https://www.bloggingtheboys.com/202...-extension-good-news-stephen-jones-salary-cap
The Cowboys need to re-work QB Dak Prescott’s contract at some point before 2024, so the Justin Herbert extension is relevant.
Herbert’s deal is noted as five years, $262.5 million, the biggest ever for the NFL. On the surface you would think that this would be bad news for the Cowboys, as Dak Prescott’s own $40 million per year contract has only about 18 months left before it expires.
This is good news for the Cowboys in two ways. First, it gives them a precedent to point to in negotiations with Dak’s agent, that other quarterbacks are signing deals early and still reaching the top of the market. Second, it gives the Cowboys some precedent to point to if other veteran players try to use a new Dak extension as justification that they need a new deal with two years remaining. The Cowboys can claim a ‘QB exception rule’ for revisiting deals that early.
The next aspect of the extension that is good news for the Cowboys is the length of the deal, Herbert’s contract makes eight of the top-10 quarterback contracts in annual value, that are all at least five-year contracts. Herbert, Lamar Jackson, Jalen Hurts, Russell Wilson, Kyler Murray, Pat Mahomes, Deshaun Watson, and Josh Allen have all signed at least five-year contracts, with all but Jackson and Watson signing those deals as extensions.
...A five-year extension is much more valuable to the team than a four-year deal because of the freedom it gives Stephen Jones and Adam Prasifka to move the cap charges around year to year. Dak has a great deal of leverage in his negotiations with the team because he is their most important player and the keystone the team is built around. But the Justin Herbert contract, as well as the other recent quarterback deals have given the Cowboys some help as they go to Dak’s camp with a clear outline of what the his value is on the quarterback market, with a great deal of certainty.