"The Dallas Cowboys placed the non-exclusive tag on Pickens the wide receiver is free to negotiate with other teams. If he receives an offer then the Cowboys have the right to match it and if they do not the offering team would owe Dallas two first-round picks."
"The franchise tag value is one that is fully guaranteed. This is the way that the tag works. So now that Pickels has officially received it from the Cowboys he counts that much against the 2026 salary cap. It is worth noting the cap grew by about $22M from 2025 so the difference is almost the tag amount."
"The Cowboys can create more cap space for themselves by restructuring their bigger contracts. Dak Prescott and CeeDee Lamb come to mind. Quinnen Williams is a name to watch as well, and so is Kenny Clark."
The Dallas Cowboys applied a non-exclusive franchise tag to wide receiver George Pickens on Friday. The tag value is set at $27,298,000, fully guaranteed and counting against the team's $301.2 million salary cap. The Cowboys and Pickens have until July 15th at 4pm ET to negotiate a long-term contract; otherwise, Pickens must play the 2026 season under the franchise tag. As a non-exclusive tag, Pickens can negotiate with other teams, but any offer requires Dallas to match it or forfeit two first-round picks. The Cowboys can create additional cap space through contract restructures with players like Dak Prescott, CeeDee Lamb, Quinnen Williams, and Kenny Clark, or by negotiating a long-term deal with Pickens to reduce his cap impact.
Read at Blogging The Boys
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