DALLAS, TX -- In a surprising move, the Dallas Cowboys have decided not to exercise the fifth-year option on quarterback Trey Lance, according to a source familiar with the situation. This decision was made following Lance's acquisition from the San Francisco 49ers in August for a 2024 fourth-round pick.

Option Cost and Contract Situation

By declining the fifth-year option, the Cowboys avoid a hefty $22.4 million price tag that would have been fully guaranteed had they chosen to retain Lance for another season. This move aligns with the team's priority of keeping their star quarterback Dak Prescott beyond the 2024 season.

The current contract landscape leaves the Cowboys without a quarterback signed beyond this season. Both Prescott and Cooper Rush are set to become unrestricted free agents in March, leaving the team with uncertainty at the quarterback position.

Lance's Current Deal

As part of his fully guaranteed $34.1 million deal with the 49ers, Trey Lance is set to earn $5.31 million this season. Despite being inactive for every game last year, Lance demonstrated progress during practice, leading the Cowboys to expect his increased involvement in the preseason.

Comparison to Other Quarterbacks

Among the quarterbacks selected in the first round of the 2021 draft, only Trevor Lawrence had his fifth-year option exercised. This decision by the Cowboys reflects the organization's evaluation of Lance's potential and its determination to prioritize Prescott as their long-term solution at quarterback.

Optimism from Owner and General Manager

Owner and general manager Jerry Jones expressed optimism about Lance's abilities, dubbing him a valuable addition to the team's future. Jones drew parallels between Lance and a draft pick for the Cowboys, indicating confidence in the young quarterback's development.

Looking Ahead

The Cowboys' decision not to exercise Trey Lance's fifth-year option has raised questions about the team's quarterback plans beyond the 2024 season. With Dak Prescott's contract situation and Lance's potential, the franchise faces critical decisions regarding their long-term strategy at the position. As the offseason progresses, Dallas will explore various avenues to solidify their quarterback depth while considering the implications of this significant move.

The deadline for teams to exercise the fifth-year option is approaching on Thursday, adding further intrigue to the ongoing quarterback saga in Dallas.