The two sides still are finalizing compensation, but as one source said, “I feel very good about this.”
Sources told ESPN’s Adam Schefter that the Falcons and Titans are discussing whether the package for Jones will be a second- and a fifth-round pick, or a second-round pick with a swap of other picks.
If there are no snags, the trade would be processed as early as Monday.
Titans players Derrick Henry and A.J. Brown have expressed on social media their interest in having Jones as a teammate. Late last month, Brown posted a TikTok video to Jones explaining why the Titans would be the perfect fit for the star receiver.
Julio to Tennessee now! pic.twitter.com/ixZNV7fApB
— AJ Brown (@1kalwaysopen_) May 26, 2021
Jones has been the subject of trade conversation over the past two months as Atlanta tries to remedy its salary-cap situation. On FS1 on May 24, Jones said, “I’m outta there,” when asked about the Falcons in a telephone call with Shannon Sharpe on the network’s “Undisputed” show. It is unclear whether Jones knew the phone call was being televised.
Jones, whose base salary of $15.3 million is fully guaranteed for this season, is scheduled to cost the Falcons $23.05 million against the cap in 2021 and has cap hits of $19.263 million in 2022 and 2023. By moving him after June 1, it offers the Falcons relief against the cap this season because the dead money owed to him would be split between this season and next.
Jones, 32, is the Falcons’ career leader in catches (848) and yards (12,896) and is second to Roddy White in touchdown receptions (63). His 95.5 receiving yards per game is the best per-game average in NFL history, almost 10 full yards better than first-ballot Hall of Famer Calvin Johnson, who is second (86.1).
Jones, though, had one of his worst seasons in 2020, limited to nine games because of injury with 51 catches for 771 yards and three touchdowns. While his 15.1 yards per catch was his highest since 2017 and his catch percentage of 75 percent was the best of his career, his 85.7 yards per game was his lowest since 2012, his second year in the league.
The Falcons do have options to fill in for Jones. Calvin Ridley, whose fifth-year option Atlanta picked up in May, would slide into the No. 1 role and a combination of 2021 first-round pick Kyle Pitts, Russell Gage, Olamide Zaccheaus and sixth-round pick Frank Darby could see bigger roles with Jones elsewhere.
ESPN’s Michael Rothstein contributed to this report.