By Michael Bennett

The dreaded Cowboys are in negotiations with quarterback Dak Prescott over a new contract.

The two sides nearly agreed to a $33 million contract until he raised his price tag, according to the Fort Worth Star-Telegram:

The two sides came close to deal in September on a contract that would have paid him roughly $33 million annually, sources said, before talks broke down when Prescott upped his asking price.

“I don’t want to get into the details, but we have offered him significant money,” owner Jerry Jones said. “The money we have offered Dak no matter how you look at it would put him as a top five quarterback in the NFL. That is the way we feel about him. He is one of the best.”

Prescott is looking for a deal that would potentially top Seattle Seahawks quarterback Russell Wilson as the league’s highest-paid player at $35 million annually. Meanwhile, Kansas City Chiefs quarterback Patrick Mahomes is prepared to reset the market by eyeing a deal that would pay him at least $40 million per year.

Prescott has provided the Cowboys with plenty of bang for their buck as a former fourth-round pick. The two-time Pro Bowler has emerged into a bonafide franchise quarterback and is hoping to finally be paid as such.

Teams are allowed to start placing franchise tags on Feb. 25 before kicking off their offseason program in early April. Dallas will need to do what they can to come to terms before a holdout from Prescott becomes inevitable.