Do we franchise tag Nicks in this off season?

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

The period for Clubs to designate Franchise Players will begin on the twenty-second day preceding the first day of the new League Year and will end at 4:00pm New York time on the eighth day preceding the first day of the new League Year.
That is copied from the new CBA.

From what I can tell the League year starts 32 days after the Super Bowl. According to a tweet I found by LaCanfora the 2012 year starts March 13th.
For anyone wondering, 2012 NFL League Year will begin 4pm, March 13. That's when trades/free agency resumes
That means that the first day the Saints could apply the tag is Feb. 20th and the last day is March 5. I fully believe that if a long term deal isn't signed by the 5th then they will apply the tag to Brees and continue to negotiate a long term deal.