Valuing Jones vs. Sneed

[Nightfyre]

I think the consensus is that in a vacuum, Jones is clearly worth more than Sneed.

But let's assume you can extend one without use of the franchise tag, and use the tag to trade one.

Scenario 1:
Colts offer you pick 15 for Jones
Sneed extends for 5/80

Scenario 2:
Lions offer you pick 29 for Sneed
Jones extends for 4/130

Which scenario do you feel leaves the Chiefs best suited for the next four years?
Which scenario do you feel eaves the Chiefs best suited for next year?
Which scenario do you go with and why?