Isn't there a factor in here about which team needs Henry more? Let's look at it:
TEN - C Brown - Very good player when he plays, hurt alot, young; rookie backups; team building for the future
JAX - F Taylor - Great player, hurt alot, may be very hurt now, older; rookie (pearman) is more of a 3rd down back; team wants to win now
I see it as JAX really needing Henry more. So Tommy D may be hoping that all the TEN talk, which he is probably encouraging, makes JAX offer a conditional 2nd.
And really, is a conditional 2nd (say 1000 yds rushing in 2005) really that bad of a deal? Especially if you can tailor his contract extension to fit any cap issues?
Here are FBG depth charts:
Titans
RB Chris Brown (inj), Damien Nash (inj), Jarrett Payton, Walter Reyes, Ray Jackson, Joe Smith, Terry Jackson, Charles Anthony, Corey Larkins
FB Troy Fleming (3RB), Robert Douglas
If Brown gets hurt, they have a very unproven cast to back him up.
Jaguars
RB Fred Taylor, LaBrandon Toefield (KR/3RB), Chris Fuamatu- Ma'afala (FB), Alvin Pearman (3RB), David Allen (KR), Rich Alexis, Derrick Wimbush
FB Greg Jones (SD)
If Taylor is hurt, Toefield/Jones/Fu can take turns as the primary RB based on situation or until one emerges. But Toefield looks to be the 3RB anyway, Jones will still handle short-yardage/GL and they added a versatile Pearman for depth.
Looks to me like there is much less disruption to the Jags w/o Taylor than there would be to the Titans w/o Brown, so I think Tenn needs an RB much more than Jax at this point.