After much back and forth, the details of Ed Reed's contract with the Houston Texans has finally been announced.
At first, safety Ed Reed was seeking a per year average around $7 million, similar to his 2012 contract in Baltimore. Then, it was reported that offers were in the $4 million per year realm. Even after it was announced that the Houston Texans and Reed had agreed to terms, those terms were reported for two or three years for $5-6 million per year with as much as $7 million guaranteed.
Take it away, John.
Ed Reed is getting a 3 year deal worth $15 mil with $5 guaranteed.— John McClain (@McClain_on_NFL) March 22, 2013
Keeping in mind all of the reported numbers, this is a favorable deal struck by general manager Rick Smith. It's not an overpay to steal Reed away from Baltimore and the low guarantee makes it easy to get out of in year two or three, should Reed underperform. For those who wanted to compare it to Glover Quin's deal with the Detroit Lions, Reed's deal is only $300,000 more, on a per-year-average, than Quin's.
All in all, this is a pretty good deal from Houston's standpoint, and I cannot find any reason to complain
until they opt not to draft a developmental safety in April. How about you, BRBers? Happy with the numbers?
EDIT: It's officially official.
It's official: Ed Reed is a Texan! Welcome, @twentyer! twitter.com/HoustonTexans/…— Houston Texans (@HoustonTexans) March 22, 2013