Brett Favre started this problem by retiring/not retiring a couple times this offseason, but ever since he said he was going to return, GM Ted Thompson has dropped the ball. He was hoping to drag this out until Favre would change his mind, but Favre is ready to report for camp.
“It’s pretty clear – and this is what I told the commissioner – that they want me to go away, stay retired. They would much rather see me in a Packers uniform, paying me $12 million to be a backup – which you know they really don’t want – rather than see me in another uniform, no matter what they say. They’ll drag this out, ask a king’s ransom (for a trade), hoping it all goes away.”
Thompson had been talking about what was best for the team, which apparently was to make sure Favre didn't play for the Packers or anybody on the Packers' 2008 schedule, but he should have seen this coming for the last month and either make arrangements to bring him back or release him, which is what the team has historically done in a situation like this. He could probably find some team willing to offer a low pick in return, but obviously his trade value is shot since the Packers are forced to make him go away quickly.
Peter King has his take on it. Basically something is going to happen by Wednesday. Favre will either be traded or "welcomed" to training camp (it seems unlikely Thompson would release him). Unfortunately if history is any guide, the Packers will probably bring Favre back as a $12 million backup and hope to shame him into retirement like the Packers did with Hall of Fame LB Ray Nitschke when they benched him in the early 1970s in favor of LB Jim Carter. King has his own, one-of-a-kind solution to the problem:
Favre gives the Packers a list of 12 teams outside the NFC North he'd accept a trade to. I'm talking the best teams, like Indy or New England. And if any of those teams suffered a quarterback injury or replaced a quarterback because of performance, Thompson would agree to make a deal with that team based on a sliding scale of compensation depending on when the trade would be made. If a primo team had an injury to its quarterback in Week 4 and could get Favre for a fourth-round pick that could turn into a three or two, they'd jump at it.