Whether it comes from the Ravens, Houston Texans or another team, Reed wants a similar annual figure in his next deal, according to The Baltimore Sun. Reed's inability to find that explains why he's still on the market one full week into free agency.
The Sun also reported Tuesday that the Texans' offer to Reed last week was in the three-year, $4 million annual range. The Houston Chronicle reported the Texans and Reed's agent remain in contact at the NFL Annual Meeting, but a deal is not close.
The Ravens have an offer out to Reed, but like the Texans, it's one that's kept earthbound by their tight salary-cap situation. Both teams continue to wait on Reed, but his time to decide isn't infinite.
Eventually one team, or both, will simply move on.
Follow Dan Hanzus on Twitter @DanHanzus.