The Ravens signed Reed to a two-year contract, the team confirmed before Tuesday's 4 p.m. free agency deadline. The Baltimore Sun reports that it carries a maximum value of nearly $2.5 million and includes a $500,000 signing bonus.
Reed was a restricted free agent who had not yet received a tender from the Ravens. By reportedly signing him to a lower price than the $1.323 million original-round tender, Baltimore saves some room under the salary cap.
Reed, 25, has struggled to stay healthy during his three seasons in Baltimore. A fractured wrist/hand ended his rookie season after 13 games when he was leading the NFL in average yards per kickoff return (29.3).
Then a torn anterior cruciate ligament wiped out the remainder of his 2011 season after 11 games and gave him a late start on 2012.
But Reed continually worked hard to return to the field, and last year made it back for five regular-season games and three in the playoffs. A core special teams player who had four tackles last season, Reed also started to emerge as a wide receiver last year.
Reed caught five passes for 66 yards, all coming in Baltimore’s final three regular-season games. The Ravens have long liked the fifth-round prospect’s hands, toughness and quickness as a receiver, and he could be a weapon in the slot.