NFL Media Insider Ian Rapoport reported Friday that the 12-time Pro Bowl cornerback agreed to a two-year contract with the Saints that could be worth as much as $7 million, according to a source who spoke with the player. The deal also includes some guaranteed money. Bailey visited with the Saints earlier this week, and the team later confirmed the news of the deal.
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Bailey is a coach on the field, but he can be exposed in man coverage at this stage of his career. (Witness the last Super Bowl.) Don't be surprised if Bailey adds even more versatility to New Orleans' secondary by playing safety and cornerback.