Cowboys Tag George Pickens
The Dallas Cowboys placed the nonexclusive franchise tag on wide receiver George Pickens, signaling their intent to retain the star pass-catcher while allowing for potential trade talks or long-term negotiations. The NFL also set the 2026 salary cap at $301.2 million per team—a new record.
The non-exclusive franchise tag guarantees George Pickens a one-year salary of $27.298 million for the 2026 season if he signs the tender. This figure is calculated based on the average of the top five wide receiver salaries over the last five years, adjusted for the new salary cap. Pickens' market value soared after a career year in 2025, his first with Dallas after a trade from Pittsburgh. He amassed 93 receptions for 1,429 yards and nine touchdowns, earning second-team All-Pro honors and solidifying himself as a premier deep threat. Because the tag is non-exclusive, Pickens can negotiate with other NFL teams. Should he sign an offer sheet with another franchise, the Cowboys have the right to match the offer or receive two first-round draft picks as compensation if they decline. The $27.3 million cap hit for Pickens is significant for a Cowboys team currently projected to be over the 2026 salary cap limit. His salary will be the fourth-highest on the team, behind quarterback Dak Prescott, fellow receiver CeeDee Lamb, and guard Tyler Smith. This move keeps together one of the league's most dangerous receiving duos. Lamb is currently in the second year of a four-year, $136 million contract, making the Cowboys' investment in their top two wideouts substantial. The July 15 deadline is the next key date to watch. The Cowboys and Pickens have until then to negotiate a long-term contract extension. If no deal is reached, he can either play the 2026 season on the one-year tag or potentially be traded to another team.
