George Pickens recently signed his franchise tag, confirming the draft-day revelation that he would be doing so well before mandatory practices commenced. A trade has been floated as a possibility in this case, but the Cowboys have publicly stated their intention of keeping Pickens in the fold for 2026.

When speaking to the media over the weekend, head coach Brian Schottenheimer said (via The Athletic’s Jon Machota) Dallas has not engaged in any conversations with Pickens about a trade. That falls in line with EVP Stephen Jones’ remarks at the draft indicating a swap is not being sought out by the Cowboys. Pickens is in line to collect $27.3MM in 2026 while carrying a cap charge of the same amount.

Affording that figure – not to mention the higher cost of a long-term extension – while retaining fellow receiver CeeDee Lamb will be challenging. That factor has led many to believe a trade could receive consideration on Dallas’ part, especially if Pickens displays frustration with his lack of security beyond 2026. Nevertheless, Schottenheimer said (h/t ESPN’s Todd Archer) he was not surprised to see Pickens sign his one-year tender as early as he did. That move obligates Pickens to attend mandatory minicamp in June along with training camp one month later.

July 15 looms as the deadline for franchise tag recipients to sign a long-term deal. In spite of that, the Cowboys have already made it clear they will not negotiate a multiyear contract with Pickens, who was among the league’s top receivers during his debut Dallas season. The 25-year-old will be in line for a major payday (or a second tag) in 2027 if he manages a strong follow-up campaign, although the possibility still remains for a trade to result in an acquiring team authorizing a new deal sooner.

SportsBoom’s Jason La Canfora writes Pickens is indeed displeased with his situation, something which is common among franchise tag recipients. He adds a trade sending the former Steelers draftee out of Dallas is not “an impossibility by any stretch” with plenty of time remaining before any potential swap could take place. A general manager La Canfora spoke with suggested a young player coupled with draft capital could be enough to change the Cowboys’ stance on Pickens.

Dallas expectedly devoted much of the draft toward the defensive side of the ball, and improvement in that regard will be critical in rebounding from the 2025 season. Pickens remains on track to again play a key offensive role for the Cowboys, although his participation in mandatory offseason work will be something to monitor as the summer unfolds.

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