According to a source, the Bills and Jairus Byrd may be parting ways soon. Byrd is set to become an unrestricted free agent, and the team has until Monday at 4 pm to place the franchise tag on their star safety. I'm told that it's unlikely they'll use the tag and that it's unlikely they'll reach an agreement before that time.
If the deadline passes, Byrd would head to unrestricted free agency, and could begin negotiating on the open market on March 8th. The free agency signing period opens March 11th.
The two sides have had productive discussions, and while things could change, it seems at this point that the two sides will split.