The Titans have put their cards on the table. They have a standing offer out to the Saints for wide receiver Brandin Cooks, a source tells Adam Schefter of ESPN.com (on Twitter). 
Tennessee has been working to land Cooks for the past week or so. The Eagles dropped out of the Cooks chase – and we can say that with certainty now that they’ve signed Alshon Jeffery and Torrey Smith – but the Patriots are still very much in pursuit. It’s not yet known what the Titans have offered to the Saints, but it may involve first-round compensation. The Titans own the No. 5 overall selection as well as the No. 18 overall pick. One scenario floated recently involved the Titans swapping their No. 5 pick for the Saints’ No. 11 pick.
The Patriots, meanwhile, are reportedly considering a trade that would involve cornerback Malcolm Butler going to New Orleans in exchange for the superstar wide receiver.
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My guess is the Titans second 1st round pick (#18 pick) for Cooks straight up.
that seems like the most reasonable might involve another late pick going one way or another
Maybe the Saints want them to include more since the 1st rounder isn’t high enough for them, but the Titans are balking?
Cooks for Butler isn’t a good trade. Other receivers had burned Butler countless times last season.
However hes still a top 10 corner and the Saints are desperate for Corner help
And it’s harder to get a corner instead of a reciever
I see that working in theory, but I can also see both getting hung up on additional draft compensation and moving on. Each team probably wants something like a 4th rounder swapped for a 6th rounder.
But yet Cooks isnt even the best WR on the team…
Butler for Cooks seems fair doubt the Titans can offer better, isnt Cooks under contract this season and have a 5th year option?
Yes and yes. Butler is a RFA who will need to get paid, which is why New Orleans is asking for a little more.
If the 18th is on the table, and the Saints don’t take it… someone needs to get fired.