Brent Grimes and the Atlanta Falcons have yet to reach a long term deal, and as the deadline to sign those deals for franchise tendered players approaches, NFL.com reports that no one expects it to happen, even though it would certainly make sense for both parties.
This, from the ESPN NFC South blog:
The mere fact that Grimes signed his franchise tag in the spring is a pretty strong indication that he's prepared to play for the tender this season and hope for a long-term deal down the road. There aren't any strong indications the Falcons and Grimes are talking about quickly working a long-term deal and the Falcons don't have a lot of salary-cap room to work with. But salary-cap room really shouldn't be a factor if Grimes and the Falcons want to work a deal now.
That was a few days ago and there hasn't been a deal yet.