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Cowboys Rumors: Dak Prescott, Micah Parsons Contracts Not Any Closer After Lamb Deal

Andrew Peters

While one important member of the Dallas Cowboys landed a historic deal on Monday, two other stars are reportedly still a ways away from landing extensions.

Star wide receiver CeeDee Lamb agreed to a four-year, $136 million extension, but new contracts for quarterback Dak Prescott and linebacker Micah Parsons are still looming.

Per ESPN's Adam Schefter, the Cowboys are not "any closer" to extending Prescott or Parsons.

"It has not felt like there's been a real sense of urgency to get a deal done," Schefter said on SportsCenter. "And the urgency helped them today with CeeDee Lamb, but it has not really been there, nor should it be there with Dak Prescott nor Micah Parsons. So those two situations continue to linger on. And now that Dallas has reached the agreement with CeeDee Lamb, it can take some of the attention that it was devoting to their wide receiver and now begin to focus it on the quarterback and the elite defensive player that Micah Parsons is.

"But it doesn't appear at this time that a deal with either one of those players—Parsons or Prescott—is any closer despite the fact that CeeDee Lamb now has an agreement to keep him in Dallas for the next five years."

Prescott will be a free agent after the 2024 season and should be due for a big raise this offseason. The veteran led the NFL with 36 touchdowns and had the third-most passing yards with 4,516 last year.

The quarterback market was reset this offseason after Trevor Lawrence, Tua Tagovailoa and Jordan Love landed deals that will pay them more than $50 million a year, and Prescott is well deserving of a number in that range as well.

The Cowboys have more time to figure out Parsons' contract situation, as he's under contract through the 2025 season. That also gives Parsons time to have a career season and raise his value even more.

Parsons had 64 tackles and a career-high 14 sacks in 2023, making a strong case to be in the Defensive Player of the Year conversation. Top edge rushers like Nick Bosa, Josh Allen and TJ Watt will earn salaries of around $30 million in 2024, and Parsons will likely meet or surpass that number when he gets an extension.

The good news for Dallas is that neither Prescott nor Parsons seems headed toward a holdout at this point, so the Cowboys should have three of their best players on the field in 2024 after avoiding an extended holdout from Lamb.

   

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