The Dallas Cowboys have just offered their franchise quarterback Dak Prescott a major deal ahead of the start of the 2020 season. If he accepts the terms, he will become one of the highest-paid quarterbacks in the NFL.
Prescott isn’t the only player that got paid this week. Several other NFL teams offered their players lucrative deals. Let’s take a look at the details and a few other updates from around the league.
The deadline to reach a long-term deal with Dallas quarterback Dak Prescott is quickly approaching. As a result, Cowboys owner Jerry Jones has laid his offer out on the table — and it’s nothing to scoff at.
The organization has offered Prescott a deal that would pay him $33 to $35 million a year with more than $100 million guaranteed. According to NFL Network’s Jane Slater, neither sides have discussed the offer as of Tuesday.
At $35 million annually, Prescott would have the second-highest player salary in the NFL behind Chiefs quarterback Patrick Mahomes, who recently signed a deal worth $500 million. If he earns just $33 million a year, he’ll have a similar average annual value (AAV) as some of the league’s best quarterbacks.
Prescott has already signed his franchise contract, which will pay him $31.4 million for the 2020 season. He’ll then enter unrestricted free agency in 2021, potentially costing the Cowboys much more than their current offer if they wish to retain him. Both sides have until 4 p.m. ET Wednesday to come to a multi-year agreement.
The Cleveland Browns are prepared to offer defensive end, Myles Garrett, a contract extension ahead of the 2020 season. According to NFL Network’s Ian Rapoport, both parties are closing in on a five-year deal worth $125 million.
“The Browns and star pass-rusher Myles Garrett are closing in on a 5-year extension worth $125M, sources say. Another massive deal, this time for $25M in new money per year. Their top priority of this offseason and they are in the final stages,” Rapoport tweeted.
The extension includes $100 million in guarantees and $50 million guaranteed at signing. Garrett’s $25 million AAV will make him the highest-paid defensive player in NFL history. The No. 1 overall pick in the 2017 NFL draft had two years remaining in his rookie contract.
The contract extension may have come as a surprise to many. Last season, Garrett was involved in a brawl in which he used Steelers quarterback Mason Rudolph’s own helmet against him as a weapon. Despite this altercation, the Browns’ front office is determined to keep the talented defensive end in Cleveland for as long as possible.
The Kansas City Chiefs and defensive tackle Chris Jones have agreed to a four-year deal worth upwards of $80 million. ESPN’s Adam Schefter tweeted the details of the contract.
“Chiefs are giving franchise DT Chris Jones a four-year, $85 million deal that includes $60 million in guarantees, per source,” Schefter wrote. “More contract details for Chris Jones: $37 million is due at signing. $60 million is guaranteed for injury. It’s a four-year, $80 million deal, with $5 million in incentives, making the value of contract up to $85 million.”
The Chiefs and Jones reportedly entered negotiations approximately 10 days after the team finalized its massive contract with Patrick Mahomes. Jones had threatened to sit out the entire 2020 season if he didn’t receive a long-term deal.
His new salary ranks third among defensive tackles behind L.A. Rams’ Aaron Donald and newly acquired Indianapolis Colts’ DeForest Buckner.
The Tennessee Titans and running back Derrick Henry will unlikely reach a long-term deal before Wednesday’s franchise tag deadline, a source told Adam Schefter.
In April, Henry signed a $10.2-million tag as he waited for a multi-year contract. Unfortunately, it doesn’t appear a longer deal is forthcoming. He’ll play the 2020 season under his current one-year tender and enter free agency in 2021.
The contract negotiations may have reached a stalemate after the Titans decided to offer quarterback Ryan Tannehill a multi-year contract while placing the nonexclusive tag on Henry. The mediocre quarterback out of Texas A&M received a four-year contract worth $118 million.
Despite the lack of a long-term contract, Henry will be the league’s fifth-highest-paid running back in 2020. Only Christian McCaffrey (Panthers), Ezekiel Elliott (Cowboys), Le’Veon Bell (Jets), and David Johnson (Cardinals) are receiving more money this season.
The 26-year-old bruiser from the University of Alabama was instrumental in the Titans’ 2019 playoff run. He carried the team on his shoulders, defeating the No. 1 overall seed Baltimore Ravens and defending Super Bowl Champion New England Patriots in back-to-back games.
He led the NFL with 1,540 rushing yards and 16 rushing touchdowns. He added another 446 yards on the ground and two touchdowns in three playoff games.