I don't see a scenario where the Cowboys will be in position to draft Shedeur. They have the 12th pick in the draft, and the Titans, Browns, Giants, Raiders, and Jets all draft before them and need a QB. Unless the Cowboys trade up to a top 2-3 pick, which is a hard sell with Dak's contract, I don't see it happening.
On a similar note, Deion has talked about coaching his "sons" but considering he openly admitted he ranks his kids and Sheduer has the much higher potential than the habitual 15 yard penalty receiving Shiloh, it's pretty clear he is talking about coaching Shedeur in the NFL.