Cowboys quarterback Dak Prescott is expected to sign his $31.4 million exclusive franchise tender by Monday, according to ESPN's Adam Schefter.
The agreement means the two sides now have until July 15 to work out a long-term deal. Once Prescott officially signs his franchise tender, he will be contractually obligated to report to Cowboys training camp whether or not the two have a long-term agreement in place.
The Cowboys and Prescott have been discussing a possible extension for months on end, according to CowboyMaven's Mike Fisher.
Throughout the offseason, though, the Cowboys have made it clear that Prescott is in their plans for the future.