However, for Galloway to fit into the trade, he would have had to take a salary cut. Galloway is scheduled to make $6.31 million this season, and the Bucs only offered him a $1 million base and a $250,000 bonus. Galloway has balked at taking the paycut.
Instead, Johnson likely will go to Dallas for a second-day 2005 draft choice, perhaps a fifth or sixth-rounder, ESPN.com's John Clayton and ESPN's Ed Werder reports.
If the trade can't be worked out, the Cowboys also could wait until the Bucs release Johnson before April 1, when Johnson is due a $1 million bonus.
"Keyshawn is looking forward to getting back together with his former coach, Bill Parcells," Johnson's agent, Jerome Stanley, told Clayton..
On Tuesday the Bucs positioned themselves to be an active
participant in free agency by releasing five players, including
tight end Ken Dilger and linebacker Dwayne Rudd, to trim the team's
payroll by nearly $3 million.
Receiver Karl Williams, tight end Roland Williams and safety
Than Merrill also were cut. The Bucs created additional room under
the NFL's $80.6 million salary cap by restructuring the contract of
offensive lineman Kerry Jenkins, who had been due a $1 million roster bonus on Monday.
From the beginning, the receiver-for-receiver trade hinged on the Cowboys' restructuring the final four years of Johnson's eight-year, $56 million contract and Galloway and the Bucs re-doing the remaining three years of his seven-year, $42 million deal.
Buccaneers general manager Bruce Allen had said that he would be receptive to a draft pick in return for Johnson if the Bucs couldn't reach an agreement with Galloway.
Cowboys owner Jerry Jones told the Fort Worth Star-Telegram on Tuesday that trading a pick was not part of their discussions. "We need Galloway to get it done," Jones said.
While the speedy Galloway was probably going to be waived because his production hasn't matched his salary, he would have given the Buccaneers the deep threat they have lacked. He did average 19.8 yards for his 34 receptions in Dallas last season.
And Johnson, a former Pro Bowler who was deactivated for the final six games of the season because of his stormy relationship with Jon Gruden, gets a chance to repair his career and image with a coach and staff with which he is familiar.
Johnson had his best years in the NFL with the Jets in 1998 and 1999 when Parcells was his head coach. Last season, Johnson had just 45 catches for 600 yards and three touchdowns.
Coming off a 7-9 finish that left them out of the playoffs for
the first time since 1998, the Bucs are trying to clear as much
money as possible to fill needs this offseason for offensive
linemen, receivers, tight ends and possibly a running back.
Fifteen Buccaneers, including seven-time Pro Bowl defensive
tackle Warren Sapp, became free agents Wednesday.
Information from The Associated Press was used in this report.