According to NFL Media Insider Ian Rapoport, the pact is worth up to $5.5 million over two years.
On one hand, the price tag bodes well for receivers that are largely special teams-centric. Jones had just nine catches last year in Baltimore and, outside of a 51-catch campaign with the Texans in 2010, has been more of a kick return star than anything.
He talked about the "hidden yards" in a football game and lamented the fact that his team didn't have a game-breaker back deep.
Jones' type, though appearing increasingly replaceable, are showing their worth through deals like this one. Like Ginn alongside him, NFL teams are still desperate for a spark on kickoffs despite all the touchbacks and are willing to pay a decent price.