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Cowboys’ Latest Moves Ignite Blockbuster Trade Buzz

Dallas Cowboys
Dec 14, 2025; Arlington, Texas, USA; Dallas Cowboys owner Jerry Jones before a game against the Minnesota Vikings at AT&T Stadium. Mandatory Credit: Kevin Jairaj-Imagn Images

The Dallas Cowboys spent much of the offseason circling Las Vegas pass rusher Maxx Crosby, only to watch a rumored destination evaporate when the Baltimore Ravens nearly completed a trade in March and then walked away.

Crosby returned to the Raiders, and the conversation around a possible midseason move largely went quiet. That changed Thursday, when Dallas reworked three existing contracts and suddenly looked like a team preparing for a bigger swing.

The club converted portions of the deals belonging to defensive tackle Kenny Clark, tight end Jake Ferguson and cornerback DaRon Bland, per ESPN’s Todd Archer. The maneuvers generated about $19 million in additional 2026 cap room. Combined with the space Dallas already possessed, the Cowboys now sit with roughly $33 million available.

The timing was not lost on league observers.

A year earlier, the same franchise used deadline flexibility to add Quinnen Williams from the Jets. The latest restructures give Jerry Jones similar room to operate again if the right player becomes available.

Mike Florio of Pro Football Talk offered a very direct take on the situation.

“With more than $30 million in 2026 cap space now on hand, the Cowboys have plenty of space to absorb a veteran contract (or two) via trade. Coincidentally, or not, Raiders defensive end Maxx Crosby has a 2026 base salary of $30 million. Just saying,” Florio wrote.

Crosby’s production explains why his name keeps resurfacing. The 29-year-old has reached double-digit sacks in three of the past four seasons and recorded at least 50 pressures in each of the last five, according to Pro Football Focus. He remains one of the league’s most reliable edge threats.

Dallas has already tried to rebuild its pass rush after trading Micah Parsons last year. The Cowboys acquired Rashan Gary, signed veteran Von Miller and used early draft capital on Malachi Lawrence and Jaishawn Barham.

Those pieces improve the unit, yet the group still lacks a true centerpiece after Jadeveon Clowney and Osa Odighizuwa left. Crosby would change that overnight.

The price would be steep. Reports indicated the Ravens were prepared to send two first-round picks in March, and Las Vegas would almost certainly demand comparable compensation now.

Whether Jones is willing to surrender that kind of draft capital is the unresolved question.

For the moment, the cap space exists, the rumor mill is active again, and Crosby’s contract happens to fit the newly created window almost exactly.

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