Dak Prescott has turned down an offer from the Dallas Cowboys worth approximately $30 million per year, according to Michael Lombardi of The Athletic and Jane Slater of NFL.com.

Prescott is seeking a deal closer to $40 million per season, which would reset the market for quarterbacks. Mike Florio of ProFootballTalk, however, reports the notion that Prescott is seeking $40 million per year is categorically false.

The Cowboys are also negotiating long-term deals for Ezekiel Elliott and Amari Cooper.