At long last, the Cowboys have a deal done with one of their contract-year cogs. The team has reached an agreement with CeeDee Lamb, ending his holdout.
Dallas is giving Lamb a four-year, $136MM deal, ESPN.com’s Adam Schefter reports. This gives Lamb a $34MM AAV, which puts him between Justin Jefferson and A.J. Brown. The fifth-year Dallas standout is now the NFL’s second-highest-paid wide receiver. Lamb secured $100MM guaranteed on this deal, NFL.com’s Ian Rapoport tweets. This gives him considerable separation from Brown in terms of wideout guarantees.
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This comes after a Monday report indicated the Cowboys had again upped their offer. Making a few proposals over the past several weeks, Dallas had previously come in with a deal worth just less than $33MM per year. Lamb’s camp moved the team to this $34MM-AAV point, doing well to capitalize on the 2020 first-rounder’s monster season and the salary cap’s recent spike. The NFL now has five $30MM-per-year receivers, with the market moving many times after the ceiling did not budge in 2023.
Lamb emerged on the Cowboys’ extension radar last year, but the team followed the Vikings in waiting. Jefferson created a gap between himself and the field with his four-year, $140MM pact, and he set the Lamb market in the process. The Eagles had given Brown a three-year, $96MM deal in April, with Lamb’s 2020 draft classmate topping that by a notable margin. The Cowboys were understandably hesitant to give Lamb a deal that make him the NFL’s highest-paid non-QB, and a report soon indicated the Oklahoma alum was not mandating that. Though, he came awfully close on this deal — one that puts Dallas in a new guarantee sector regarding a non-QB payment.
The Cowboys came into camp with one of the more complex contract quandaries in recent NFL history. Dak Prescott remains unsigned, and Micah Parsons fully expects to become the NFL’s highest-paid non-quarterback when his payday arrives. The Cowboys may well table that to 2025, a prospect Parsons sounded fine with when he addressed the matter earlier this summer. This offseason represented Lamb’s window to cash in, and the Cowboys have their top weapon signed through the 2028 season.
The Cowboys’ previous WR guarantee high-water mark came in at $60MM — Amari Cooper‘s 2020 deal. The Eagles guaranteed Brown $84MM, and the Cowboys have signed off on Lamb bridging the gap to Jefferson’s…