Unless the Saints make a last ditch attempt to keep Ingram, the running back will officially become a free agent at 4 p.m. ET Wednesday.
ESPN's Adam Schefter reported on Tuesday that the Saints have agreed to sign Murray to a four-year, $14.4m contract, after his Minnesota deal expired.
Ingram, also 29, is a two-time All-Pro who put together back-to-back 1,000-yard seasons in New Orleans in 2016 and 2017.
Mark Ingram split carries with Alvin Kamara in New Orleans
Stating he was looking for a starting job somewhere in the National Football League, it is a bit surprising to see Murray go to the Saints where he will be in what should be a lopsided timeshare with Alvin Kamara instead of pushing for a featured gig.
The Ravens have also added an offensive weapon to complement Lamar Jackson, agreeing to a three-year deal with former New Orleans Saints running back Mark Ingram. He averaged 4.7 yards per carry. He rushed for 578 yards and six touchdowns on 140 carries for the Vikings in 2018-19.
Many Vikings fans were hoping Latavius Murray would stay with Minnesota and continue to be a great veteran complement to Dalvin Cook, especially since Cook has missed 17 games in his first two seasons with the team. More importantly, Murray is an accomplished receiving threat - he has a career catch rate of 79-percent on 162 targets, racking up 883 yards but curiously never catching a touchdown pass. He has spent his entire nine-year career with the Seattle Seahawks, one of the leaders of a defense that has perennially been among the NFL's best.More news: Halo The Master Chief Collection on PC: Everything you need to know
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