Trade talks over Vincent Jackson are dead between the San Diego Chargers and an unnamed team after agents for the holdout wide receiver agreed on terms for a new contract with the unnamed team, a league source told ESPN.com.
The agents for Pro Bowler Jackson and the unnamed team agreed to terms on a contract Saturday after the team was given permission by San Diego to talk to Jackson, according to the source.
Talks ended after the Chargers and the unnamed team reached an impasse over trade compensation, according to the source. The exact compensation package San Diego is seeking is unknown, but the team does believe Jackson is a valuable player, so it's no surprise they want a lot in return for him.
San Diego's trade demands could decrease as Jackson's holdout continues or the Chargers' could let him sit out the season. Jackson has said he is prepared to sit out the entire season.
Jackson held out all of training camp and the preseason, seeking a five-year contract worth $50 million, with $30 million guaranteed, sources told ESPN.com senior writer John Clayton. San Diego is balking at giving him a new deal.
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