Dallas Cowboys quarterback Dak Prescott became the highest-paid player in NFL history on Sunday after agreeing to a four-year, $240 million contract extension with $231 million guaranteed, multiple media outlets reported.
The deal includes an $80 million signing bonus and runs through the 2028 season.
The contract carries an average annual value of $60 million per season, which is $5 million more per campaign than Joe Burrow (Cincinnati Bengals), Trevor Lawrence (Jacksonville Jaguars) and Jordan Love (Green Bay Packers).
Word of Prescott’s new deal came just hours before Dallas opened its season against the Cleveland Browns, and the Cowboys ended up cruising to a 33-17 victory. Prescott completed 19 of 32 passes for 179 yards and a touchdown.
“I hope after today we’re done talking about (the new contract) and my pockets, I guess you could say,” Prescott said after the win over Cleveland. “Can just move forward and focus on this team and the success that we plan to have and what we’re working toward.”
The high-profile move is the second made in short order by the Cowboys. They signed star CeeDee Lamb to a four-year, $136 million contract extension that includes a $38 million signing bonus, the largest ever for a wide receiver.
Prescott, 31, had been set to enter his ninth season on the final campaign of a four-year, $160 million contract he signed in 2021.
He led the NFL in completions (410) and touchdowns (36) last season. He threw for 4,516 yards in 17 games as Dallas finished the regular season 12-5.
A three-time Pro Bowl selection, Prescott owns a 74-41 record in 115 career starts since being picked by Dallas in the fourth round of the 2016 NFL Draft. He has thrown for 29,638 yards with 203 touchdowns and 74 interceptions.
