Report: Cowboys Dak Prescott To Sign Franchise Tender By Monday

75756A5E-120A-4932-810C-2FD980DB785E
By 105.3 The Fan
DALLAS (105.3 The Fan) - With the deadline for a long term extension quickly approaching, Cowboys quarterback Dak Prescott will reportedly sign a $31.4 million franchise tender by Monday, per ESPN's Adam Schefter 

Cowboys’ QB Dak Prescott is planning to sign his $31.4 million exclusive franchise tender by Monday, source tells ESPN.The two sides still now have until July 15 to work out a long-term deal.

— Adam Schefter (@AdamSchefter) June 21, 2020

After signing the tender, the Cowboys and Prescott will have until July 15th to agree to a long term deal, with Prescott seeking to become one of the highest paid quarterbacks in the NFL. Prescott will also be obligated to show up to training camp and be required to play in the upcoming 2020-21 season. 

Prescott's most recent offer, per 105.3 The Fan's Mike Fisher, was upwards of $35 million per year for five years, and more than $106 million guaranteed, and is still on the table. 

By signing the franchise tag, Prescott will now be the highest-paid Cowboy ever for a single season, while the on the table extension would make him one of the highest-paid players in the history of the NFL.