The Ravens are signing New Orleans Saint restricted free agent wideout Willie Snead to a two-year offer sheet worth up to $10.4 million, NFL Network Insider Ian Rapoport reported, per a source informed of the situation.
The Saints have five days to match it, though it seems unlikely they would.
The Saints signed Bears RFA Cameron Meredith to join a group including Michael Thomas and Ted Ginn, which wouldn’t seem to leave much room for Snead at any price. They also brought back Brandon Coleman.
The Ravens have churned the position, getting rid of Mike Wallace, Jeremy Maclin, and Michael Campanaro, and bringing in free agents Michael Crabtree and John Brown.
Snead caught just eight passes last year, but was productive his first two years with the Saints, catching 69 and 72 passes. A three-game suspension last year left him out of the game plan early, but the Ravens obviously think he can return to form.