As of 2023, Dak Prescott net worth is $70 million. Dak Prescott is an American football quarterback who has made a name for himself in American football. He’s one of the highest-paid professional football players and the best quarterback in the NFL.
Dak’s budding football career and numerous endorsements by renowned brands have contributed to his growing wealth. Here’s more about Dak Prescott’s net worth.
How Does Dak Prescott Make Money?
Dak Prescott has accumulated a lot of wealth throughout his football career. His major break happened in 2021 when he signed a four-year contract worth $160 million with the Dallas Cowboys.
The contract included a signing bonus of $66 million and an annual salary of $40 million. This means Dak Prescott will play for the team for two more years and may extend his contract thereafter.
Before signing with the Dallas Cowboys, Dak Prescott had amassed approximately $131.3 million in earnings while playing as a quarterback for close to seven seasons. A third of the amount was paid in salaries ($39,404,000).
Dak Prescott’s Budding Career
The 29-year-old player began playing football in college where he delivered spectacular performances for the Mississippi State Bulldogs. After graduating, Prescott became a professional football and basketball player.
The Louisiana-born player wanted to join the NFL by the Dallas Cowboys but his initial attempts proved futile. It was only after the fourth round that the Dallas Cowboys management decided to give Prescott a rookie contract. The contract earned him $1 million per year for one year only.
However, his performance during that season was so impressive that the coaches decided to offer Prescott a regular contract before the end of the rookie contract. During the Wild Card game, he made four touchdowns and completed 25 of the 33 passes without interceptions.
Dak also gained 24 yards in seven carries and contributed 30 of the team’s 31 points. The new contract saw his salary bump up to $5 million with a $7 million signing bonus.
Dak was named an All-Star rookie for the team having won the AP NFL Offensive Rookie of the Year and the Pepsi NFL Rookie of the Year. He set several quarterback records for the rookie team and helped the Cowboys lead in the NFC. All these achievements saw Prescott selected for the 2016 Pro Bowl award too.
Before the end of the contract, the Dallas Cowboys awarded him another contract but this time it was a five-year contract with an extension of $200 million.
Prescot has played for the Dallas Cowboys for seven seasons, but it’s during the first five seasons that he earned the most - $36,312,172.
Prescott’s Earnings Over His Career
Prescott’s earnings have grown over the years since the Dallas Cowboys signed him. The one-million-dollar contract saw him earn a base salary of $600,000. In 2018, the Dallas Cowboys approached him for a contract extension which would see him match Jimmy Garoppolo’s $140 million-dollar deal.
However, Dak turned down the deal which would have seen him earn $30 million every year. A few months down the line, Dak suffered a leg injury which appeared to be the end of his career.
He made a comeback in 2021 when he signed his current $160 million contract. The contract would see him earn $40 million per year for three years with a dead cap value of $89,070,000 and a cap hit of $49,130,000.
Dak Prescott has made a substantial income from endorsements too. It’s reported that he has earned approximately $50 million in endorsements from brands like:
- New Era
- Direct TV
- Oikos Triple Zero
- Campbell’s Chunky Soup
- Beats by Dre
- Sleep Number
- Jordan Brand
- Gentleman’s Playbook
How Does Dak Prescott Spend His Money?
Having accumulated so much wealth, the 29-year-old player seems to be putting his wealth in the right places:
In addition to his career and endorsements, Prescott has tried his hand in a number of investments. He’s an investor in Plano, a startup company that focuses on AI-based fitness services.
The company uses robotics and artificial intelligence to help its customers achieve strength training goals. Dak invested $12.5 million in the company along with fellow NFL athletes and Lydia Partners.
Dak Prescott opened a foundation called the Faith Fight Finish Foundation in honor of his mother. His mother had battled colorectal cancer for many years until 2013 when she passed on. Prescott opened the foundation to support other families going through similar situations.
The Louisiana-born football player bought a luxurious $3.3 million-dollar mansion for his family. The mansion sits on a 9,000-square-foot land and is equipped with state-of-art amenities—a game room, a large pool, sports simulating theater, and vast outdoor areas to mention a few.
The master bathroom has a steam shower, a jetted tub, and a private exercise room opening into the backyard. Prescott also owns a Tesla and an Escalade.
Dak Prescott’s Personal Life
Dak is the youngest of his four siblings. He was born in 1993 to Peggy and Nathaniel Prescott. His mom and dad divorced, leaving Peggy to fend for Dak and his siblings. Peggy worked as a manager in a truck shop in Dak’s early years.
He attended Haughton High School where he realized his passion for football. It was then that he joined the Buccaneers. During his senior years, his performance was impeccable having made 39 touchdowns and 159 of 258 passes for 2,860 yards. He also led Houghton High School to be the 2010 District 1-AAAA Champions. The performance helped Prescott bag scholarships from Nicholls State, TCU, Louisiana Tech, Mississippi State, Memphis, to mention a few.
The budding player accepted the offer from Mississippi State. Dak played as a backup player to Tyler Russell and completed 18 of 29 passes in 12 games.
The following year, Prescott played as a backup player, but as a starter. That year, he played 11 games and completed 156 of the 267 passes. In 2014, he became a full-time starter, leading the Bulldogs to the first position, the best in history. It was during this year that Dak broke ten school records and was awarded seven accolades.
He was also named player of the week while playing against Vanderbilt, Texas A&M, UAB among others. It was while he was playing for Mississippi State University that the Dallas Cowboys took notice of Prescott. He had won the Conerly Trophy two seasons in a row (2014 and 2015). The team signed him in 2016 on a rookie contract.
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Written by Allen Lee
Read more posts by Allen Lee