BREAKING: Dak Prescott and the Dallas Cowboys agreed to a four-year, $240 million contract extension, making him the highest-paid player in the
BREAKING: Dak Prescott, Dallas Cowboys Agree to Four-Year, $240 Million Extension — Now the Highest-Paid Player in the NFL 💰🏈
By SportHubs Report | June 17, 2025
FRISCO, TX — In a blockbuster move that will reshape the NFL landscape for years to come, Dak Prescott and the Dallas Cowboys have agreed to a four-year, $240 million contract extension, making the veteran quarterback the highest-paid player in NFL history.
The deal, which includes a record-shattering $180 million in guaranteed money, was finalized late Monday night and marks a significant vote of confidence from the Cowboys’ front office in their longtime franchise signal-caller. Prescott’s new deal will pay him an average of $60 million per year, eclipsing the previous high-water mark set by Joe Burrow in 2023.
FROM FOURTH-ROUND PICK TO NFL’S RICHEST STAR
Prescott’s rise has been nothing short of cinematic. Drafted in the fourth round (135th overall) out of Mississippi State in 2016, he was initially expected to be a developmental backup behind Tony Romo. Instead, injuries forced him into the starting lineup — and he never looked back.
In the years since, Prescott has established himself as a cornerstone of the Cowboys’ franchise. He’s led the team to five playoff appearances, three NFC East titles, and two NFC Championship Game appearances. Despite critics questioning whether he could ever “get over the hump,” the Cowboys clearly believe his best football is still ahead.
> “Dak is everything you want in a leader,” said Cowboys owner and GM Jerry Jones in a statement. “He’s resilient, accountable, and obsessed with winning. This contract reflects not just what he’s done, but what we believe he’s about to do.”
BREAKING DOWN THE HISTORIC DEAL
Prescott’s new contract is both a financial and symbolic statement from Dallas. Here’s how it breaks down:
Total Value: $240 million
Average Annual Value (AAV): $60 million — highest in NFL history
Guaranteed Money: $180 million — also a league record
Signing Bonus: $80 million — largest in Cowboys franchise history
Performance Incentives: Up to $10 million for MVP, Super Bowl appearance, and statistical milestones
The deal places Prescott ahead of top-paid quarterbacks like Patrick Mahomes, Joe Burrow, Justin Herbert, and Josh Allen — at least for now.
MONEY TALKS, BUT THE PRESSURE BUILDS
While the payday is massive, the expectations for Prescott just ballooned even higher.
Cowboys fans — and critics — have long debated whether Dak is “elite.” While his stats are often among the best in the league, and his leadership off the field has earned widespread respect, the lack of a Super Bowl appearance continues to shadow his legacy.
> “This is a defining moment,” said NFL analyst Stephen A. Smith on First Take. “With that contract, there are no more excuses. He must win. Period.”
Prescott’s 2024 campaign was statistically brilliant. He threw for 4,510 yards, 36 touchdowns, and just 9 interceptions, leading Dallas to a 12–5 record and a playoff win over the Rams before falling in the NFC title game to the 49ers.
Now, with a loaded roster and coaching staff returning intact under head coach Mike McCarthy, the window is wide open.
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THE CONTRACT’S IMPACT ON THE COWBOYS’ FUTURE
While securing Prescott was critical, the financial terms will ripple across the Cowboys’ roster strategy for years.
Star wide receiver CeeDee Lamb is entering the final year of his deal and is expected to demand a top-of-the-market extension. Standout pass-rusher Micah Parsons will also soon be eligible for a megadeal. Prescott’s $60 million AAV will challenge the front office’s ability to keep the core intact.
> “Dak got his bag, and I’m happy for him,” said Parsons on social media. “Now let’s go get that ring. #CowboysNation”
Cowboys COO Stephen Jones addressed those concerns during a Tuesday press conference.
> “We’ve planned for this moment,” Jones said. “We know who our leaders are. Dak’s deal is structured with flexibility in mind. We’re not done building.”
DAK PRESCOTT SPEAKS: “I’M JUST GETTING STARTED”
Prescott appeared visibly emotional at Tuesday morning’s press conference as he addressed the media for the first time since signing the extension.
> “This is surreal,” Prescott said. “From a small town in Louisiana to becoming the highest-paid player in this league — it’s not just about the money. It’s about the belief this organization has in me.”
> “I haven’t accomplished what I’ve set out to do here. I want to bring a Super Bowl back to Dallas. And now, with this deal done, that’s my sole focus.”
He added that the contract “won’t change” who he is — insisting he’s still the underdog, the grinder, the kid who plays with a chip on his shoulder.
A MASSIVE WIN FOR AGENT TODD FRANCE
The deal also marks another massive win for Prescott’s agent Todd France, who now represents multiple top-earning quarterbacks across the NFL. France has consistently maximized value for his clients, and Prescott’s contract cements his reputation as one of football’s most powerful agents.
> “Dak bet on himself. He did everything the right way. Now he’s being rewarded,” France said. “It’s a win for him and for the game.”
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THE LEGACY BEGINS NOW
With the ink dry and the stage set, Dak Prescott has everything he needs: elite teammates, a franchise that believes in him, and now, the richest contract the NFL has ever seen.
But with the biggest deal comes the biggest spotlight.
No more speculation. No more debates. No more “next year” mentality.
It’s time for Dak Prescott to deliver a Super Bowl — and if he does, he won’t just be the richest Cowboy of all time. He’ll be a legend.
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Stay tuned with SportHubs for full breakdowns of contract fallout, NFC projections, and where this historic deal ranks among the NFL’s all-time megadeals.
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