Minus a long-term contract heading into the 2020 NFL season, the Dallas Cowboys decided to place the exclusive franchise tag on their quarterback – Dak Prescott. The exclusive tag is not used all that often. The Washington Redskins were the last to do so applying the designation to QB Kirk Cousins.
By making the move, a few things are certain. One, Prescott cannot negotiate with any other teams this year. Two, if Dallas and their quarterback cannot come to an agreement on a new contract, the Cowboys will be forced to pay Prescott roughly $33 million for this season. The $33 million comes from the average of the top-5 NFL quarterback salaries, which is what any player designated with the franchise tag is due to earn.