Here is SI.com’s Peter King, who has very good sources with Team Favre (i.e. Favre himself) and very good sources around the league. I trust him.
Here’s what I’m hearing about the potential Favre deal tonight:
• I want to stress that I wouldn’t bet my mortgage on this but it is what I’ve heard reliably. I hear the Jets are offering a solid third-round draft choice that could rise to a first-round draft choice depending on the team’s performance and how well Favre plays.
• I’m told the Bucs positively would not make an offer that lofty. The Packers have suggested a couple of different scenarios involving draft choices with Tampa Bay but I hear that the Packers are not close to doing anything tonight.
• My gut feeling? Brett Favre Held Hostage will reach Thursday or perhaps longer. Tampa Bay general manager Bruce Allen drives a very hard bargain, and I wouldn’t expect the Packers to be able to do business easily with him. I don’t know if Favre or agent Bus Cook has told Green Bay where he prefers to play, but if his choice is Tampa Bay, this could take a while, especially if the Packers are willing to send him to a team they play in Week 4.
I’m not sure what the difference is between a “solid third-round” pick and a regular third round pick, but there are a lot of details to be worked out. I don’t expect the Jets to be a playoff team this year, although there have been bigger surprises. The Jets do have four first-round draft picks on their offensive line and picked up perennial Pro-bowler Alan Faneca from Pittsburgh this off-season. Their defense? Not great. I do think Mangini is a pretty smart coach, however, and their schedule is not tough. (I’ve seen one ranking that puts it as the 7th easiest schedule in the league this year.)