The Jacksonville Jaguars currently hold the No. 7 overall pick in the 2012 NFL Draft. The team has made it publicly known they would like to trade out of that pick and they've even already spoken with a few teams according to the team and some of my own sources. Recently however, Peter King of Sports Illustrated has noted in his weekly MMQB column that there is no interest in the Jaguars pick.
From what I heard over the weekend, the trade market up to seven is comatose, unless Jacksonville's asking price is downright minuscule.
Of course, we're less than four days away from the NFL Draft, so anything at this time is difficult to believe. Frankly this news reeks of someone trying to squash the perceived value of trading up ahead of the Miami Dolphins, but Ryan Tannehill isn't the only player teams might be looking to trade up for. I still believe the Jaguars chances of moving out of the Top 10 are still very good.
As far as compensation, I don't think the Jaguars will be asking for a lot. An extra second or third-round pick, depending on how far they drop down, should do the trick.