Cowboys draft picks: A look at Dallas’ full 2026-27 draft capital after Micah Parsons trade with Packers

For the first time in a long while, the Cowboys may have their eyes set on the future, rather than immediate contention.

Competing for a 2025 playoff spot in the NFC isn’t completely out of question, but Thursday’s blockbuster trade that sent Micah Parsons to Green Bay certainly set Jerry Jones’ squad up better for 2026 or 2027 than the upcoming campaign. With a defense that now lacks a star pass rusher following Parsons’ departure, plus a recent history of struggles with their run game, the Cowboys may have a path to 2025 playoff berth but not a Super Bowl-level ceiling.

However, Jones also acquired two first-round picks in Thursday’s deal. With the high value placed on top draft selections in the NFL, Dallas will have an opportunity to either draft four first-round players over the next two years or use those picks to acquire another star. Either way, dealing Parsons has left the franchise with a newfound flexibility it hasn’t had in some time. 

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Here’s a full breakdown of the Cowboys’ draft capital following the Micah Parsons trade.

MORE MICAH PARSONS TRADE:

Dallas Cowboys future draft picks

Here’s a breakdown of the picks Dallas owns over the next three years, according to information from Pro Sports Transactions:

2026

*Unconfirmed if conditional pick is Chiefs, Cowboys, or Giants’ pick

2027

2028

For the most part, Dallas controls its own draft capital over the next few years. The only picks they owe other squads are their 2026 third-rounder (traded to Steelers in Pickens deal), 2026 sixth-rounder (traded to Giants in Jordan Phillips deal), 2026 seventh-rounder (traded to Bills in Kaiir Elam deal), and their 2027 fifth-rounder (traded to Steelers in Pickens deal).

There will be clarity later on the Cowboys’ 2026 seventh-round pick, as a flurry of trades with few details has resulted in an unconfirmed who-owes-who swap of seventh-rounders between Kansas City, Dallas, and New York. Either way, one seventh-rounder shouldn’t take away from the haul of top-tier picks Jones now has following the Parsons deal.

The Cowboys control the Packers’ next two first-round picks, along with their own, providing an opportunity for Dallas to either draft four high-end prospects or use those picks as fuel for further trades. Additionally, the Cowboys own all of their second- and fourth-rounders. 

Over the past 10 years, Dallas has used some of its first-rounders on players like Parsons (2021), CeeDee Lamb (2020), Leighton Vander Esch (2018), and Ezekiel Elliott (2016). Getting the picks right will be critical, but should things work out for Jones and the Cowboys, they have some easy avenues to add young star talent to pair with Dak Prescott, Lamb, and more in future seasons.