When asked via text message if he was staying in Baltimore, McKinnie told NFL.com and NFL Network reporter Albert Breer, "Yes."
McKinnie then confirmed that he was staying in Baltimore on Twitter.
McKinnie's revised deal will pay him a base salary of $2.2 million this season, but incentives can take him back to $3.2 million, a source with knowledge of his deal told Rapoport.
Earlier Tuesday, shortly after a source told Rapoport that talks between the sides had fallen apart, McKinnie sent a text message to Breer that read: "We couldn't come to an agreement on the restructure of my contract, which leads to me being released."
Moments later, Breer received another text message from McKinnie that read: "Not officially over yet just got a call."