The New Orleans Saints and backup QB Chase Daniel have agreed to a one-year, $1 million contract, an NFL source confirmed. The deal includes a $300,000 signing bonus.

Daniel, who was scheduled to become a restricted free agent on Tuesday at 4:00 pm ET, was not going to be tendered by the Saints. Restricted free agent tenders do not include any guaranteed money. Had he been tendered, no signing bonus would be included, only a non-guaranteed salary of $1.26 million for the low tender. And teams are able to withdraw a tender before it’s signed, so Daniels will earn at least $300,000 this season even if he doesn’t make the roster coming out of the preseason.

Daniel, who held the No. 2 quarterback job last season, earned $525,000 in 2011.