Reed said, via CBSSports.com:
I love this game, and I put my heart and soul into it. You could see it out here today. I'm sure the Ravens are confident I'll be there for camp, because they know how much I love the game, too. But I'll say this, they're not going to get me for cheap, not a chance.
Update: Tuesday, July 24 at 9:18 p.m. ET
Backing up previous reports, Ravens head coach John Harbaugh confirmed today that Reed would be reporting to training camp on Wednesday, according to BaltimoreRavens.com.
Ed Reed will report to training camp tomorrow, according to John Harbaugh. Coach said he had a great talk with the veteran safety.— Baltimore Ravens (@Ravens) July 24, 2012
-- End of Update --
Reed, who is due $7.2 million in the final year of his contract, has been trying to renegotiate with the Ravens. This comes after the team reportedly offered him a multi-year deal prior to last season in the neighborhood of $8 million annually.
The deal would have paid Reed about the same as players such as Eric Weddle and Michael Huff, despite Reed being an eight-time Pro Bowler, a three-time NFL interceptions leader and the 2004 Defensive Player of the Year.
On the other hand, Reed is now on the downslope of his career, he's 33 years old and he has experienced hip and neck injuries throughout the years. From the Ravens' perspective, it's a bit risky to offer him a big deal.
It's hard to imagine Reed in anything else but a Ravens jersey. He's been with the team ever since he was selected in the first round of the 2002 NFL draft and has become a well-respected player in Baltimore.
Reed did play in all 16 regular-season games last season—recording 52 tackles, three interceptions and one sack—and he notched an interception against the Houston Texans in the AFC divisional playoffs. In that respect, he does carry some clout when he claims he's worth a long-term, lucrative deal.
But one thing's for sure: In a time when multiple star athletes hold out, Reed isn't going to let a gap in contract talks keep him off the field. He simply loves and respects the game too much.
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