What do NFL trade deadline deals mean for future of sinking Cowboys, rebuilding Jets and contending Colts?

What do NFL trade deadline deals mean for future of sinking Cowboys, rebuilding Jets and contending Colts?

On Monday night, Troy Aikman, arguably the most bluntly honest arbiter of the state of the Dallas Cowboys, said what seemingly everyone was thinking. As Dallas defense was getting pummeled by an otherwise anemic Arizona Cardinals offense, the subject turned to what could be done to fix the problems. Earlier that day, Cowboys owner Jerry Jones had told SiriusXMs Stephen A. Smith Show that he already had a yet-to-be-announced trade in the bag.

With the Cowboys trailing 24-10, Aikman rendered his judgement for ESPNs Monday Night Football audience:

He may want to cancel that trade, Aikman said after chuckling. I dont think one player, from what Ive seen tonight, is going to make a difference for this team.

On Tuesday, Jones responded to that dismissal by raising the stakes to two players, liquidating multiple assets for New York Jets All Pro defensive tackle Quinnen Williams and Cincinnati Bengals linebacker Logan Wilson. Among them? In exchange for Williams, a 2027 first-round pick (whichever is higher in the draft order between their own choice and the first-round selection attained from the Green Bay Packers in the Micah Parsons trade); a 2026 second-round pick; and defensive tackle Mazi Smith, whom the Cowboys drafted in the first round of the 2023 draft. In exchange for Wilson, Dallas sent the Bengals a 2026 seventh-round pick.

The Williams deal was the Jets second colossal trade of the day. In the other, they sent their franchise cornerback, Sauce Gardner, to the Indianapolis Colts for first-round picks in 2026 and 2027 and wideout Adonai Mitchell. That pair of deals shifted the landscape for all three teams involved, signaling a total reboot by the Jets that is now officially underway, an all-in move by the Colts and a desperation move by the Cowboys that may have more tangible impact in 2026 than the remainder of this season.

Heres what the moves mean for all three teams:

First, the Wilson deal for a seventh-rounder is low on risk. He can step in and immediately play a role as a linebacker for Dallas and help shore up the run defense. The question is whether hes still capable of being the player who thrived as a tackling machine under former Bengals defensive coordinator Lou Anarumo, or if hes the player whose production declined and effectively led to a benching under current Cincinnati defensive coordinator Al Golden.

The spin here is Wilsons contract. He still has two years and $13.7 million remaining on his deal after this season, but none of that money is guaranteed. If he plays well, Dallas can retain him at those numbers. If hes mediocre through the remainder of this season, Dallas can move on with zero salary cap pain.

Williams, on the other hand, is the bigger picture player who will have a significant impact up front on the defensive line. He should instantly become the Cowboys best defender, and give Dallas a top-end defensive tackle rotation alongside Kenny Clark and Osa Odighizuwa. Thats a trio that can do damage, with Williams having the added ability of rushing the passer from the interior. He also turns 28 in December, which makes him a viable defensive centerpiece through the remainder of a contract that runs through the 2027 season.

His cap outlay in 2026 and 2027 is $47.25 million, which is where the twist comes for Dallas. With Odighizuwa signed through 2028 on a four-year, $80 million deal, trading for Williams now gives Dallas the flexibility of exiting Clarks contract after this season. That, or pushing him to restructure his deal, which calls for a $21.5 million payout in 2026 and a $20 million outlay in 2027. However, none of Clarks salaries are guaranteed after this season. If he wont restructure or Dallas sees it as a wild luxury to have three defensive tackles making more than $20 million per season, the Cowboys can walk away from Clark after 2025. Thats a lot of salary relief to be had between Clark and Wilson starting in 2026 if Dallas wants it.

Of course, thats just the money. There is the matter of the remainder of the 2025 season and whether these moves, along with the expected return of linebacker DeMarvion Overshown, can somehow get the Cowboys defense right enough to reel off at least seven wins in Dallas final eight games. If that happens, Dallas could finish 10-6-1 and have a shot at catching a wild card, assuming the Philadelphia Eagles dont fall apart down the stretch and open up a shot for Dallas to win the NFC East. To do that, Dallas defense is going to have to effectively be reborn with the additions of Williams and Wilson, and the return of Overshown. Somehow, that trio would have to lock down the run game and help engineer a pass rush that would help cover for the secondary, which has been the biggest issue for the Cowboys. If that doesnt happen, and the defense doesnt improve enough to save the job of coordinator Matt Eberflus, Jones will then have options. The primary one being replacing Eberflus and reshaping the defense around Williams and a scheme that fixes problems in the secondary.

As Aikman suggested Monday night, it felt too late to save 2025. Jerry Jones pushed some massive trade chips into the pot anyway. Now well see which is right.

