OWINGS MILLS, Md. -- The Baltimore Ravens signed New Orleans Saints wide receiver Willie Snead to a two-year offer sheet, a source told ESPN's Adam Schefter.
The offer is worth $7 million with $3.4 million in incentives and includes a $2 million signing bonus, according to a source.
The Saints have five days to match the offer sheet to Snead, who is a restricted free agent. New Orleans, which signed restricted free agent Cameron Meredith this offseason, could choose to decline the offer sheet.
It seems unlikely that the Saints will match the offer because Snead's role diminished so much last year and they re-signed veteran backup receiver Brandon Coleman earlier this week.