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When lockout ends, NFL faces free agent quandary

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Which should come first, the veteran free agent or the undrafted free agent? Or both at the same time?

That's the question the league will have to consider when the lockout mercifully concludes.

Dan Pompeii of the National Football Post speculates today that UDFA players may have to wait through a period of veteran free agent signings before scoring an NFL contract.

If veterans and UDFA players can sign at the same time, it could lead to a relentless feeding frenzy by teams. As Pompeii reports, the players and agents would prefer a system where UDFA players have to wait.

It wouldn't be a surprise, though, if teams thought differently. Instead of gambling on a few high cost veteran free agents, teams could sign an innumerable amount of inexpensive rookies.

This year's most-prized veteran free agents are cornerbacks Nnamdi Asomugha and Ike Taylor, linebacker Thomas Davis, running backs Darren Sproles, Cedric Benson and Cadillac Williams, fullback Vonta Leach, wide receiver Vincent Jackson, quarterback Marc Bulger and defensive tackle Aubrayo Franklin. Jason La Canfora has a full list of potential free agents here.

Quarterbacks Peyton Manning of the Colts and Michael Vick of the Eagles are also free agents, but expected to re-sign with their current teams.

After the jump, check out my list of this year's top 25 undrafted free agents and let us know the route you'd want your team to go in.

1. Kristofer O'Dowd | 6'5, 300 pounds | C | Southern California
2. DeAndre McDaniel | 6'0, 212 pounds | SS | Clemson
3. Deunta Williams | 6'2, 210 pounds | FS | North Carolina
4. Derrick Locke | 5'9, 182 pounds | RB | Kentucky
5. Weslye Saunders | 6'5, 280 pounds | TE | South Carolina
6. Mark Herzlich | 6'4, 248 pounds | OLB | Boston College
7. Henry Hynoski | 6'2, 260 pounds | FB | Pittsburgh
8. Terrance Toliver | 6'5, 203 pounds | WR | LSU
9. Cameron Graham | 6'4, 253 pounds | TE | Louisville
10. Noel Devine | 5'8, 176 pounds | RB | West Virginia
11. Brandon Bair | 6'7, 272 pounds | DT/DE | Oregon
12. Pat Devlin | 6'4, 225 pounds | QB | Delaware
13. David Mims | 6'8, 331 pounds | OT | Virginia Union
14. Pierre Allen | 6'4, 264 pounds | DE | Nebraska
15. Jeff Maehl | 6'1, 184 pounds | WR | Oregon
16. Justin Boren | 6'3, 320 pounds | G | Ohio State
17. DeAndre Brown | 6'6, 231 pounds | WR | Southern Mississippi *
18. Tim Barnes | 6'4, 310 pounds | C | Missouri
19. Kai Forbath | 5'11, 192 pounds | K | UCLA
20. Derek Hall | 6'5, 300 pounds | OT | Stanford
21. Mario Harvey | 5'11, 248 pounds | MLB | Marshall
22. Chase Beeler | 6'3, 285 pounds | C | Stanford
23. Tejay Johnson | 6'1, 212 pounds | FS | TCU
24. Dane Sanzenbacher | 5'11, 182 pounds | WR | Ohio State
25. Zane Taylor | 6'2, 309 pounds | C | Utah