Dallas Cowboys QB Dak Prescott signs $31.4M franchise tag

Dallas Cowboys quarterback Dak Prescott (4) celebrates after making a touchdown throw against the Washington Redskins during the second half of an NFL football game in Arlington, Texas, Sunday, Dec. 15, 2019. Prescott connected with wide receiver Michael Gallup for the touchdown. (AP Photo/Ron Jenkins)

by: Joshua Hoggard

Posted: Jun 22, 2020 / 08:29 PM AST

Updated: Jun 22, 2020 / 08:29 PM AST

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FRISCO (KFDX/KJTL) — The Dallas Cowboys have their quarterback under contract for at least the 2020-20201 NFL football season.

According to reports, Dak Prescott has signed a franchise tag of $31.4 million Monday afternoon.

#Cowboys QB Dak Prescott has signed his $31.409M exclusive franchise tag, per @HelmanDC, a few days after the team ended its virtual offseason. He’s locked in for 2020, though the two sides aren’t close on a long-term deal. They have until July 15.
— Ian Rapoport (@RapSheet) June 22, 2020

#Cowboys QB Dak Prescott has now officially signed his exclusive franchise tag as first reported by @DallasCowboys reporter David Helman. The goal is still get a long term deal by July 15th but this means Prescott will be contractually obligated to report on time to camp.
— Jane Slater (@SlaterNFL) June 22, 2020

The Cowboys and Prescott still have until the July 15 deadline to have a new long-term deal, something the two sides have failed to do thus far this offseason.

If they don’t reach an agreement, Prescott will play under the franchise tag.

In 2019, Prescott started all 16 games for the Cowboys, completing 65.1% of his attempted passes for 30 touchdowns, 11 interceptions, and 4,902 yards, just a yard short from tying the single-season passing yards record set by Tony Romo.

Prescott also rushed for 277 yards and 3 touchdowns.