NFL Rumors: Jimmy Graham may sign offer sheet from team before Monday

Nov 17, 2013; New Orleans, LA, USA; New Orleans Saints tight end Jimmy Graham (80) against the San Francisco 49ers during the second half of a game at Mercedes-Benz Superdome. The Saints defeated the 49ers 23-20. Mandatory Credit: Derick E. Hingle-USA TODAY Sports
Nov 17, 2013; New Orleans, LA, USA; New Orleans Saints tight end Jimmy Graham (80) against the San Francisco 49ers during the second half of a game at Mercedes-Benz Superdome. The Saints defeated the 49ers 23-20. Mandatory Credit: Derick E. Hingle-USA TODAY Sports /
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Nov 17, 2013; New Orleans, LA, USA; New Orleans Saints tight end Jimmy Graham (80) against the San Francisco 49ers during the second half of a game at Mercedes-Benz Superdome. The Saints defeated the 49ers 23-20. Mandatory Credit: Derick E. Hingle-USA TODAY Sports
Nov 17, 2013; New Orleans, LA, USA; New Orleans Saints tight end Jimmy Graham (80) against the San Francisco 49ers during the second half of a game at Mercedes-Benz Superdome. The Saints defeated the 49ers 23-20. Mandatory Credit: Derick E. Hingle-USA TODAY Sports /

The New Orleans Saints are currently tearing up the carpet to see if they can come across any loose change to add to their jar of money being saved to re-sign Jimmy Graham to a long-term deal. After franchise tagging him last week, the Saints haven’t yet heard that Graham has filed grievance against them and there could be a number of reasons for that.

Pro Football Talk’s Mike Florio opined that Graham and the Saints could be hashing out a long-term deal, but he also stated that Graham could be waiting to file grievance over being tagged as a tight end until the offer sheet deadline passes on Monday.

Per Florio:

"First, Graham and his agents may be waiting for a possible offer sheet.  If, as of 4:00 p.m. ET on Tuesday, March 11, another team presents Graham with a multi-year deal that he accepts, it doesn’t matter whether he’s tagged as a tight end or a receiver.  The offer sheet trumps the designation, if/when Graham signs it."

There has been speculated interest but no team has come forth as being even close to a frontrunner in wanting Graham. It’s not that he isn’t desirable, it’s that the two first-round draft pick tender he has via the franchise tag isn’t worth it to most.

Graham threatened to file grievance against the Saints if they tagged him as a tight end — which they did. He hasn’t yet made good on the threat and there must be a reason for that.