Packers Release Bubba Franks/Name Corey Williams Franchise Player

(AP) The Green Bay Packers designated defensive tackle Corey Williams as their franchise player today, preventing Williams from becoming an unrestricted free agent.

Green Bay also cut veteran tight end Bubba Franks.

As the Packers' franchise player, Williams receives a one-year contract tender offer worth the average of the league's top five defensive tackles in 2007, or $6.363 million.

Williams still is able to sign an offer sheet with another team, but the Packers have the right to match the offer or receive draft picks as compensation from his new team.

The Packers released Franks after eight seasons with Green Bay. He became one of the most productive tight ends in team history, but his production had fallen off in recent years.

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