Dak Prescott signs $31.4 million franchise tag agreement

Dak Prescott signed his franchise tender on Monday afternoon, putting him under contract for at least the duration of the 2020 season.

The Cowboys' fifth-year quarterback was tagged all the way back in March, but he had held off singing the one-year tender in an effort to secure a long-term extension. Per NFL rules, the Cowboys and Prescott still have until July 15 to sort out an extension, but signing the tag guarantees Prescott the $31.4 million salary that comes with it.

The flip side of that is obviously that Prescott is back under team control – making him subject to all the fines and discipline that would accompany a holdout. The two-time Pro Bowler intimated that he wouldn't participate in the voluntary offseason program without a new deal. But signing his tender would seem to nullify the idea that he would sit out of training camp – whenever it happens to start.

Instead, Prescott is poised to play the 2020 season on this one-year, $31.4 million salary, unless the two sides can come to a multi-year agreement by the afternoon of July 15 – just 23 days from now. This contract saga has been ongoing since last summer, and the evidence suggests there's still a lot of ground to cover. But, as members of the Cowboys' front office have often said, deadlines have a way of making deals.

Regardless of whether he gets that extension, Prescott's decision to sign the tender assures him of a massive pay day – and it assures the Cowboys they'll have their Pro Bowl signal-caller in place during Mike McCarthy's first season as head coach.