Sources – Cowboys are reworking Dak Prescott's contract to reduce the cap

The Dallas Cowboys are slightly lowering quarterback Dak Prescott's salary cap by reworking his contract in the final year of the deal, sources told ESPN's Field Yates on Monday.

The $5 million roster bonus was converted to a signing bonus to reduce the 2024 cap hit by $4 million, to just over $55 million, sources told Yates.

The Cowboys could create more salary cap relief by extending Prescott, who is coming off a wild-card loss at home to Green Bay that dropped his playoff record to 2-5.

The Cowboys are continuing their attempts to sign Prescott to a contract extension, a source told ESPN's Ed Werder.

While Jerry Jones has said the club plans to retain Prescott, the team owner/general manager has not struck the same definitive tone he did in 2021 before signing his franchise QB to a club-record $160 million, four-year contract.

The contract rework included adding two more voidable years in 2027 and 2028, pushing Prescott's salary cap in 2025 slightly higher to $40 million.

The Cowboys have been quiet in free agency due in part to looming paydays for future All-Pro CeeDee Lamb and star pass rusher Micah Parsons, the 2021 NFL Defensive Rookie of the Year.

Committing to Prescott after next season would make it easier to close deals with Lamb and Parsons.

Dallas' only addition from another team so far has been linebacker Eric Kendricks on a one-year deal worth up to $3.5 million. The Cowboys added Kendricks while releasing linebacker Leighton Vander Esch, their 2018 first-round pick, due to a failed physical after suffering another neck injury last season.

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The Associated Press contributed to this report.

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