The total rebuild has begun. Thats the obvious takeaway from the Jets dealing their two young defensive stars in Sauce Gardner and Quinnen Williams, while picking up three first-round picks, one second-round pick and a pair of young players in need of a fresh start (defensive tackle Mazi Smith and wideout Adonai Mitchell).

In the near term, the beginning of a tear down is bad news for some in the organization. First and foremost, it now puts head coach Aaron Glenn at the helm of a team that is not just retooling at one or two positions, but also trying to figure out how many remaining players really want to be part of the franchise moving forward. It signals that more viable pieces of the depth chart will depart in free agency, likely including running back Breece Hall and guard Alijah Vera-Tucker. Defensive end Jermaine Johnson could also end up as a trade piece following the season, although the Jets reportedly declined to trade him to the Chicago Bears at the deadline.

There is a bigger picture here, and thats the opportunity to try yet again to get the quarterback position right. While Justin Fields is coming off a nice rebound game in a win over the Cincinnati Bengals, thats unlikely to have changed the mind of team owner Woody Johnson, who has already painted Fields as the center of the teams offensive problems. Fields will have the remainder of the season to try and make his case to be the teams long-term QB answer, and hes at least buoyed by moves the Jets didnt make, namely, trading away Hall or wideout Garrett Wilson. Both of those players will be able to help Fields down the stretch, but hes now going to be tasked with likely having to score more points after his defense lost two cornerstone pieces at the deadline.

The likelier outcome for the Jets is that the team and front office is already in the process of sifting through quarterbacks in the 2026 NFL Draft, in hopes of determining if one of them is worth a top two or three pick. As it stands, the Jets would have the third pick in the draft. But they now also hold the Colts first-round pick in 2026 and are staring at a draft pool that could include as many as five potential first-round quarterbacks.

Its not an absolute the Jets would use their own first-rounder on a quarterback resolution. Instead, they could take the route the New York Giants took in 2025, selecting edge rusher Abdul Carter with the third overall pick, then trading into position to take quarterback Jaxson Dart 25th overall. Almost certainly, the Jets will be using one of those first-round picks on a quarterback, barring another swing on a recycled veteran starter like, say, a rejuvenated Mac Jones.

And the remainder of the draft capital?

Well, the Jets will have three first-round picks and their own second in a 2027 draft class that is expected to offer a bumper crop of talent. That includes a potentially deep group of receivers that would help ramp up the offensive build around a young quarterback.

However the Jets do it, Tuesday marked Day 1 of a rebuild.

At least one of the contending teams was going to take a shot with an all-in move. The unknown was which team would have the guts to go for it and what the swing would look like.

Well, the Colts ended up being the stunner, trading away two first-round picks and wideout Adonai Mitchell for New York Jets cornerback Sauce Gardner. Its a move that throws a significantly talented player into a secondary that was in need of it, while also acquiring a player who can play a big role in solving problem quarterbacks like the Buffalo Bills Josh Allen, Kansas City Chiefs Patrick Mahomes and Los Angeles Chargers Justin Herbert (not to mention the New England Patriots streaking Drake Maye).

One way or another, the Colts had to find another piece to impact passing games. Now they have one in Gardner who is under contract through 2030. As much as this was a play for this seasons sudden Super Bowl window, it sets a long-term defensive cornerstone into place.

Theres also one other implication for the Colts: Theyve dealt away their first-round picks for the next two drafts and have only two QBs signed beyond this season inconsistent project Anthony Richardson (who is on injured reserve for the rest of the season) and rookie Riley Leonard. Dealing the picks strengthens the inclination to get Daniel Jones signed to a long-term extension sooner rather than later. But Jones is also coming off his first significant disaster performance of his Colts tenure, having turned the ball over a whopping five times in Sundays 27-20 loss to the Pittsburgh Steelers. Even with the hot first half of the season, theres still a chance Jones hits a wall down the stretch and reminds everyone why the New York Giants released him last season.

The intrigue here is twofold. First, will the Colts insist on seeing how Jones performs down the stretch, then use the franchise tag as a tool to keep him in place while an extension is worked out? And second, if Jones does fall off significantly and raise doubts, will the Colts still sign him to a modest extension, or try to seek out another recycled option that has rejuvenated their career? With Mac Jones playing some of the best football of his career with the San Francisco 49ers right now, he will almost certainly be a player who offers flexibility for teams that want options next offseason.

Its worth noting that like this seasons Colts, the 2024 Steelers also started the season 7-2 and thought they might have found a quarterback to move forward with. Instead, they finished 10-7, lost in the first round of the playoffs, and let both Russell Wilson and Justin Fields walk in free agency. Theres no guarantee the remainder of 2025 wont unfold the same way for Indianapolis.

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