With teams having to designate their transition and franchise players by Feb. 24, expect a lot of activity on that front in the coming days. Those tags will just about end any chance those players can move since there are so many restrictions tied to them. Most league insiders expect all of the top corners -- in addition to Bailey, that means Oakland's Charles Woodson and Baltimore's Chris McAlister -- to be hit with franchise tags, which will take them off the market. The Raiders weren't expected to tag Woodson, but the Raiders are now telling teams they will. Offensive tackles Orlando Pace (Rams) and Walter Jones (Seattle) will also get franchise tags, which both played under last season when they could not agree to new deals. Other players who could get tagged are 49ers linebacker Julian Peterson (franchise tag), Saints defensive end Darren Howard (transition) and Colts quarterback Peyton Manning, who will count $18 million against the cap if he plays under the franchise tag. There has been some talk that the Colts are considering releasing running back Edgerrin James to save money to help make the Manning tag work if it comes to that. Some say that's just a threat the Colts are putting out to help get the Manning deal done. Their hope is that Manning and the Colts can agree on a new deal before the tag is used. Just in case, the Colts have done a nice job clearing out cap room in case Manning has to take a big chunk. It's not that the Colts don't want to pay Manning. It's just that playing in a stadium that does not generate much premium-seat revenue makes it tough to pay a signing bonus in the $20 million range.
This is pretty big news, hopefully they are just saying this so that Manning will take less money.