INDIANAPOLIS -- Despite plenty of buzz here about a trade that would sent disgruntled New England wide receiver Terry Glenn to the Green Bay Packers, there remain several hurdles that must be navigated for a deal to be made.

The Packers have offered the Patriots a fourth-round selection in this year's draft, ESPN.com has confirmed, for Glenn, who was suspended on three different occasions by either the team or the league in 2001. But it is currently impractical for the Patriots to deal the six-year veteran because a trade would result in an impact of about $8 million against New England's salary cap.

That total represents the remaining prorated share of an $8.5 million signing bonus that Glenn received two years ago when he signed a pricey contract extension.

New England could gain relief in that area if it prevails in a grievance filed by Glenn, which will be heard Friday morning. The six-year veteran is attempting to recoup the bonus, which was withheld by the Patriots last season.

If the team loses the grievance battle, about the only other way it could avoid the exorbitant hit to its 2002 salary cap would be for Glenn, 27, to drop the issue. He would be willing to do that, but only if he was traded. But therein lies the second major hurdle for both teams.

Glenn wants a new contract from Green Bay and the asking price is said to begin with a signing bonus of $7 million. That would permit Glenn, the Patriots' first-round choice in the 1996 draft, to recapture much of the compensation he forfeited in 2001 because of his suspensions.

However, Glenn's agent, Jim Gould, told the Boston Globe that he hopes Glenn will become a member of another NFL team by Friday.

"I think there'll be several teams interested in Terry by the end of the week," Gould told the Globe.

The Patriots reportedly are talking to Green Bay, Kansas City, Oakland, Carolina, and Cleveland, and there may be other teams interested in Glenn. New England has given Gould permission to speak to any team interested in Glenn.

The Packers, who are rebuilding their receiver corps and covet a player with Glenn's estimable physical talents, have balked at that proposal. Part of the attractiveness of Glenn is his current contract, which calls for very modest base salaries of $675,000 (2002), $1.065 million (2003), $1.45 million (2004), $1.34 million (2005), $1.73 million (2006) and $3.04 million (2007).

Green Bay might be willing to adjust some of those numbers but the Packers, even with their needs, aren't going to be fiscally irresponsible, particularly for a player with Glenn's history. The Packers likely will lose wide receivers Bill Schroeder and Corey Bradford in free agency and are asking Antonio Freeman to restructure his contract or face the possibility of being released.

Len Pasquarelli is a senior writer at ESPN.com. Information from ESPN.com news services was used in this report.