BBAO: Franchise tag for Greg Jennings?

We're Black and Blue All Over:

Good morning from NFC North blog headquarters, where we are positioned to sort through the reams of information, rumors and smokescreens picked up over the past four days at the NFL scouting combine. First up: The possibility of the Green Bay Packers using their franchise tag on receiver Greg Jennings, as first discussed by Ian Rapoport of NFL.com.

The move would cost about $10.3 million and would most likely be for the purpose of trading Jennings for compensation greater than what he would generate in next year's compensatory draft program. The full $10.3 million would count against the Packers' 2013 cap, but the team would have the ability to rescind the tag, set Jennings free and eliminate that cap hit after testing the market.

If the Packers don't have an immediate use for that cap space, I suppose it wouldn't hurt to gauge Jennings' trade value. I'm assuming the Packers have decided against keeping him long term, considering the reported lack of negotiations on a new contract. But it's worth noting that, given the chance to do the same thing last year with quarterback Matt Flynn, the Packers declined.

Regardless, I wouldn't get your hopes up about Jennings' return in 2013. But it's possible that the terms of his departure could be different than what we've assumed. Continuing around the NFC North: