The Dolphins and Cardinals are nearing a trade that would send 2018 first-rounder Josh Rosen from the desert to South Beach, per Pro Football Talk (via Twitter). PFT says that the deal, which may be tentatively complete, would see the Dolphins send tonight’s No. 48 overall pick to the Cards.

However, Mike Garafolo of the NFL Network tweets that the No. 48 pick is a little rich for Miami’s blood, so the Fins may ask the Cards to kick in some later-round compensation to balance the scales, and Ian Rapoport of NFL.com (via Adam Beasley of the Miami Herald on Twitter) says that a trade is not close. Albert Breer of TheMMQB agrees with Rapoport, saying that a deal is not done but that the lines of communication are definitely open (Twitter link). The two sides are expected to talk again this afternoon.

Meanwhile, Armando Salguero of the Miami Herald (on Twitter) hears the Dolphins would not give up their No. 48 pick for the QB, which seems to indicate that A. The deal is far from done and B. The Dolphins may be willing to walk if a deal cannot be agreed upon soon.

Initially, the Cardinals asked for a first-round pick, which the Dolphins declined. Miami brass had a third- or fourth-round pick in mind for the 2018 No. 10 overall selection, Josina Anderson of ESPN.com tweets. Talks are expected to resume, but Anderson notes the teams are still fairly far apart.

If the trade is completed, it would end one of the more interesting journeys for a first-round QB in recent memory. Everyone in the league seemed to know that Arizona, which traded up in the first round to select Rosen last year, was willing to deal the UCLA product as soon as Kyler Murray declared for this year’s draft. The Cardinals did the expected and made Murray the No. 1 overall pick last night, and we learned today that Arizona GM Steve Keim began shopping Rosen in earnest only minutes before the draft began, so he may have played this one incorrectly.

On the other hand, recouping a second-round pick for Rosen would still be a decent salvage job, as Rosen and Murray cannot feasibly coexist on the Cardinals’ roster, and since several clubs that could have been Rosen suitors selected collegiate passers last night, Keim does not have a ton of leverage at the moment.

From the Dolphins’ perspective, the rebuilding outfit would get a QB with a first-round pedigree who has some flaws and who is coming off a disappointing rookie campaign, but who has a franchise-caliber arm and size. Plus, as Jason Fitzgerald of OverTheCap.com tweets, the Cardinals have already paid 65% of Rosen’s rookie contract.

In that sense, it’s a low-risk move for the Dolphins with a potentially high reward. If Rosen — who would presumably compete with Ryan Fitzpatrick for the starting job in 2019 — lives up to his draft status, Miami’s rebuild would be accelerated and it could address a different need with its early draft picks in 2020. If he doesn’t, then the Dolphins will not be much worse off than they are now.

Photo courtesy of USA Today Sports Images.