Eddie probably also knows that even if he does leave the Titans, with his age and declining numbers, he's not likely to get a much better deal than what the Titans are offering now.
Don't expect Larry Allen to be cut either(too many holes there already), but there is much speculation that if Mckenzie is let go by GB that he will be snatched up by the Cowboys. It seems Vinny coming to Dallas is a done deal as well.