The Dallas Cowboys and franchise quarterback Dak Prescott have agreed to a restructured contract that will free up $36 million in cap space ahead of the start of free agency on March 12, according to a report from Jon Machota of The Athletic.

Prescott signed a four-year, $240 million contract last offseason that included $231 million guaranteed.

There is a potential out in the contract for Prescott and the Cowboys following the 2027 season.

Prescott played in only eight games for the Cowboys last season before having surgery to repair a torn hamstring.

Prior to the injury, he completed 64.7% of his passes for 1,978 yards and 11 touchdowns to eight interceptions.