1st round picks aren’t as valuable as you think
There is a misconception that trading a 1st round pick is almost a guaranteed loss for the team losing the pick, but that isn’t really true. In fact, when you look at recent history specifically, there are plenty of examples of deals working out for both teams or for the team trading the pick away.
I broke a lot of that down in this article, and you can go and check that out to see the details of it all but even before Chris Jones became an option, history showed that he is exactly the kind of player you want to trade a 1st round pick for:
"To me, the answer is pretty simple. If a veteran gets put on the block or if there is someone that you are keeping your eye on at EDGE or DT, then you make your move. The wildcard is WR which is so deep in the NFL right now, but the only way you can do that (in my mind) is if you are willing to bench Corey Davis which I don’t think they are. With cap hits coming in 2021 that might force teams to make massive cuts, there are several players that could entice the Titans. Over the last decade, we have really only seen two trades go bad for teams giving up a 1st round pick, so if the Titans think there is even a chance that they can add (and keep) blue-chip talent then they should. You don’t just give away 1st round picks, but they certainly aren’t gold either. The NFL is all about maximizing your assets and it seems like if you have the cap space to pay someone once you make the trade, then more often than not this is a great way to improve a roster."
Now, that is just a breakdown of trading a first round pick. The question now is, what does the market think about Jones and what is his value?