That proved to be correct. The Dolphins have announced that they have agreed to a new deal with Grimes.
There’s no word on how long the new deal might run — the Dolphins announced it is a multi-year pact — so we can’t be sure how many years Grimes will be in Miami beyond 2014. Regardless of how long it runs in total, the deal will likely come in with a lower price tag than the $11.834 million that Grimes would have stood to make under the franchise tag. That allows the Dolphins more money to use toward keeping their own free agents, like defensive tackles Paul Soliai and Randy Starks, or looking outside the organization for much-needed help on the offensive line.
Grimes, who turns 31 in July, was the best cornerback in Miami after joining the team as a free agent last season. He had 60 tackles, four interceptions and a touchdown in 16 games, which was all the Dolphins needed to see to know that they couldn’t afford to let him walk.
UPDATE 10:46 a.m. ET: Grimes told Josina Anderson of ESPN that it is a four-year deal.