The Bills are signing Davis to a one-year contract, the team announced Monday night. NFL Network Insider Ian Rapoport reports the deal has a base value of $5 million with $3.5 million guaranteed.
While standard free agents must await the onset of the 2018 league year in March, Davis is eligible to sign with a new team because he was released prior to the end of the 2017 season.
Although Davis was a legitimate lockdown corner at the height of his Indianapolis career -- going nearly two years without allowing a touchdown -- his effectiveness has waned while battling injuries the past two seasons. The Bills are banking on his ability to regain pre-injury form, often a shaky proposition for players approaching the age-30 barrier.