Cam Jordan = Rickey Jackson.....?

And is another team willing to pick up his $12 mil salary next year in a trade? If he's cut, then another team could sign him cheaper.

Correct. A trade is unrealistic (albeit an outside option).

This likely just comes down to is Cam willing to retire or how bad does he want to force the team's hand. They could essentially tell him he would be on the roster, but inactive or extremely limited.

But again, who knows? We'll see.