The Dallas Morning News is reporting the Cowboys will trade Jason Ferguson to the Miami Dolphins.
Will update with the details as they come available.
Update [2008-2-29 11:47:32 by Brandon]: Todd Archer gives the details:
The Cowboys and Dolphins will swap sixth-round picks this year and the Cowboys will receive Miami's sixth-rounder in 2009. The order of the picks in the '08 draft will be revealed when the league sets the compensatory picks at the NFL owners' meetings. But the Cowboys will have the first pick in the sixth round based on Miami's 1-15 record last season.
This trade was mainly about freeing up cap space and the Cowboys essentially received two sixth round draft picks. I was hoping for something higher but I am happy with this.