Per Calvin Watkins of the Dallas Morning News, the Cowboys have offered Prescott a monster new contract that includes $105 million guaranteed and a whopping $33 million in terms of annual salary.
While it's still up in the air if these numbers impress No. 4, this should certainly be viewed as progress since previous reports suggested Dallas was considering placing its franchise tag on the 26-year-old signal caller.
The Cowboys have until 4 p.m. ET on March 12 to reach an agreement with either Prescott or wideout Amari Cooper. If not, the team's hands will be tied regarding the futures of the two offensive stars. If the new Collective Bargaining Agreement is ratified, Dallas will only be permitted to use one of the franchise tag or transition tag this offseason.
Dallas has clearly put the ball in Prescott's court. Now, we'll have to wait and see if he decides this latest offer is strong enough for him to sign on the dotted line.