"To say that we have added a player that can impact the game is an understatement. I am truly thankful," Texans general manager Rick Smith said on Friday. "It is truly a great day for our franchise."
NFL.com's Albert Breer cited a source involved in negotiations in adding that the contract will pay Reed $6 million the first year of a three-year deal worth $15 million.
"Nothing official, but unless something changes, yes," Reed texted Breer.
Reed spent the day with his family Wednesday before making the decision it was time to move on, according to Breer.
The Ravens handled this situation in a similar manner to how they dealt with Ray Lewis before his last contract with the team, welcoming Reed to find a better deal than they could offer.
Lewis didn't find better prospects and returned. Reed did, and now he's taking his Hall of Fame resume elsewhere.