Overview
- Multiple outlets report Dallas plans to tag the Pro Bowl receiver during the Feb. 17–March 3 window at a projected one-year, fully guaranteed value near $28 million.
- NFL Network reports a tag-and-trade is on the table as the Cowboys sit roughly $29 million over the cap, citing Dallas’ recent willingness to deal stars.
- Both sides are said to be interested in a long-term agreement, but formal extension talks have not begun; the deadline to strike a multi-year deal after a tag is July 15.
- If the non-exclusive tag is used, another team can sign Pickens to an offer sheet that Dallas can match or decline in exchange for two first-round picks.
- Pickens’ 2025 breakout—93 receptions, 1,429 yards and nine touchdowns with Pro Bowl and second-team All-Pro honors—has boosted his market into the $30 million-per-year range, per projections.