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Ravens Sign Jones, Extend Pollard

May 08, 2012 10:08 PM EST

The Ravens have reached a two-year deal with Jacoby Jones and agreed to terms on a three-year extension with safety Bernard Pollard.

A league source told ESPN's Adam Schefter that Jones' deal is for $7M. Financial terms for Pollard's deal, which will run through the 2015 season, were not immediately available.

Jones, was released on May 1 by the Texans after failing to live up to expectations. He managed 31 catches for 512 yards last season in a season when receiver Andre Johnson was sidelined nine games with injuries.

Via ESPN.com