Sources - Dak Prescott, Cowboys agree to record $240M deal - ESPN

The Dallas Cowboys and Dak Prescott have agreed on a four-year, $240 million contract extension that will make the star quarterback the highest-paid player in NFL history and keep him in a Cowboys uniform through the 2028 season, sources told ESPN.

The deal includes $231 million guaranteed, a source told ESPN, which is the most in league history. Deshaun Watson's fully guaranteed deal with the Cleveland Browns was worth $230 million.

The $60 million average annual value of Prescott's contract is the highest in NFL history, easily surpassing recent deals worth $55 million in average annual value signed by Cincinnati's Joe Burrow, Green Bay's Jordan Love and Jacksonville's Trevor Lawrence. Prescott also received a record $80 million signing bonus, passing Love's previous high of $75 million.

The Cowboys announced Sunday morning that they agreed to a deal with Prescott but did not disclose terms.

The record-setting deal comes hours before Dallas' season opener in Cleveland against the Browns, after the Cowboys and Prescott engaged in negotiations throughout the weekend, according to sources.

In less than two weeks, the Cowboys were able to make Prescott the highest-paid quarterback in the NFL and make CeeDee Lamb the league's second-highest-paid wide receiver, securing both players through 2028.

The Prescott deal also helped the Cowboys avert a potential salary cap mess and keep them from needing to find a franchise quarterback either through free agency, trade or the draft in 2025. The path to the largest contract in Cowboys history was not as long as the first time Prescott signed the biggest contract in team history, but it still had some drama.

Prescott had been set to play this season on the final year of a four-year,