With the Tennessee Titans and franchised safety Michael Griffinagreeing to terms on a five-year contract that NFL.com's Ian Rapoport reported is worth a little over $7 million per season, the number of franchised players to have signed a multiyear extension before the July 16 deadline has increased to six. That represents less than one-third of the 21 players to receive the franchise tag this offseason.
Below is an updated look at which players have signed multiyear extensions, which players have signed their franchise tags, and which franchise tags remain unsigned. The "2-YR F/T" figure refers to what it would have cost, or what it will cost, the team to pay the player under the franchise tag in both the 2012 and 2013 seasons.
Signed Multiyear Extensions (6)
*Griffin's contract numbers are estimated values
Signed Franchise Tag (7)
Franchise Tag Unsigned (8)
The value of a potential 2013 franchise tag for Brees will not be determined until after next week's grievance hearing in Philadelphia. The New Orleans Saints are of the opinion that they can use the franchise tag on Brees in 2013 and 2014, which would place the value of his 2013 tender at $19.645 million for a two-year payout of $36.016 million. Brees, his agent Tom Condon and the NFL Players Association believe that, since he was franchised by the San Diego Chargers in 2005, Brees' tender in 2013 should be worth 144 percent of his 2012 number, or $23.574 million, a difference of $3.929 million and a two-year cash payout of $39.945 million.