The Tennessee Titans formally announced Monday that they have assigned the franchise tag to safety Michael Griffin, keeping him off the free agent market.
The cost of the safety tag is roughly $6.2 million.
Free agent cornerback Cortland Finnegan is officially no longer eligible for the franchise tag. Per Jim Wyatt of the Nashville Tennessean, Finnegan will not be re-signed by the Titans and “he’s going to get paid elsewhere.” Chatter at last week’s NFL Scouting Combine suggested the Dallas Cowboys had strong interest in Finnegan.
As for Griffin, he plays a position at which the Titans have much less depth than cornerback. The Titans believe Jason McCourty and Alterraun Verner give them a capable starting tandem. Chris Hawkins and Ryan Mouton will be in-house options to step up at nickel back.
Griffin will return as the starter at free safety, and the team is expected to re-sign free agent Jordan Babineaux to start at strong safety.