In recent days, the Cowboys have made renewed efforts to hammer out a CeeDee Lamb extension. The latest update on one of the team’s three key extension situations indicates plenty of work is still required. 
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Dallas has reportedly offered a deal worth more than A.J. Brown‘s Eagles pact ($32MM per season) but short of $33MM annually. The top of the receiver market reached $35MM when Justin Jefferson inked a record-breaking Vikings extension this offseason. Jefferson now resides as the league’s top earner for non-quarterbacks, although a Lamb deal may not need to surpass that mark.
Nevertheless, Mike Garafolo of NFL Network notes the AAV of the Cowboys’ best offer to date is one of several issues which need to be worked out (video link). Matters such as cashflow and guarantee structure – in addition to an elevated AAV – remain points of contention where further negotiation will be required for a deal to be in place. An agreement for Lamb may be closer than one for quarterback Dak Prescott, but Garafolo’s report confirms there is still a gap to be bridged between team and player.
One of several wideouts seeking a new or upgraded deal this offseason, Lamb skipped out on OTAs and mandatory minicamp. His decision to remain away from the team during training camp has resulted in mandatory fines accruing, but the 25-year-old is attached to his rookie contract by way of the fifth-year option. As a result, those penalties can be waived by the Cowboys if/when a deal is struck and Lamb reports to the team.
Jefferson’s monster accord features nearly $89MM guaranteed, far more than the second-highest in that regard (Tyreek Hill, $54MM). Lamb will likely fall in between those two figures on his pact, but the Cowboys’ best offer in terms of locked in compensation apparently needs to be upped for an agreement to be possible. Money in the first few years of the pact (especially the signing bonus) is also a critical component for team and player; the size of the signing bonus and the length of the contract are central in determining cap hits.
Managing to keep Lamb, Prescott and edge rusher Micah Parsons in the fold beyond 2024 will be a key challenge for the Cowboys. The terms of a pact for each member of that trio – which, in the latter’s case will likely not be known for another year, in spite of team’s public stance on that front – will dictate Dallas’ cap outlook for the foreseeable future. Getting Lamb in the fold in time for Week 1 remains the expectation, but an agreement may not be as imminent as it previously seemed.