The tag will guarantee Byrd $6.916 million for the 2013 season once he signs the tender. The Bills had until March 4th at 4 pm to make use of the franchise or transition tag. The sides have until mid-July to work out a multi-year deal. The two sides have talked about a long-term contract and could still come to an agrement on one.
Byrd had 76 tackles, five interceptions and four forced fumbles with the Bills last season. https://twitter.com/AdamSchefter/status/307541512449839106