The 2025 NFL season is quickly approaching, and “America’s Team,” the Dallas Cowboys, are once again in the spotlight. Whether it’s owner Jerry Jones, coaching drama, or one of the players, football season always brings headlines out of Big D.
This time, Dak Prescott, the veteran quarterback, is at the center of the conversation.
On Tuesday’s edition of First Take, Stephen A. Smith discussed the Cowboys and Prescott’s contract situation, pointing out that the team has restructured his deal five different times. Smith argued that Prescott is overpaid.
“That is a grand total of $82 million in cap space for Jerry Jones. That’s how you know you are overpaying your QB,” Smith said.
.@stephenasmith believes the Cowboys restructuring Dak Prescott's contract five times shows that he is overpaid
— First Take (@FirstTake) August 12, 2025
"That is a grand total of $82 million ... in cap space for Jerry Jones. That's how you know you are overpaying your QB." pic.twitter.com/QORmjsX6RY
The 32-year-old signed a four-year, $240 million contract with the Cowboys, which included an $80 million signing bonus and more than $230 million guaranteed. His average annual salary is $60 million.
Including this season, Prescott has three years left on his deal. His 2025 cap hit is $50.5 million, while his 2026 cap hit will jump to $74 million when he’s 33 years old.
Prescott has a potential out after the 2027 season. If he stays, his 2028 cap hit will rise to $78.3 million. He’s scheduled to become an unrestricted free agent in 2029, when he’ll be 36.
Smith didn’t hold back when talking about Prescott, calling him “overpaid” and pointing to his postseason track record.
“He’s only won two playoff games in ten years,” Smith said. “I don’t blame him, though. I’d take the pay, too.”
Smith also noted that Prescott’s contract has been restructured five times in five years, with the latest move coming on March 5 when $45.75 million of his salary was converted to create $36.6 million in cap space for Dallas.
“That’s a total of $82 million in cap space created for Jerry Jones,” Smith said. “That’s how you know you’re overpaying your quarterback.”
The former Mississippi State star was named NFL Offensive Rookie of the Year in 2016 and won the Walter Payton NFL Man of the Year award in 2022.
His career stats heading into the 2025 season include:
With new head coach Brian Schottenheimer taking over, it’s a pivotal year for Prescott. The pressure is on to deliver in the postseason and, if nothing else, give Stephen A. Smith fewer reasons to talk.
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