Let’s call it Wednesday

Posted: March 10, 2021 by Sports Time Radio in sports

Well it took more or less two years, but Dak Prescott and the Dallas Cowboys finally came to a contract agreement that will keep Prescott in signed for the next four seasons.

Prescott ended up getting a four year deal worth $160 million dollars. As part of the deal Prescott will receive a signing bonus of $66 million dollars which is the largest ever given to a player.

The signing bonus will be paid out in $13.2 million dollar increments over the next five years. Yes even if Prescott signs to play somewhere else in the year 2025 the Cowboys would still owe him one more signing bonus payment of $13.2 million dollars.

As for Prescott’ yearly salary he’ll receive $9 million next season. His salary jumps to $20 million dollars in 2022. Then it moves up to $31 million dollars in 2023 before it drops a couple million dollars to $29 million dollars for the final year of his deal.

Now the question will become; will the Cowboys be able to surround Prescott with what he’ll need to win? The Cowboys already have some pretty big money tied up in long term deals with other players; so it’s going to become more and more difficult to add players to help the team as the current roster gets older. The Cowboys already have eight players that make an average of $10 million dollars or more a season: so will see how they handle what would be considered the bottom of their roster when it comes time to fill that out.

Now it was obvious that Prescott was the quarterback that the Cowboys wanted under center, but is it possible that they overpaid for him? Of course if they would’ve had to use the franchise tag on him again for this coming season his salary would’ve been much higher than what they ended up signing him for. I guess will just have to wait and see how this plays out.

I believe that Dallas is the favorite right now to win the NFC East, but what does being the best team in the weakest division mean? Do you think that the Cowboys are Super Bowl contenders?

There were nine players that where franchised by their teams yesterday. Here they are.

The New Orleans Saints used their franchise tag on safety Marcus Williams. The Denver Broncos also franchised tagged a safety as they used their franchise tag on Justin Williams. The New York Jets used their franchise tag on a safety as well as they tagged Marcus Maye. There were three offensive lineman who where franchised tagged by their teams; two tackles and a guard. The Jacksonville Jaquars franchise tagged tackle Cam Robinson: the Carolina Panthers used their franchise tag on tackle Taylor Morton while the Washington Football Team franchised tagged guard Brandon Scherff. The New York Giants franchised tagged defensive tackle Leonard Williams. The other two franchise tags were used on wide receivers as the Chicago Bears used their franchise tag on Allen Robinson and the World Champion Tampa Bay Buccaneers used their franchise tag on Chris Godwin.

Franchise tags were used on all of these players and that means are essentially signed to one-year contract offers that come in two forms: exclusive and non-exclusive.

There are three other forms of tags that NFL teams can use; Exclusive Tags, Non-Exclusive Tags and Transition Tags. Here’s what they mean if a player is designated with one.

An Exclusive tag restrict negotiating rights to the tagging team and pay out an average of the top five salaries at the player’s position in the current year, or 120% of the player’s previous year’s salary, whichever is greater.

A Non-Exclusive tag means a pay out an average of the top five tag amounts at the player’s position from the previous five years (applied to the current cap), or 120% of the player’s previous year’s salary, whichever is greater. Players who receive this tag can negotiate with other teams, but the tagging team has the right to match any offer — and would also receive two first-round draft picks in the event the player signs elsewhere. These are the more commonly used tags by teams.

A Transition Tag are also one-year contract offers. They pay out an average of the top 10 salaries at the player’s position. Players who receive this tag can negotiate with other teams, but the tagging team has the right to match any offer. If the tagging team declines to match, it would not receive any compensation in return.

The new league year in the NFL starts on March 17th, but the deadline to use a tag on a player was yesterday. If a team didn’t use a tag on a player that player is now a free agent.

Have you been listening to the Sports Time Radio podcast? It airs live on BogTalkRadio.com. If you do however miss the live edition of the podcast you can just head on over to TueIn.com and listen any time you want.

You can also find me on Twitter @Burketime

Comments
  1. That was very interesting technical information about various aspects of NFL signings like a franchise player and other options the teams have.
    Dallas may have signed Prescott but they’re very fortunate to be playing in their division because I think they have quite a ways to go before we could consider than an actual SB contender.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s