NFL Trade Verdict

Buffalo traded three selections, including its 2005…

Buffalo traded three selections, including its 2005 first-rounder, to Dallas for the No. 22 pick in 2004 and drafted quarterback J.P. Losman. Losman started 33 games over five Bills seasons but never stabilized the position. The price became Julius Jones, Sean Ryan and Marcus Spears, giving Dallas a starting running back, a useful tight end and a long-term defensive starter.

Buffalo Bills Received

  • pick 2004 1st round pick (22nd overall, J.P. Losman)

Dallas Cowboys Received

  • pick 2004 2nd round pick (43rd overall, Julius Jones), 2004 5th round pick (144th overall, Sean Ryan) and 2005 1st round pick (20th overall, Marcus Spears)

Trade Analysis

Buffalo's motivation was easy to understand. Drew Bledsoe was entering the later stage of his career, and the Bills wanted a quarterback they could develop without waiting another year. They moved back into the first round at No. 22 and selected J.P. Losman, paying Dallas a second-round pick, a fifth-round pick and their 2005 first-rounder. For a franchise chasing a long-term answer at quarterback, that type of aggressive move can be justified if the player hits. Losman never hit strongly enough. He showed flashes, most notably in 2006 when he started all 16 games and posted a passer rating above 84, but inconsistency and injuries prevented him from becoming a durable franchise starter. He made 33 starts for Buffalo across five seasons, and the club was still searching for answers when his tenure ended. Dallas converted the package into several tangible contributors. Julius Jones arrived at No. 43 and immediately became a starting running back, rushing for 819 yards in only eight rookie games and surpassing 1,000 yards in 2006. Sean Ryan was a depth tight end. The largest value came a year later, when Buffalo's first-rounder landed at No. 20 and Dallas selected Marcus Spears. Spears spent eight seasons with the Cowboys, started 89 games and became a durable piece of the defensive front. The trade is a reminder that future first-round picks are expensive currency when the quarterback target is uncertain. Buffalo did obtain multiple seasons of starting play, so the move was not empty, but the Bills paid for a franchise-level outcome and received a transitional starter. Dallas accepted patience and was rewarded with a starting running back plus a long-term defensive lineman. The Cowboys' side produced greater cumulative value and much better roster depth.

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