Today we have news on the Dak Prescott franchise tender potential signing. The Dallas Cowboys and quarterback Dak Prescott have been trying to come to terms on a new deal since the offseason began but they have been unable to come to terms on a long-term deal.

Fortunately for the Cowboys and their fans, Prescott does not plan to hold out until the team gives him the contract he is looking for and will sign the one-year, $31.4 million exclusive franchise tender on Monday.

Even though he will sign the tender, the two sides still have until July 15 to come to terms on a long-term deal.

Cowboys Dak Prescott Franchise Tender News

By signing the tender, Prescott is contractually obligated to report to training camp on time even if he does not get a long-term deal with the team. However, the fact that he will be one of the highest-paid players in the NFL, and the potential his franchise tag increases by a mandatory 20% next season to $37.7 million with a flat or lower cap in 2021, is incentive for Dallas to secure a long-term deal before the July 15 deadline.

According to a source familiar with the contract negotiation between Prescott and the Cowboys, “Their problem is the second year, because this salary cap is going to crash unless there’s an intermediate deal. They would have to gut their team to keep him then. So there’s even more incentive for the Cowboys to do a long-term deal with Dak because of the coronavirus and where the cap might be next year.”

Last season, Prescott completed 388 of 596 passes for 4,902 yards and 30 touchdowns. Even though he posted career highs in yardage and touchdowns, He had his worst record as a starter (8-8) as the Cowboys missed the playoffs.