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Odds Say Dak Prescott Will Have a New Deal Before 2020 Season – Over / Under Annual Value Set at $34.5 Million

Dallas Cowboys
Dak Prescott is reportedly seeking a new contract worth $40 million per season. Photo by Keith Allison (Wiki Commons).
  • Dak Prescott recently received the franchise tag, but odds favor him signing a new contract before the start of the 2020 season
  • Prescott ranked second in passing yards, fourth in touchdowns and fifth in yards per attempt in 2019
  • See below for analysis on a pair of props surrounding Prescott’s contract situation

It’s only a matter of time before Dak Prescott signs one of the biggest contracts in NFL history. The star QB was recently placed under the exclusive franchise tag by the Dallas Cowboys, but Dallas literally can’t afford to wait much longer to sign him.

That’s because the market is about to reset once Patrick Mahomes signs a new deal that will likely eclipse the $200 million mark. No team, no matter how deep their pockets are, will want to compete with that contract, including the Cowboys.

Online sportsbooks have recognized the urgency of the situation and are now offering a pair of props surrounding the Prescott negotiations.

Odds Dak Prescott Plays Game 1 of the 2020 NFL Season Under the Franchise Tag

Outcome Odds
Yes +400
No -700

All Odds taken Apr. 29th

Prescott is coming off the best season of his career and 2020 looks even more promising. The former fourth round pick, ranked second in passing yards, fourth in touchdowns and now has a new weapon at his disposal.

Prescott’s upgraded receiving corps is arguably the best in football and with Zeke Elliott in the backfield, it’s tough to identify a more dangerous offense. The plethora of weapons make Prescott a near lock to return to the top of most passing categories which is only going to drive his value up higher.

If you’re wondering about the Cowboys’ cap situation they’re a little short on cash right now, but roughly $10 million will open up once Travis Frederick officially retires. Prescott has reportedly been seeking a long term deal with an average annual value of $40 million, but Dallas’ latest offer came in at just $33 million per season with $105 million guaranteed.


For reference, Aaron Rodgers ($33.5 million), Jared Goff ($33.5 million) and Carson Wentz ($32 million) all make roughly the amount per season the Cowboys’ proposed, and Prescott significantly outproduced each of them in 2019.

Dallas has until July 15th to sign Prescott to a new contract or else he’s locked into the franchise tag number of $31.4 million for one season. There’s no reason to think they won’t cave and pay Dak what he’s worth.

Pick: No (-700)

How Much Will Dak Prescott’s Next Contract AAV Be?

Outcome Odds
Over $34.5 Million Per Season -120
Under $34.5 Million Per Season -120

Prescott’s teammates Cooper ($20 million) and Elliott ($15 million) rank first and second respectively among their position groups in terms of average annual salary, so don’t expect Prescott to accept anything less than the richest quarterback contract per season on the market.

That honor currently belongs to Russell Willson at $35 million a year, and with Prescott seeking at least $5 million more there’s no way he settles for less than that number.

Dak threw for nearly 800 more yards than Russ last season, and he racked up more passing yards and touchdowns than Rodgers, Goff and Wentz, who ranked three, four and five in terms of highest salary per season in 2019.

When Prescott finally he signs his life changing contract, the number is sure be over $34.5 million per season.

Pick: Over 34.5 million (-120)

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