What is slightly surprising, however, is that he's been saddled with the non-exclusive tag, meaning other NFL teams can sign Graham if they're willing to give up two first round draft picks. The Saints would still have an opportunity to match the offer.
Chris Mortensen tweeted the news not long ago.
Saints slapped @TheJimmyGraham w NON-exclusive tag, creating more drama. Any team can sign Graham for 2 1st picks or Saints can match— Chris Mortensen (@mortreport) March 1, 2014
At what position and how much Graham will be paid under the tag is still up in the air. The tight end tag is worth $7,035,000 but the wide receiver tag is worth $12,312,000. Of course, now any team can pay Graham whatever the heck they'd want if they're crazy enough to do so.
More than likely, no team will be willing to give up two first round picks and a crap load of money to acquire Graham so he's most likely safe with the Saints. But it is a slick way to shop him around a little bit and see if there are any takers.