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Titans to Tag Albert Haynesworth

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The Tennessean is reporting that the Titans have informed Albert Haynesworth's agent, Chad Speck, that they will franchise him before next week's deadline.  They will continue to work on a long term deal according to Speck:

"I spoke with Mike and we are working on a long term deal for Albert. I don't anticipate that we will be able to get anything done prior to the designation deadline for franchise players on (February) 21st," Speck said. "Mike confirmed to me that he will use the franchise tag on Albert, but is committed to trying to get a deal done by July 15th. I spoke with Albert today and he is encouraged that talks have resumed."
I think we were all expecting this to happen.  Haynesworth should be OK with this as long as he knows the Titans are committed to getting him a deal.