Snead's contract is a two-year deal worth up to $10.4 million.
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Snead performed well enough to earn a spot on the 53-man roster and saw his first regular season game in 2015.
Undrafted out of Ball State, Snead bounced around from team to team before finding a home in Louisiana near the end of the 2014 season. In the prior two seasons, Snead had a combined 141 receptions for 1,879 yards and seven touchdowns in a crowded Saints offense.
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Baltimore, who had also expressed strong interest in free-agent wide receiver Dez Bryant, is most likely now out of the running for the former Pro Bowl receiver with Snead's arrival.
In Baltimore, Snead will join Michael Crabtree, John Brown, Chris Moore, and Breshad Perriman in the receiving corps that boasted Mike Wallace and Jeremy Maclin as the top pass catchers.
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Snead had career-lows in every category in 2017, catching just 8-of-16 targets for 80 yards across 7 starts and 11 games played. With AP Photos.Receiver Willie Snead has bid farewell to the Saints.