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Titans expected to franchise tag safety Michael Griffin

Jacksonville Jaguars v Tennessee Titans

NASHVILLE, TN - DECEMBER 24: Michael Griffin #33 of the Tennessee Titans reacts after intercepting a pass in the end zone against the Jacksonville Jaguars during play at LP Field on December 24, 2011 in Nashville, Tennessee. The Titans won 23-17. (Photo by Grant Halverson/Getty Images)

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Conflicting reports surfaced late this week regarding the Titans’ 2012 franchise tag. NFL Network’s Jason La Canfora said the team would “likely” assign it to free agent cornerback Cortland Finnegan. ESPN’s Adam Schefter insisted that wasn’t happening.

If Schefter’s latest report is true, Finnegan definitely won’t be tagged.

Citing a league source, Schefter reports that the Titans will “likely” place the franchise tag on free agent safety Michael Griffin.

Whereas Finnegan’s cornerback tag would have cost Tennessee in excess of $10 million, the value of the safety tag is a much more reasonable $6.2 million. NFL teams can’t use two franchise tags in the same year, of course.

It looks like Griffin is headed back to Nashville, and Finnegan to the open market.