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– Trey Lance traded from the San Francisco 49ers to the Dallas Cowboys.
– Trade confirmed by CBS Sports Lead NFL Insider Jonathan Jones, just two days after Lance's demotion.
San Francisco acquires a 2024 fourth-round pick for Lance, the No. 3 pick in the 2021 NFL Draft.
– Cowboys receive a 23-year-old quarterback to potentially back up starter Dak Prescott.
Lance's demotion to third-string behind Purdy and Darnold signaled his departure from San Francisco.
Lance started four games in two years with the 49ers, going 2-2 with a 55% completion rate, five touchdowns, and three interceptions.
49ers create salary-cap space for both 2023 and 2024 by trading Lance, who had a fully guaranteed contract.
Historical parallels drawn to a past trade involving the Cowboys and the 49ers, raising curiosity about Lance's future.
Instant trade grades: 49ers receive a B-, praised for finding a trade partner quickly, but criticized for giving up on a high draft pick early.