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Cowboys Reportedly Make A Decision On QB Dak Prescott

Dak Prescott under center for the Dallas Cowboys.

ARLINGTON, TEXAS - JANUARY 05: Dak Prescott #4 of the Dallas Cowboys during the Wild Card Round against the Seattle Seahawks at AT&T Stadium on January 05, 2019 in Arlington, Texas. (Photo by Ronald Martinez/Getty Images)

Dallas Cowboys quarterback Dak Prescott will not be hitting the open market.

Prescott, 26, was set to enter free agency this year. The Cowboys quarterback is seeking a longterm contract extension in Dallas.

The two sides have yet to agree on a longterm contract, but the Cowboys have made an initial decision on Prescott. He's been placed under the franchise tag.

ESPN NFL insider Adam Schefter reports that the Cowboys have placed the exclusive franchise tag on Prescott. This guarantees his return to Dallas for 2020. No other NFL team is allowed to negotiate with Prescott.

This means that wide receiver Amari Cooper will hit the open market. However, the Cowboys are interested in re-signing the former first round NFL Draft pick.

Cooper is expected to garner major interest on the free agency market. He's coming off two highly productive seasons in Dallas.

Prescott, meanwhile, will still look for a longterm extension with the Cowboys. He's likely seeking a deal worth $35 million-plus a season.