In light of Aaron Rodgers' comments about how retaining the services of James Jones should be "Priority #1" and Jason Wilde's subsequent report that the Packers are indeed talking to Jones about staying with the Packers, I wanted to weigh in on the situation before it becomes entirely irrelevant (which will probably be by the time you read this.)
Ted Thompson will not be swayed by his quarterback's entreaties. He has set a price for Jones and will present it to the wide receivers' camp with words akin to this: We think you're a valuable part of what he have built and are building in Green Bay. We would love it if you would join us for this price. If not, we hope you'll keep us in mind when you hit free agency on Friday.
The Packers simply can not afford to overpay for Jones' services. There are too many priority contracts that will need extending soon, starting with Josh Sitton's sometime this year, not to mention Jermichael Finley and, soon, Clay Matthews. James Jones is a young, emerging talent. But the Packers offense will be fine with Jordy Nelson in Jones' role and with a return to health by Finley. But there's no denying Jones' talent - and the more talent you can put on the field the better.
The endgame here is simple. If James Jones wants to stay with the Packers and be part of what looks to be a promising future - he'll take Ted's offer sometime tomorrow. Otherwise, he will test the free agent waters and most likely find a deal worth quite a bit more than what Ted and the Packers are offering.
Whichever choice Jones makes - the Packers offense will still be a potent force. The only question is if James Jones wants to be a part of it.