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Jerry Jones on Ezekiel Elliott’s huge extension: ‘We’re all overpaid’

The Dallas Cowboys and Ezekiel Elliott finally came to terms on a huge extension following a long and often contentious negotiation that occurred amid the running back’s protracted holdout.

The Cowboys officially announced on Wednesday that the team and Elliott have agreed on a six-year, $90 million extension that includes $50 million guaranteed.

While the dollar amounts being thrown around are mind-boggling, Cowboys owner Jerry Jones made the point on Wednesday morning that when it comes to the NFL — not to mention all professional sports leagues, for that matter — everyone is making a ton of money.

Appearing Wednesday morning on CNBC’s “Squawk on the Street,” Jones weighed in on the monster extension.

“Anybody, when you’re talking about that kind of money, we’re all overpaid … For what he has done, how he’s worked, how he’s utilized his skills, he’s in the marketplace of where we are in pro sports and pro football,” Jones said, via CNBC.

Jones, who is notorious for his gift of gab and being no stranger to the clever quip, dropped a great one-liner as well about the entire Elliott situation.

“He’s got a big heart. Now he’s got a thick pocket book too,” Jones said.

While Cowboys fans are undoubtedly thrilled that Elliott is back in the fold only days ahead of the team’s regular-season opener, there will be no shortage of detractors who will question the wisdom of tying up so much money on a running back, given the comparatively shorter shelf life for player at that position.

Jones downplayed such a notion.

“Running backs are short-lived, although we had what I consider to be one of the top five greatest ones in Emmitt Smith, and Emmitt ran the ball for 13 years,” Jones said. “So you don’t have to have a four or five year career to be a running back.”