From profootballtalk.com:
T.O.-FOR-PORTER TRADE RUMORS "LUDICROUS"
There are rampant rumors among NFL fans and media that the Philadelphia Eagle might send disgruntled wideout Terrell Owens to the Raiders for Jerry Porter.
One league insider termed these rumors "ludicrous." As the source said, "Anyone who knows anything about football knows that this deal will not happen. There's a better chance of the Eagles giving Owens a new contract, and the chances of that happening are zero."
The biggest impediment to such a deal is that the Raiders paid a $7 million signing bonus to Porter earlier this year. With the bonus spread over only five years per the CBA, Porter's current cap number is $2.4 million ($1.4 million bonus allocation and $1 million in salary). Trading him would cause the entire bonus to accelerate against the 2005 cap, pushing the total cap hit to $7 million, for a net increase of $4.6 million.
Picking up Owens' salary would chew up another $3.25 million in 2005 cap space, pushing the total cap cost of the deal to $7.95 million.
On top of that, Owens wants a new contract.
Also, it's important not to underestimate the reality that the Raiders recently handed one of those oversized PGA tour checks in the amount of $7 million to Porter. As Saints owner Tom Benson would attest, those are "real dollars." It's hard for any team to justify giving a guy $7 million -- and then sending him on his way.
If, after all, Al Davis had a set of vampire dentures in his pocket for T.O., Davis could have jumped into the bidding a year ago, when Owens was a quasi-free agent.
Besides, trading T.O. would be an implicit admission by the Eagles that Owens won the high-stakes stare down over the current value of his contract. Even if there would be a chance (and there ain't) of moving Owens to get a guy like Porter, the Eagles aren't going to do anything that would imply that the flinched.