Of all the grades that I've assigned to free-agent signings this year, the Ed Reed one may be one of the most straightforward. And I don't even know the terms of the deal.
That said, I highly doubt the money's crazy, or it wouldn't have taken the Texans so long to get this done.
On one hand, you have Ed Reed the aging superstar. He's a player who has his flaws, and he's clearly not the dominant force that he once was.
On the other, you have Ed Reed the savvy veteran. He's player who still has a nose for the football, will upgrade the Houston secondary and will be a presence in the locker room.