Cowboys owner Jerry Jones had been keeping a poker face on the situation all summer, but keeping Elliott happy was always a key part of the team's hopes to finally enjoy some more post-season success.
Dallas have won two NFC East titles in three years, and last season they defeated Seattle Seahawks in a promising play-off victory, before losing out to the LA Rams in the Divisional Round.
In fact, since the Cowboys last won the Super Bowl back in 1996 they've not gone beyond that second stage of the NFL play-offs, going 0-6 in Divisional Round clashes since then.
Jones is desperate to claim a sixth Super Bowl title and believes that with Elliott in full flow, alongside quarterback Dak Prescott and wide receiver Amari Cooper, they have the talent to finally make a real run at the Vince Lombardi Trophy.