Dallas swaps No. 12 plus late picks for premium first-rounder. Video via @adamschefter on X

What happened: The Dallas Cowboys acquired the Miami Dolphins' No. 11 overall pick in the 2026 NFL Draft. In exchange, the Dolphins receive Dallas' No. 12 pick along with their No. 177 and No. 180 selections. The trade was first reported by Adam Schefter amid the first round.

Why it matters: Cowboys jump ahead in a loaded draft class to target a blue-chip talent at a premium position. Dolphins add depth picks to rebuild after a 7-10 finish, bolstering late-round value. Move ripples through draft boards and prop for top prospects.

By the numbers: Draft picks exchanged: - Cowboys receive: No. 11 (value ~1300 pts) - Dolphins receive: No. 12 (1200 pts), No. 177 (11.5 pts), No. 180 (10 pts) Net gain: Cowboys ~100 pts (NFL trade chart) Team records (2025): Dolphins 7-10 (11th pick), Cowboys 8-9 (12th pick)

What to watch: Monitor Cowboys' pick at No. 11 for targets like elite EDGE or WR prospects. Dolphins eye value at No. 12 amid shifting board.

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