The Free Agency Derby is ON!

The National Football League announced that 448 players are free agents who now can negotiate with all 32 clubs.
There are two types of franchise players. Clubs retain exclusive negotiating rights to an "exclusive" franchise player by committing to a minimum offer of the average of the top five salaries at the player's position as of the end of the restricted free agent signing period on April 20, or a 20 percent increase over his 2006 salary, or the average of the top five salaries at his position as of the end of last season -- whichever of the three is greater. Other clubs cannot negotiate with exclusive franchise players. Dwight Freeney is the only player in this category.

The second type of franchise player is offered a minimum of the average of the top five salaries at his position in the 2006 season, or a 20 percent salary increase, whichever is greater. This type of franchise player may negotiate with other clubs. His original club may match the offer and retain the player, or receive two first-round draft choices as compensation if the original club elects not to match. LB Lance Briggs, K Josh Brown, DT Cory Redding, DE Charles Grant, CB Asante Samuel and DE Justin Smith are non-exclusive franchised players.

I'll keep an eye on the action and report back my impressions, its already been a few hours but nothing has been announced, which is a little surprising, usually there are some deals right at the stroke of midnight....