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Cowboys Franchise‑Tag George Pickens, Pause Long‑Term Extension Talks

The tag guarantees Pickens roughly $27.3 million for 2026, delaying any multiyear commitment and giving Dallas time to reassess his value after one more season.

Overview

  • Dallas confirmed Friday that it placed George Pickens on the 2026 franchise tag and will not negotiate a long-term deal with him before the July 15 extension deadline.
  • Pickens will earn about $27.3 million under the tag and has said he will play for the Cowboys while emphasizing that winning is his priority.
  • Some analysts have speculated a midseason blockbuster trade to a team like the Kansas City Chiefs if Dallas makes Pickens available, but NFL insiders including Ian Rapoport say they do not expect the Cowboys to trade him this year.
  • The Cowboys view second-year receiver Ryan Flournoy as a cost-controlled internal option and must balance Pickens’ price against the existing long-term commitment to CeeDee Lamb.
  • Any team that tries to acquire Pickens would likely need to give up a first-round pick and negotiate a multiyear extension, while Pickens could instead play out the tag and reach unrestricted free agency in 2027.