The first blockbuster trade of the 2021 NFL draft season has come as the San Francisco 49ers reportedly acquired the No. 3 overall pick from the Miami Dolphins.
The Dolphins didn't hold on to San Francisco's top pick for long. They traded it Friday to the Philadelphia Eagles along with a fourth-rounder (No. 123) and a 2022 first-round pick. Miami receives the sixth overall pick and a fifth-rounder (No. 156) this year.
Schefter added the 49ers will hold on to quarterback Jimmy Garoppolo and "have no plans to trade him."
Garoppolo's status as San Francisco's long-term quarterback has been in question since the 2020 season ended. He threw for 1,096 yards with seven touchdowns and five interceptions, but an ankle injury limited him to six games.
It marked the second time in three years Garoppolo has missed significant time with injuries. He tore his ACL in Week 3 of the 2018 season against the Kansas City Chiefs. The 29-year-old helped lead the 49ers to Super Bowl LIV in 2019 when they won the NFC West with a 13-3 record.
Acquiring the No. 3 pick puts San Francisco squarely in the mix to select one of the top quarterbacks in this year's class.
It's widely expected that Trevor Lawrence will go No. 1 overall to the Jacksonville Jaguars, but at least two of Zach Wilson, Justin Fields, Trey Lance and Mac Jones will still be available when the 49ers go on the clock.
The Dolphins continue to stockpile draft capital. The No. 3 pick this year was part of their return from the Houston Texans in the Laremy Tunsil trade in 2019.
Following Friday's activity, Miami holds picks No. 6 and No. 18 in April's draft. It also has the 49ers' first-round pick in 2022 and two first-round picks in 2023, which it can use to add more high-upside players or as part of trade packages.