Dak Prescott Restructures Contract, Frees Up Cap Space for Cowboys

The move aims to facilitate other signings while negotiations for a long-term extension continue.

Dak Prescott and the Dallas Cowboys have agreed to restructure his contract for the 2024 season, converting a $5 million roster bonus into a signing bonus, thus creating $4 million in cap space.
The restructured deal lowers Prescott's cap number for the upcoming season to $55.455 million and adds two more void years to his contract, totaling four void years through the 2028 season.
The contract adjustment does not prevent the Cowboys from negotiating a long-term extension with Prescott, which both sides aim to finalize this offseason to avoid Prescott playing in a contract year.
The move frees up nearly $9 million in cap space for the Cowboys, enabling them to make other moves in free agency, despite the team's previously limited cap room.
The 2024 season could be pivotal for Prescott and head coach Mike McCarthy, following a disappointing playoff exit last season, despite Prescott's career-best performance in completion percentage and passer rating.