Here are five general observations from Arthur Arkush about the start of a frenzied free-agent period:
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The Green Bay Packers will sign free-agent tight end Jimmy Graham to a three-year deal, ESPN's Adam Schefter reported.
The New Orleans Saints haven't yet locked up free-agent QB Drew Brees, but they're working behind the scenes to bring back Brees' most dangerous pass catcher from 2011-14 for a second go-around.
Tight ends are surprisingly risky investments in that so few true impact players become available in free agency. The low supply tends to raise the price beyond where demand would otherwise set the bar.