Per Adam Schefter of ESPN, a deal is expected to make JImmy Graham the highest paid tight end in NFL history. Last year, Graham put up a 86/1215/16 line making him the most dominant TE by far. If a deal doesn't get done he is expected to be franchise-tagged by the Saints. He is currently appealing a ruling by arbitrator Stephen Burbank that labeled him a tight end instead of a wide receiver.
Graham is the best tight end in the NFL and should be paid as such. His lack of injury makes him a better value than Pats Rob Gronkowski. For fantasy purposes, you can feel free to take him as your first round pick.