Do we franchise tag Nicks in this off season?

Let me insert some facts into this thread. First, the franchise tag amount isn't calculated the way it has been in the past. Its no longer the average of the top 5 contracts at a position in a given year, but the average of the top contracts at that position over the past 5 years. That lowers the amount Nicks will get when he's franchised. Yes, I said when. Brees is NOT going to test the market. He's not leaving and won't be franchised.

What is the date Drew has to sign for to eliminate the need for a temporary tag?