Reed In Holding Pattern
PITTSBURGH (KDKA) – A day after being released by the Pittsburgh Steelers, Jeff Reed is caught in NFL limbo by the league’s waiver process.
Now, the question becomes whether he will land on another roster by 4 p.m. or become a free agent.
By rule, Reed is on waivers until 4 p.m. Wednesday afternoon.
If no team makes a claim on the former Steelers kicker by the deadline, he will become a free agent. It would seem the waiver process is a mere formality.
Teams making waiver claims would have to assume the rest of Reed’s contract for this season (about $1.2 million).
Once he becomes a free agent, any franchise can work out their own deal and terms with Reed. The Steelers would be on the hook for the rest of the contract they gave him when he received their franchise player designation.
A source close to Reed tells KDKA-TV he’s in a holding pattern for a few more hours. By league rules, Reed and his representatives can have no contact or arrange any workouts with NFL teams until the waiver process runs its course.