The Dallas Cowboys are slightly reducing quarterback Dak Prescott's massive salary cap hit by reworking his contract going into the final year of the deal, sources told ESPN's Field Yates on Monday.
A $5 million roster bonus has been converted into a signing bonus to reduce the 2024 cap hit by $4 million, to just over $55 million, the sources told Yates.
The Cowboys can create more salary cap relief with an extension for 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 attempts to sign Prescott to a contract extension, a source told ESPN's Ed Werder. While Jerry Jones has said the club plans to keep Prescott, the team owner/general manager hasn't struck the same definitive tone he did in 2021 before signing his franchise QB to a club-record $160 million, four-year contract.