While Drew Brees' ongoing battle for a long term deal with the New Orleans Saints has taken up most of the franchise tag talk around the league, the Atlanta Falcons and corner Brent Grimes don't seem to be anywhere closer to a long term deal after the franchise tagged the free-agent-to-be following the 2011 season.
The AJC breaks down the situation, which in the lull of the offseason doesn't seem to be moving all that fast, mainly because the Falcons are about to hit the cap limit with just under $3 million left.
...the Falcons are too tight up against the cap right now to do a major deal right now. Because of that, it’s reasonable to conclude that they want Grimes to play under the tender and they’ll revisit extension talks during the upcoming season.
Thomas Dimitroff has engineered in-season deals before, but it's likelier that Grimes will have to play out his one-year deal under the franchise tag.