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It’s now easier for the Dallas Cowboys to walk away from Dak Prescott. On Friday, the NFL released the figures for the 2024 salary cap, $255.4 million, steamrolling past previous projections. Originally the number was rumored to be between $240 million and $245 million. The actual number comes in $13 million above the median of that range and Stephen Jones has to be ecstatic.
Why? Because it keeps them from being strong armed in the Dak Prescott contract negotiations. Don’t get it twisted, Prescott still has like 80% of all of the leverage here, but blowing things up just became a little bit more palatable for the Jones family. Even if they do end up signing Prescott long-term, the extra room means they don’t have to resolve Prescott’s situation before addressing other needs. If nothing else, the additional cap space buys the Cowboys time.
Prescott currently sits with a $59.5 million cap hit that can be easily reduced in many ways. The most likely way is that the team works out an extension that makes him the highest paid player in league history, but reduces the 2024 impact on the cap. But now, with this extra $13 million in space they can play a little more hardball because it’s not as catastrophic to their offseason to not get space from Prescott’s deal.