Dallas Cowboys vice president and CEO Stephen Jones says the team is committed to quarterback Dak Prescott long term and open to extending his contract, according to Dallas Morning News’ Calvin Watkins.

Prescott is signed through 2024, with void years in 2025 and 2026. The 29-year-old is currently eighth in average annual value among quarterbacks at $40 million per year, according to Spotrac.

Extending him could provide some cap relief for the team. Dallas currently projects to be approximately $9.8 million over the cap entering the offseason, per Spotrac.

The Cowboys have gone 61-36 with Prescott as their starter, but the team hasn’t advanced beyond the divisional round with him at the helm. That trend continued this season with a 19-12 divisional-round loss to the San Francisco 49ers.

Prescott threw for 2,860 yards, 23 touchdowns, and a league-high 15 interceptions in 12 games this year.

The Cowboys and former offensive coordinator Kellen Moore agreed to part ways in late January. Owner Jerry Jones confirmed Wednesday that head coach Mike McCarthy will be running the offense next season, according to Watkins.

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