This is why I wait and not trade him right now. You try to keep him - if you can't, you take the compensation.
I'm interested in keeping Landry. It's hard to find good players. Not all good players mesh well with your team, city, coaches and systems, despite how good they may look on paper. When you have a player who plays well for you, you keep him. Only in those rare occasions when you can get a great player, or you have no other choice, do you let them go. So me, I'm interested in re-signing Landry. Hopefully he and his agent don't think he should be getting crazy money like an outside #1 WR Julio Jones type.
But, if we were going to trade Landry, I would have thought that it would have been this year before the draft. He would have had time left and we would have been able to draft a replacement, or at least find one in Free Agency. Yes, I know that whomever we find would not be as good as Landry this year. But, we didn't, so unless we suddenly figured out that he will be too expensive to sign, it makes no sense to float him as trade bait now when teams have their key roster spots (and salary cap) mostly settled.
At this point we keep negotiating until we sign him, or we anticipate him leaving and us getting a compensatory 4th or 3rd, probably/hopefully a 3rd. Not ideal. But, it may be the best alternative we have if we cannot sign him. Now, let's try to get him signed.