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That is correct, but th4ere is one more thing that no one is talking about. From the moment he is franchised until he is traded or the tag is rescinded, our cap is dropped by over $14 million dollars. We cannot use that money to sign free agents or extend current players. Franchising Cassel will almost certainly take us out of the free agent market until very close to or the day of the draft.
This is if all goes well. If things do not go well and Cassel's agent senses for a millisecond that Cassel will get less than a $14 mil signing bonus, Cassel will sign the franchise tag to protect himself.
It's been talked about in several earlier threads space. The franchise tags go on two weeks before the start of FA. Not to mention the Patriots project with roughly $24M in cap space for 2009. First year cap hits for FA or extensions are generally pretty favorable and less than their deal average, sometimes by half And whose to say there is a big ticket FA Belioli is even contemplating persuing. I think we'd be fine. In a tag and trade Cassel is gone well before the draft, particularly in a year when the QB draft cupboard is considered relatively bare.
If things do not go well and Cassel's current bosses sense for a millisecond that Cassel will get less than a $14M signing bonus, they will not tag him... Just as if things do go well and they sense he will get substantially than a $14M signing bonus he and his agent will also sense that and sign the tag over somebody's dead body.