Just because he’s tagged doesn’t mean he’s available for trade. Using the franchise tag starts a clock and the player, and his agent initially control the timing. Player merely does not sign the tag immediately and he, and his agent, will have to be satisfied with the team he’d be traded to, and the deal. That deal requires negotiation with Pickens’ agent. Otherwise, no deal or trade. For anything.
If Pickens and Mulugheta don’t get what they want, and it’s July 16, the clock stops. Pickens is stuck. Waits to finally sign the tag, likely to the day before the 1st game, shows up, and he’s getting paid $28 million for the season. Guaranteed.
Can’t be financially penalized as you can’t hold out if you’re not under contract. I doubt Pickens gives up any of his 18 game checks. Jerry is not going to live through anything like this. He’s not going to be able to do significant roster building committing $28 million to the cap behind one wide receiver. Which the franchise tag requires. Pickens will be signed. For a lot.