Dallas Cowboys quarterback Dak Prescott officially signed his $31.4 million franchise tag on Monday, according to David Helman of DallasCowboys.com.
As Helman noted, Prescott and the Cowboys still have until July 15 to work out a long-term deal. Per Ian Rapoport of NFL Network, the two sides "aren't close" to an agreement on a multi-year contract.
This comes after the Cowboys announced they placed the exclusive franchise tag on the Mississippi State product prior to the March 16 deadline. By using the exclusive tag instead of the non-exclusive one, Dallas agreed to pay him approximately $33 million instead of $28 million and was the only team that could negotiate a long-term contract with him.