Don’t Expect An Extension Between Dak Prescott, Cowboys Anytime Soon

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ARLINGTON, TEXAS – SEPTEMBER 22: Dak Prescott #4 of the Dallas Cowboys looks for an open receiver … [+]

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Dak Prescott and the Cowboys have mutual interest in staying together, but that doesn’t mean signatures are going to be scribbled anytime soon.

According to ESPN’s Adam Schefter, the two sides are not close on an extension and it doesn’t appear that will change in the near future. However, the expectation is that a deal will eventually be struck.

While Cowboys owner Jerry Jones recently made it sound as if Prescott was ready to put pen to paper, Schefter reports that that was never the case. There haven’t been any setbacks or things of that nature; the two sides just haven’t gotten close yet.

That could be good news for the quarterback and bad news for Dallas. Prescott is playing some of his best football right now for the 3-0 Cowboys, recording an NFL-leading 74.5 completion percentage, 920 yards and nine touchdowns compared to two interceptions entering the team’s Week 4 game against New Orleans.

With Precott’s value trending upward, he may want to wait until the offseason before inking an extension. An added benefit to that would be that it would allow him to see just how much Patrick Mahomes signs for – the Chiefs are expected to give their quarterback a deal that will make him the highest-paid player in league history. Such a pact would be music to Prescott’s ears.

Jones and the Cowboys don’t have to give Prescott an exorbitant extension just yet, though. If the two sides can’t come to terms – and no collective bargaining agreement is reached – Dallas will have a franchise tag and a transition tag at it’s disposal this coming offseason. One could be applied to Prescott, with the other going WR Amari Cooper, another Cowboys star slated for the open market.

One way or another, it looks like Prescott will call Dallas home for the foreseeable future. For now, however, neither he nor the Cowboys look to be in any rush to make that official.