"The information about Jacob is incorrect. Incorrect," Kurt Overhardt told Sportsnet's Elliotte Friedman.
Tim Campbell of the Winnipeg Free Press reported Monday that Trouba initially asked for more than $56 million over eight years.
The 21-year-old pending restricted free agent is in the final year of his entry-level deal.
The agents for Byfuglien and Ladd both declined to comment on the report, according to Friedman.
Earlier this month, Friedman reported that Trouba and the Jets decided to table contract discussions until the end of this season, and ESPN's Craig Custance confirmed that through Overhardt on Monday.
Initial asks in contract negotiations are typically higher than the final numbers for obvious reasons. This past summer, Washington Capitals goaltender Braden Holtby originally requested $8 million per season before settling for $6.1 million.
Still, the Jets have about $12.4 million in cap space, according to General Fanager, and more decisions loom.
Forwards Mark Scheifele and Adam Lowry, as well as goaltender Michael Hutchinson, join Trouba as pending restricted free agents, while blue-liner Adam Pardy is a pending UFA along with Byfuglien and Ladd.