According to the Nashville Tennessean, the Titans and the player rep for Chris Johnson are working on a contract compromise that would ensure that the star back will report to training camp on time.

Under the terms of the five-year, $12 million contract he signed prior to his rookie season, Johnson has reached escalators in the deal that could pay him up to an additional $2.5 million in salary in 2012. The Titans could turn that money into a signing bonus in 2010, and combine it with his scheduled base salary of $550,000 for this fall.

Players earn escalators by reaching individual and team goals as part of a contract, and, unlike incentives that are paid out at the end of a season, they’re attached to future salaries. While such a move wouldn’t provide a big pay raise like Johnson wants, it would get him some additional funds now, with the hope of getting a long-term deal after next season.

The Titans have already paid Johnson roughly $7 million in guarantees over his first two seasons. He’s scheduled to make base salaries of $800,000 in 2011 and $960,000 in 2012. The Titans have cited the 30 percent rule, a byproduct of the league’s labor issues, as a reason why a lucrative long-term deal isn’t do-able at this time. It restricts big increases in Johnson’s salary from year to year, since they’d have to pay him guaranteed signing bonus in the $40 million range as part of a market rate extension.

Reaching a contract compromise has seemed like the most logical solution from the start. The Titans can’t give Johnson the long-term deal that he covets because of the “30 percent” rule, but considering he’s far and away their best player and highly underpaid, the team needs to do something.

A modest raise in the form of a bonus makes sense now, and then the two sides can come together after the season and work on a long-term extension. This would ensure that Johnson reports to camp on time and that the Titans have their most productive player ready to go for the regular season.