Arbitrator Stephen Burbank rules that Saints' Jimmy Graham is a tight end for a franchise tag of $7.05M instead of $12.3M WR tag.

While that's a bummer for Graham who will likely look to renegotiate things with the Saints if they want to retain his services, that's good for those NFL teams who have strong pass-catching tight end situations. Let's also hope the loss at the arbitrator's table doesn't affect how Graham plays this season. For fantasy purposes, obviously this helps him retain his tight end eligibility moving forward.ANALYST: Howard Bender