grows and the player is then just older and more expensive.

DAL should have signed Dak 2-3 years ago at Jared Goff rates. Then if he was bad they could punt.
This idea of Dak's agent to extend beyond new CBA is smart business but sucks for the Cowboys.
The contracts will just keep rising.
Pat Mahomes will obviously set a new record.
So will other guys in that pipeline that aren't the best overall like D. Watson.

QB money has shown zero signs of receeding but has only risen and at astronomical rates.

Yea but if he's your guy at 30 then he's still your guy at 35. The only benefit of the long term contract will be pushing money down to other years. But like we saw with Romo it still comes due and will ultimately hurt the team. They will need the ability to get out of the contract in 3-4 years. Stephen and Jerry rarely do early contracts with the bigger stars, they like to wait and it favors the agents to do so too. Cap and salaries rise so whenever the deal is done it'll be for near max for Dak to the detriment of the team. They shouldn't have signed dlaw either, just another example of how weak they are.

 

[HanD]

Um wrong. He WAS OFFERED 33M last year. He turned it down. The consequences of that are basic math. Sorry if its over your head.

The 33m would have been an extension like Zeke's was. If you can point me to something that states it would have erased his 400k I'd love to see it.

No need to try to talk above me high and mighty. The math isn't over my head. I'm an engineer. Most NFL contracts are extensions and add to the back of the existing contract. Maybe his offer was different but I've never read anything to the contrary.

Here's an example.

http://www.nfl.com/news/story/0ap3000001040986/article/dak-prescott-seeking-extension-worth-40myear
The Dallas Cowboys quarterback, who is entering the final year of his contract and has been negotiating an extension with the club, has turned down a deal worth $30 million per year and is instead seeking a contract worth $40 million per year, NFL Network's Jane Slater reported Monday, per a source informed of the talks.

If he took a 33m 5yr extension Sept 19 or signed it now it is the same money. He gets some of the signing bonus and guaranteed money earlier and Dallas can spread it out over the cap but in the end, the total money he gets is the same.