The Dallas Cowboys and quarterback Dak Prescott "remain dug in and no further talks are scheduled" regarding a long-term extension, according to NFL Network's Ian Rapoport and Tom Pelissero.
The Cowboys placed the exclusive franchise tag on Prescott in March, which will pay him $31.4 million for the 2020 NFL season. Dallas has until 4 p.m. ET on Wednesday to finalize a new contract before the one-year tender goes into effect.
This article will be updated to provide more information on this story as it becomes available.