Draft Impact: Wide Receiver Frenzy to Open Free Agency

FOXSports Jay Glazer gives us the first piece of WR breaking news as wide receiver Marques Colston re-signed with the New Orleans Saints ahead of free agency's opening.

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Take 1 name off the list of free agents set to hit the market today. Saints have just agreed to new 5 yr deal w WR Marques Colston

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The Saints don't have a first-round pick, as they dealt it to the Patriots to get RB Mark Ingram in the late first round last year, but this signing will still have a draft impact, as it leaves Vincent Jackson as the only potential long-term No. 1 wide receiver left in the free-agent market.

On Vincent Jackson, we have this from long-time San Diego Chargers beat writer Kevin Acee:

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Told it's not official yet, but certainly seems Tampa & V. Jackson have agreed to get married, which is what he wanted for so long in SD.

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and from NFL.com's Jason LaCanfora:

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Bucs putting the full-court press on Vincent Jackson to the point where some other interested teams turning to alternatives 

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Then we have the Washington Redskins who signed Pierre Garcon (per Garcon himself) and Josh Morgan (per Pro Football Talk)

The draft stock of Oklahoma State WR Justin Blackmon, Notre Dame WR Michael Floyd and Georgia Tech WR Stephen Hill get a boost, as does late-first/second-round level prospects like South Carolina WR Alshon Jeffery and LSU WR Rueben Randle.

As it stands right now, the free-agent WR pool is drying up quickly, and the draft will be the only option left for wide receiver-needy teams. Expect some reaches on the first two days of the draft even though the class is deep.