The Indianapolis Colts have placed the franchise tag on defensive end Robert Mathis, according to the Indianapolis Star.
The application of the franchise tag in this instance could mean more in terms of buying time than in some instances where the sides are far apart in talks. The report indicated that Mathis and the Colts are working on a long-term agreement and have until July 15 to do so, under the rules of the new collective bargaining agreement.
A report from NFL.com said the two sides had already agreed upon a new contract, but the tag - worth $10.6 million - was applied to Mathis in order to allow time for the Colts and Mathis' agent to finalize the deal.
Terry McCormick covers the Titans for TitanInsider.com
Check out our partners at TiqIQ for the best deals on all games on the 2014 NFL schedule.
JUL 21 Jesse Lawrence
Denver leads the list in the secondary market.
JUL 21 Jeff Fedotin
Alouettes have QB on their negotiation list.
JUL 19 Jesse Lawrence
Do the Super Bowl champs' ticket prices reflect their success?