Dak Prescott has signed a record-breaking four-year, $240 million contract extension with the Dallas Cowboys, making him the highest-paid quarterback in NFL history at an average of $60 million per year. The deal includes $231 million in guaranteed money, surpassing the previous record held by Deshaun Watson. Prescott's performance last season, where he led the league in touchdowns and completion percentage, justified the Cowboys' investment, particularly as his free agency loomed. Meanwhile, Patrick Mahomes remains significantly underpaid relative to Prescott's new deal, with his 10-year, $450 million contract averaging $45 million annually. Prescott's teammates humorously hinted at expecting luxury gifts following the announcement of his contract, showcasing a light-hearted team dynamic. The Cowboys have also recently secured wide receiver CeeDee Lamb with a four-year, $136 million extension, strengthening their roster ahead of the 2024 season.