The base value of the deal is $8 million, and includes another $1 million in incentives, according to league sources. Johnson's deal has a team option for the second year at $4 million, which would have to be picked up in February 2015, a league source told Schefter.
The team took to Twitter on Wednesday to confirm the signing:
We've signed @ChrisJohnson28. - http://t.co/bsZv0lOfPP Welcome CJ2K to #JetsNation! pic.twitter.com/rNlcNPrDO0
- New York Jets (@nyjets) April 16, 2014"I've always been a big fan of the Jets," Johnson told the team's official website. "There was some thought into this, but just at the end of the day, I was comfortable here. I just felt like it was the right situation."
Released April 4, Johnson generated little interest on the open market. He visited with only one team -- the Jets -- and wrapped that up Tuesday. The team wanted to get him signed before the start of its offseason program next week. No other team was identified as a serious suitor.
"I see this as a team on the rise," Johnson told the team's official website. "This is a winning team. They didn't make the playoffs last year, but I think they were a game out of the playoffs with a rookie quarterback. So I feel like this is a team that can do some good things."
For years, Johnson was one of the sport's elite players. He has rushed for at least 1,000 yards in his each of six seasons, including 2,006 yards in 2009. But declining production, coupled with a large salary, led to his ouster.
The Jets were reportedly one of four teams that inquired about trading for Johnson, but they didn't want to pick up his salary ($8 million) or surrender a draft pick, not when his release was expected.
New York finished sixth in rushing last season and has every running back returning in 2014, yet felt the need to add more speed. Johnson, 28, is one of the fastest backs in the league, although he's coming off a season in which he averaged a career-low 3.9 yards per carry.
Johnson's health is a question. He underwent surgery in late January to repair a torn meniscus in his right knee and resumed running only about a month ago. He said after the season that he first hurt his knee in Week 3. He didn't miss any games and became the fifth player in league history with 1,000 rushing yards in each of his first six seasons. Obviously, the Jets feel confident he will regain his explosiveness.
There's also a question about Johnson's role. He was a workhorse with Tennessee, averaging 290 carries per season, but he likely will have to accept a reduced role as part of a committee approach. The Jets' other veteran backs are Bilal Powell and Chris Ivory, who rushed for a team-high 833 yards. Ivory's power game should pair nicely with Johnson.
"I think I'm going to fit in pretty well," Johnson told the team's official website. "Just talking to (offensive coordinator Marty Mornhinweg) and to (coach) Rex (Ryan), who's a guy that likes to run the ball, I think I'm going to fit in very well. We talked about all those things, catching out of the backfield, getting the ball to me in space."
Johnson's pass-catching ability is another reason the Jets signed him. He's not a prolific receiver, but he averages 45 receptions per season. With 42 catches last season, he was one shy of the Jets' team leader, wide receiver Jeremy Kerley. Johnson had as many receiving touchdowns as any player on the Jets.
Johnson became the Jets' third high-profile addition on offense, joining quarterback Michael Vick and wide receiver Eric Decker.
Once known as CJ2K, Johnson brings star power to the position, the first true breakaway back of the Ryan era. Ryan coached Thomas Jones and LaDainian Tomlinson, both accomplished runners, but they weren't home run threats.
Some will argue that Johnson no longer has that dimension, as he managed only five runs of at least 20 yards last season.
There has been a dramatic decline in all aspects of his game since 2011, when he signed a four-year, $53.5 million contract extension.
Shaky offensive-line play, a change in offensive coordinators and the knee injury contributed to Johnson's downturn, but scouts also have noticed that he's not as elusive as he once was. He doesn't force as many missed tackles as he did in his vintage seasons. In 2009, the year he dominated the league, he had 22 runs of at least 20 yards.
Jets Land Chris Johnson
Chris Mortensen, Dan Graziano and Jarrett Bell discuss free-agent RB Chris Johnson and the Jets agreeing on a two-year deal, and the impact he can have on the offense.
Jets Concerned About Johnson's Knees?
Adam Schefter discusses the low-risk deal the Jets gave to RB Chris Johnson and concerns about arthritis in Johnson's knees.