Former NFL quarterback Carson Palmer weighed in on two-time Pro Bowler Dak Prescott's contract situation with the Dallas Cowboys. Speaking on 105.3 The Fan, Palmer said that Prescott should take less money to stay with the Cowboys.

Essentially, Palmer remarked that being the long-term quarterback for America's Team will come with great publicity and huge endorsement deals. Prescott would essentially still end up making as much money as the highest-paid players at the position thanks to this.

Last offseason, Prescott and Dallas could not agree on a long-term contract, so he was hit with the franchise tag worth $31.4 million. The quarterback reportedly turned down a five-year deal worth $35 million per season, with $106 million in guaranteed money, because of a desire to get a four-year deal.

Prescott unfortunately went down early in the 2020 season with a gruesome injury, but he should be good to go for the 2021 campaign. It's unclear how this injury has affected Prescott's decision-making process when it comes to his contract situation. Another franchise tag in 2021 would be around $38 million.

If Dak Prescott wants to stay in Dallas, taking less money would be a big help to the team after the Cowboys scuffled to a 6-10 record in 2020. While Prescott is one of the better quarterbacks in the league, he's not quite at that elite level and is now coming off a major injury. He has also never carried his team on a deep playoff run.

Furthermore, the roster construction in Dallas needs work.

The Cowboys have one of the better offenses in the league when their best offensive linemen are healthy and Ezekiel Elliot is running past defenders. They already have a dynamic wide receiver corps. However, the defense was especially porous this season and got burned by opposing teams regularly. Most of the Cowboys' wins were a result of a shootout. Should Prescott opt for a more team-friendly contract, the front office can use the increased flexibility to patch up other holes on the roster.

Due to the pandemic, the salary cap, which usually increases each year, is set to be significantly lower next season. This complicates matters when it comes to Dak Prescott's contract and building a roster around him. While it's understandable for him to want to angle for as much money as possible, especially after a major injury, he can still do very well for himself and for the team by taking a little less on his next contract.