DL Sunny Harris, LB Derrell Smith, C Cody Wallace, and DB Torri Williams were signed to this same contract also at the same time.
Lucky is right. Found a more detailed explanation of this contract status (web site wouldn't allow cut and paste)......http://www.steeleraddicts.com/2012/0.../#.T51V8lJ62So
and a complementary piece:
NFL teams are now signing dozens of players to "reserve/future" contracts to round out their 2012 rosters. These deals -- the vast majority of them without signing bonuses and for minimum salaries -- do not technically activate until the 2012 League Year, set to begin on March 13. Thus, the players will be in a reserve category until that time.
Many of these reserve/future signings are players that were on practice squads for the 2011 season and will sign with the team for which they were on the practice squad. Some, though, will jump to another team for a perceived better opportunity.