The Dallas Cowboys made Dak Prescott the highest-paid quarterback in NFL history last year, but he’s not going into next season under the same terms.
According to ESPN, the QB no longer has the highest salary cap number in the league as the Cowboys have restructured his deal to create $36.6 million in cap space.
The outlet cites a source who told them the team converted $45.75 million of the player’s base salary into a signing bonus, which in turn reduces his cap figure from $89.89 million to $53.29 million.
Dallas has fashioned $56.6 million in cap space over the past two days as they have also restructured CeeDee Lamb’s deal.
Still, owner and general manager Jerry Jones has warned fans not to expect a significant splash in free agency.
“Not if you include what might work for us in the draft and what we’re doing with our own roster relative to who we want to sign,” he added.
The most recent moves aren’t expected to affect Micah Parsons’ potential extension. The All-Pro pass rusher is playing on his fifth-year option of $22.06 million next season, but an extension would lower the number and create even more cap space for the NFC team.
Parsons previously told The Worldwide Leader in Sports he did not need to be the highest-paid defensive player in the league and wanted the Cowboys to be active in free agency. The parties recently opened talks over an extension.
The team signed his defensive teammate, tackle Osa Odighizuwa, to a four-year deal worth $80 million this week, guaranteeing him $52 million. Odighizuwa will count for $6.25 million against the cap in 2025.
