The NFL Network’s Jason La Canfora reports that a source close to the Rams has informed him that they will not be using their franchise tag on free agent WR Brandon Lloyd in the coming weeks. Lloyd joined Pro Football Talk Live this afternoon and mentioned that he was open to the idea but that doesn’t appear to be part of the team’s plan. Lloyd also mentioned that he would like to stay with the team and mentioned that contract negotiations could begin at some point during the week. The Rams acquired Lloyd from Broncos for a conditional draft pick that turned into a fifth-round selection after he caught 30 passes with the Rams. Reports over the weekend suggested that the Broncos decision to trade Lloyd had more to do with their concern that he would become a distraction as the team adjusted to a run-heavy offense after benching Kyle Orton in favor of Tim Tebow. Source: NFL Trade Rumors
