NFL Trade Rumors: Bills, Ravens nearly moved for Trey Lance before Cowboys' surprise trade 

Was Trey Lance traded to the Cowboys last night or was it all a fever dream?

It certainly appears that Jerry Jones decided to buy low on the San Francisco 49ers quarterback last night after Lance was demoted to QB3 by the franchise.

After Lance made it clear he wanted a trade away, the Cowboys decided to fork up a fourth-round pick to bring Trey Lance to Dallas.

However, it appears the Buffalo Bills were also finalists in the Trey Lance sweepstakes.

Per The Athletic's NFL insider Diana Russini, both the Bills and the Ravens enquired about trading for Lance.

The number two quarterback on the Bills' depth chart at the moment is Kyle Allen. Matt Barkley, 32, is currently QB3.

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Why did the 49ers trade Trey Lance to the Cowboys?

In essence, 49ers GM John Lynch and head coach Kyle Shanahan took a big swing and missed... spectacularly.

"We took a shot and it didn't work out. We own that. We take accountability for it. His story is still very much unwritten. I'm excited for Trey. Dallas stepped up and really wanted him," Lynch said on Thursday.

The Niners famously moved three first-round picks and a third-rounder to move up the board in the 2021 NFL Draft. While there was smoke that Kyle Shanahan would draft Mac Jones third overall out of Alabama, the franchise ultimately brought Lance to town.

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Trey Lance's Cowboys salary: How much will Dallas' new QB be paid?

Per multiple reports, Lance's contract for the year will see him pocket $940,000 for the 2023 NFL season. That figure, however, will rise to $5.3 million in 2024, all of which is guaranteed.

The Cowboys will have the luxury of picking up his fifth-year option for 2025 at the end of this season, should they be enchanted by the former third overall pick.