Davis was suspended for the last four games of the season due to a violation of the league's drug policy. It's believed that one more violation could lead to a year long suspension. Up until the suspension, Davis was among the Redskins leading receivers with 59 receptions for 796 yards and three touchdowns.
We've all been expecting it for a while now, but it sounds as though it's official.
The franchise tag for tight ends this season is expected to be about $5.5 million.
Update: To provide more validity to the story, John Keim just confirmed via his twitter: