According to Dallas Cowboys owner Jerry Jones, the Cowboys tried to trade back into the first round to select Memphis quarterback Paxton Lynch.
Jerry Jones confirmed Cowboys tried mightily to trade back into 1st round for Paxton Lynch: "Give Denver credit. I thought we had it done."— Dion Caputi (@nfldraftupdate) April 29, 2016
Ultimately, Denver Broncos General Manager John Elway traded with the Seattle Seahawks for pick 26 so the Broncos could select Paxton Lynch.
The Broncos sent their first round pick, pick 31 and their third round, pick 94 to the Seahawks for their 26th overall pick in the first round. The Cowboys have the 34th overall pick in the second round, so the Seahawks took the higher pick and were still able to select their guy. That guy being former Texas A&M offensive tackle Germain Ifedi.
Lynch was the Broncos target from the starter. Many believed Elway should stand pat and take the "BPA" at 31 instead of "reaching" for a quarterback. Elway told ESPN's Jeff Legwold that the Broncos started calling teams from pick 17 on back to see how interested those teams were in trading back with the Broncos. Finally, the Broncos found a trade partner with the Seahawks and were able to get the guy they were targeting from the start.
[@PaxtonLynch] was our guy. We were thrilled to get him." - @johnelway— Broncos TV (@BroncosTV) April 29, 2016
Now the Broncos hope they have their answer at quarterback going forward. They kicked the tires on trading for 49ers quarterback Colin Kaepernick, trading for Eagles quarterback Sam Bradford, they tried overpaying for Brock Osweiler, and they brought in Brian Hoyer for a visit.
The Broncos didn't trade or sign any of those guys and as the draft approached it became more and more obvious that Elway and company saw their future quarterback in the draft.
Jerry Jones and the Dallas Cowboys tried to steal Lynch away from the Broncos, but Elway did the one thing he is best at. That is winning. Paxton Lynch is a Bronco, and John Elway got the guy he wanted from the start.