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The deal will be for two years and worth $6 million, NFL Media reported. Davis, 26, rushed 112 times for 514 yards (4.6 yards per carry) and four touchdowns with the Seahawks last season while adding 34 receptions for 214 receiving yards and a touchdown.
The deal won't become official until Wednesday at 3 p.m. CT, which marks the start of the new league year.