Willie Snead can now officially become a Raven.
The New Orleans Saints will not match the Ravens' two-year offer to the restricted free-agent wide receiver, according to ESPN's Adam Schefter.
It was a reported two-year, $7 million deal with $3.4 million in incentives and a $2 million signing bonus. The Ravens don't owe the Saints any compensation.
"Even though I am sad to go, I'm even more excited for the next chapter of my life," Snead tweeted. "I can't wait to strap it on as a Baltimore Raven and give everything I have for my new team."
Snead can immediately step into the slot with Michael Crabtree and John "Smokey" Brown on the outside, meaning Snead should have more of an offensive role this season after being sidelined for much of the 2017 season. He can also help in the return game.
Snead is looking to have a rebound season in his fourth NFL year. He caught just eight passes for 92 yards in 11 games last season. He began the year with a three-game suspension for a reported DUI, then suffered an early-season hamstring injury.
In his first two seasons with the Saints and All-Pro quarterback Drew Brees, Snead caught 141 passes for 1,879 yards and seven touchdowns. In 2015, he registered 69 catches for 984 yards and three scores.