Report: Dak, Cowboys not close to long-term deal as deadline looms

With the July 15 deadline to extend franchise-tagged players approaching, the Dallas Cowboys and Dak Prescott aren't close to reaching a multi-year agreement, Calvin Watkins of the Dallas Morning News reports.

Prescott officially signed his franchise tag on June 22 and would make $31.4 million in 2020 under the one-year tender.

The Cowboys have failed to secure a long-term extension with their starting quarterback since talks began prior to the 2019 campaign.

Prescott turned down multiple offers this offseason. The first would have paid him $33 million per season, and Dallas reportedly later offered to make him the second-highest-paid quarterback by average annual value.

Patrick Mahomes has since signed a blockbuster deal worth $45 million in average annual value, making him the NFL's highest-paid player. Russell Wilson and Ben Roethlisberger enjoy the next two most lucrative contracts among QBs at $35 million and $34 million, respectively, and multiple reports indicate Prescott is angling to be paid in that range.

The 26-year-old is entering his fifth NFL season. He's earned two Pro Bowl berths and has gone 40-24 as a starter.