It's a one-year deal, per Mary Kay Cabot of the Cleveland Plain Dealer.
The Browns have had a busy Wednesday. In addition to Moore, they announced they signed linebacker Demario Davis. Meanwhile, Cleveland confirmed it released linebacker Karlos Dansby as well as wide receiver Dwayne Bowe.
The Houston Texans released Moore earlier in the month after he spent one year with the team. He had originally signed a three-year, $12 million deal with Houston, so the fact the Texans got out from under his contract so quickly illustrates how far his stock has fallen in the NFL.
The 26-year-old appeared in just seven games, making 16 combined tackles and intercepting one pass.
The problems for Moore began back in November, when he nearly lost his leg as a result of acute compartment syndrome. The MMQB's Joan Niesen described it as a condition in which pressure builds up in muscles. As a result, cells inside the muscles die altogether. Niesen added that had he waited another day later or longer to go to the hospital, Moore's leg likely would've been amputated, and his life could've been in grave danger.
The fact Moore played every game for the Denver Broncos in 2014 was unquestionably impressive, but he wasn't the same player he had been before the injury. The trend continued last year, which even Texans general manager Rick Smith couldn't ignore, per Wilson:
Compounding matters, Moore's replacement, Andre Hal, intercepted four passes and became a key member of the secondary. The Houston Chronicle's Brian T. Smith added how Moore's demotion in part coincided with an upturn in the team's fortunes:
There's no question this is a risky move for the Browns in that it's far from a guarantee Moore can be a viable No. 1 safety in the league. But Cleveland will be well aware of that fact, a luxury the Texans didn't have when they signed Moore last year.
Since the Browns aren't paying over the odds in order to acquire him, some of the risk will be offset. In the event Moore has another poor season, they won't have any trouble parting ways with him. And if he has a career renaissance, then they'll have a talented defensive back at a bargain price.
At the very least, he can be some competition for Jordan Poyer for the starting free safety job. Cleveland needed to fill the void left by Tashaun Gipson, who signed with the Jacksonville Jaguars. Moore will add depth to the secondary, and his presence could help the long-term development of Poyer, who's still only 24 and entering his fourth year in the league.