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What would the trade cost?
The Dolphins would have to get up to the early half of the second round to have a shot at Ponder.
Not having a second-round pick, and not being able to trade players would make this difficult. The Dolphins would probably have to give up their third-round pick, fifth-round pick and next year's fourth-round pick.
Obviously, this scenario works better as a trade down scenario, but in case the Dolphins want to stay put at 15, this is a way to get up into the second round.
Why they would make the trade?
As discussed previously, the QB position is a need for the Dolphins.
When healthy, Ponder brings athleticism and a pretty good arm to the table. He has also impressed in his workouts and at the Senior Bowl.
If there is no free agency, then the draft is the only chance for the Dolphins to bring in some competition to push incumbent QB Chad Henne.
Why they would not make the trade?
Ponder has major injury concerns.
The Dolphins could also hold onto the picks and possibly bring in a late-round QB (like Ricky Stanzi from Iowa) to add QB depth.
Realistic chance of happening:
Slim chance. The price is steep and the Dolphins have too many other holes to fill to be able to give up that many draft picks. Also, just for sheer superstition, the Dolphins have not had the best of luck finding QBs in the second round (Pat White, Chad Henne).