6:05pm: The Ravens have officially announced the move (via Twitter). The team hasn’t announced a corresponding roster move.
Meanwhile, NFL.com’s Ian Rapoport tweets that the one-year deal carries a max value of $4MM based on incentives.
9:30am: The Ravens have agreed to sign Devin Hester, as Adam Schefter of ESPN.com tweets. It’ll be a one-year deal for the veteran kick returner. 
Hester joined the Falcons prior to the 2014 season and enjoyed his fourth Pro Bowl berth – his first since 2010. Hester returned 45 kicks for 1,128 yards and 18 punts for 240 yards, showing that he was still dangerous in the return game. This offseason, he was cut loose by Atlanta. It remains to be seen whether Hester can build on his NFL record in return touchdowns (20) and punt return touchdowns (14).
The Ravens had other options in the return game heading into the offseason, but they’ve since cut ties with nearly all of them. Wide receivers Jeremy Butler, Michael Campanaro, and Keenan Reynolds all were thought to be contenders for the returner job in Baltimore, but the club waived all three over the weekend, likely with an eye towards adding Hester.
Photo courtesy of USA Today Sports Images.
It’s about time…great signing especially since we are not needing him to be anything more then a return man