Overview
- Multiple outlets report Dallas plans to use the wide receiver franchise tag on Pickens for roughly $28 million guaranteed, with the application window running Feb. 17–March 3.
- NFL Network reports a tag-and-trade is being considered, meaning Pickens could be moved even if tagged, depending on Dallas’ long-term contract outlook.
- Under league rules, a tagged player and team have until July 15 to reach a multi-year deal, and a non-exclusive tag would allow offer sheets with two first-round picks as compensation if unmatched.
- Owner Jerry Jones has publicly pushed to keep Pickens “a long time,” and there is reported mutual interest in an extension after formal talks had yet to be finalized.
- Pickens is coming off a breakout 2025 season with 93 receptions, 1,429 yards and nine touchdowns after a trade from Pittsburgh, placing his market value in the $30 million-per-year range as Dallas manages sizable commitments to Dak Prescott and CeeDee Lamb.