Nick Toon and the Saints have reached an injury settlement, Evan Woodbery of the New Orleans Times-Picayune reports.

Toon and the Saints have reached an injury settlement, Evan Woodbery of the New Orleans Times-Picayune reports.

Analysis:

Toon will be waived off injured reserve, allowing him to sign with another team. He's recovering from a high-ankle sprain but expects to be ready to play within the next few weeks. As a 2012 fourth-round draft pick, he could draw some interest around the league despite failing to earn a role on a team with shaky wideout depth.