It's also possible that a Cowboys trade for #1 overall doesn't include Dak. They could still make the trade for #1 overall, giving up 3 1st round picks in the process, plus more. Then they wait till June 1 and look to trade Dak to an AFC team like the Raiders or Colts in order to soften the dead cap hit and recoup some of their lost draft capital. They would surely get a 1st and 2nd rounder for Dak from 1 of those teams.
For the Titans, it sets us up very well for a rebuild with 2 1st round picks in each of the next 2 years, with the likelihood of those being early picks too. And it gives us ammunition to potentially move up in the 2026 draft for a QB, when the QB class should be much better.