August 10, 2019; Santa Clara, CA, USA; Dallas Cowboys quarterback Dak Prescott (4) and owner Jerry Jones (right) before the game against the San Francisco 49ers at Levi's Stadium. Mandatory Credit: Kyle Terada-USA TODAY Sports

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Jerry Jones: Cowboys happy to ‘overpay’ Dak Prescott

Jan 30, 2020; Miami, Florida, USA; Artist rendering ot the 2020 NFL Draft viewing zone in Las Vegas in front of the High Roller observation wheel during the Super Bowl LIV Experience at the Miami Beach Convention Center. Mandatory Credit: Kirby Lee-USA TODAY Sports

Billionaire owner Jerry Jones said Wednesday he overpaid to keep his multi-millionaire quarterback, Dak Prescott.

“Most anything that I’ve ever been involved in that ended up being special, I overpaid for. Every time,” Jones said at an afternoon press conference in Frisco, Texas, following Prescott putting pen to paper on a four-year, $164 million contract with $126 million guaranteed. “If anyone has ever taken advantage of me financially, I’m proud it’s the one sitting next to me on the right.”

For the record, Jones paid less to purchase the franchise in 1989.

Five months after a gruesome ankle injury, Prescott scored the long-term contract he desired in 2019 and 2020. Only Kansas City Chiefs quarterback Patrick Mahomes makes more on a per-year basis than Prescott.

“This is the right fit. Never in a million years did I imagine not being a Cowboy once I put on the Star,” Prescott said. “I’m excited to be here and never leave. This is my home, I’m not leaving and this is only the beginning.”

Prescott, 27, and the Cowboys came close to contract agreements each of the past three years. Dallas most recently applied the franchise tag on him last March 16 in a deal that was worth $31.4 million for the 2020 season. He joked Wednesday that he contemplated running out from behind a curtain at the live press conference and jumping on the table to prove he’s healing from the Week 5 ankle injury that ended his 2020 season.

Prescott came away with a compound fracture and dislocated right ankle after a tackle by Giants safety Logan Ryan. He underwent surgery later that day and was done for the season.

He said he’ll “be ready when it matters” for the 2021 regular season and is doing everything doctors ask, adding that his motivation is all about being the best quarterback in the NFL and winning the Lombardi Trophy — not beating Jones in contract tug of wars.

Prescott said he asked his girlfriend and brother to keep him honest if even “one thing” changes about him after his massive paychecks hit the account.

“I’ve never played this game for money,” Prescott said. “Money has never been a motivation. I’m intrinsically motivated.”

The Cowboys gave Prescott an NFL-record $66 million signing bonus and no-trade clause. Jones said the contract is “not a dicey bet at all.”

“I’m convinced we can put a team around Dak,” Jones said. “Financially, I like where we are.”

–Field Level Media

Field Level Media
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FLM has a North American focus while tying into regional and hyper-local resources – providing the ability to distribute compelling content through the writing of professional journalists. As the U.S. sports content provider to dozens of digital and print media publishers through strategic partnerships with the likes of Reuters and Nielsen Sports, FLM covers the nuts and bolts with a breaking news desk and game event coverage.

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