The Saints released Vereen (undisclosed) from injured reserve with an injury settlement Thursday, per the NFL's transaction log.
The reason for Vereen's placement on IR on Aug. 31 was never revealed, but the running back will recover away from the team for an unknown amount of time. Once the terms of the settlement are up, he'll be eligible to re-sign with the Saints. Before then, though, he can join another organization.
The Saints will place Vereen on injured reserve, Nick Underhill of The New Orleans Advocate reports.
Vereen's roster status was already precarious, and he now appears to be dealing with some kind of injury. He'll likely agree to an injury settlement, which would free him to sign with another team.
Vereen caught each of his three targets for 14 yards in Friday's preseason game against Arizona.
Vereen logged 14 snaps on offense, with his first reception coming shortly before halftime. Though he hasn't generated any buzz since signing with the Saints a month ago, the 29-year-old could land on the 53-man roster if the team doesn't trust Jonathan Williams or Boston Scott to handle passing downs in the event of an Alvin Kamara injury. Williams seems to be winning the battle for the No. 2 running back job during Mark Ingram's four-game suspension.
Vereen agreed to a contract Wednesday with the Saints, Mike Garafolo of NFL Network reports.
The Saints have been looking at veteran running backs ever since the announcement of Mark Ingram's four-game suspension, previously showing interest in the likes of DeMarco Murray and Jamaal Charles. The team ultimately settled on Terrance West and now Vereen, a pass-catching specialist who averaged just 3.6 yards on 45 carries and 5.8 yards on 44 receptions for the Giants last season. The Saints likely will give Alvin Kamara more work on early downs while Ingram serves his suspension, potentially opening up a few snaps for Vereen in obvious passing situations. The 29-year-old will first need to earn a spot on the 53-man roster, as he'll compete with West, Boston Scott, Trey Edmunds and Jonathan Williams for what likely will be two or three jobs.
Vereen remains unsigned, NJ.com's Ryan Dunleavy reports.
Vereen should eventually find a chance to compete for a roster spot, but he's unlikely to secure much in the way of guaranteed money after averaging just 3.6 yards per carry and 5.8 yards per reception last season for the Giants. The 29-year-old passing-down specialist hasn't done much of note since 2015.
Vereen had his usual modest day Sunday with only 15 snaps and three carries for 14 yards. He failed to catch either of his two targets.
It's unclear what the future holds for Vereen as he's a free agent this offseason and turns 29 in March. Usually, third-down backs (think Danny Woodhead, Darren Sproles) age better than workhorses, so there might be some demand for Vereen's services. Wherever he lands, it can hardly be worse than the offense in which he played in 2017.
Vereen had an oddly symmetrical but unproductive day with five carries for 15 yards and five catches for 15 yards against the Eagles in Sunday's 34-29 loss.
Wayne Gallman has taken over as the Giants' leading runner and pass-catching back, so Vereen is left to chip in at the margins.
Vereen had six carries for 23 yards, four targets, three catches and 24 receiving yards in Sunday's 30-10 loss to the Cowboys.
Vereen is maintaining a minor role as the third-string runner and sometime third-down back.
Vereen had two carries for 13 yards and caught all three of his targets for 15 yards during Sunday's 12-9 overtime win against the Chiefs.
Orleans Darkwa has firmly taken over the team's starting job, leaving Vereen to split the backup duties with Wayne Gallman and see some work on third downs.
Vereen had five carries for 11 yards and four catches for 27 yards Sunday at San Francisco.
Vereen's role had shrunk the last few games, but he saw more snaps Sunday and got back involved as a pass catcher. As a third-down back, his ceiling is limited, especially in this offense.
Vereen caught three of four targets for 14 yards Sunday against the Rams. He did not record a single carry.
That Vereen would be used so sparingly for the third straight contest despite game flow favoring the passing game does not bode well for his role in the offense. There's no reason to roster him except in leagues of oceanic depth.
Vereen had two carries for four yards and caught three of his four targets for two yards against the Seahawks on Sunday.
It's been two straight games that Vereen, despite the team's dearth of receiving options, hasn't been a factor. You'd think with Eli Manning checking it down so much Vereen would have a bigger role, but so far that hasn't happened.
Vereen had one carry for four yards but did not receive a single target all game in Denver during Sunday night's 23-10 win.
With the Broncos favored by 13 points before kickoff, this figured to be a game flow favorable to Vereen, but the Giants not only had the lead all game, they ran effectively behind Orleans Darkwa. Vereen is still the team's third-down back, and the Giants still lack playmakers out wide, so he's likely to produce in games where the team finds itself at a deficit, and Sunday's performance notwithstanding, those games are coming.
Vereen nabbed four of five targets for 27 yards and added 18 yards on four carries in Sunday's 27-22 loss to the Chargers.
The nine touches tied a season high for Vereen, but don't be surprised if that climbs in the coming weeks. Both Paul Perkins (ribs) and Orleans Darkwa (calf) are on the mend and questionable to start the week with injuries. In the meantime, the Giants' receiving options are dropping like flies. Always best used as a scat back, Vereen might be the Giants' answer to the production lost by injuries. In fact, they seem a sprained ankle away from not having much of a choice but to lean on Vereen.
Vereen had five carries for 14 yards and one catch on two targets for 11 more yards Sunday against the Buccaneers.
After a busy Week 1, Vereen has seen less work as Eli Manning has elected to throw to tight end Evan Engram and possession receiver Sterling Shepard on check-downs. Vereen is still the team's third-down back, however.
Vereen (calf) will play in Sunday's game against the Buccaneers, Ralph Vacchiano of SNY reports.
Vereen sat out the first two days of practice this week in order to give his sore calf some rest, but he was able to get in a limited practice Friday, which was apparently all he needed to do in order to play this week. Vereen averaged just 18 snaps over the last two games, and since he may be playing at less than 100 percent Sunday, his role does not figure to expand much.
Vereen (calf) was absent from Thursday's practice.
Vereen's lack of participation for the second straight day of practice puts his availability up in the air for Sunday's contest against the Buccaneers. He'll still have one more opportunity Friday to prove he's made progress from the calf injury before the Giants make a formal declaration on his status heading into Sunday, but Vereen looks like he could be at serious risk of sitting out for the first time all season. If that's the case, the Giants would likely make rookie Wayne Gallman active for the contest, and he could assume many of the snaps that would typically fall to Vereen on passing downs.
Vereen didn't practice Wednesday due to a calf injury.
Both Vereen and Orleans Darkwa (back) emerged from Sunday's loss to the Eagles with injuries, which have forced both to focus on rehab rather than practice to begin Week 4 preparations. On the season, Vereen trails Paul Perkins, 79-67, in offensive snap count, but the former is the only Giants running back to surpass 100 yards from scrimmage (129, to be exact) through three games. With multiple injuries afflicting the backfield, it remains to be seen how the reps at running back will break down Sunday in Tampa Bay.
Vereen had one carry for five yards and two catches for 18 yards Sunday against the Eagles.
Vereen simply wasn't especially involved in the game plan, and this despite a come-from-behind game-flow that should have suited him. He's in no danger of losing his third-down role, however, but don't expect many carries.
Vereen rushed six times for 28 yards and caught all three of his targets for 27 yards in Monday night's 24-10 loss to the Lions.
Vereen led the Giants in rushing yards, evidencing how poor their ground game was once again Monday. With Paul Perkins ineffective thus far, Vereen could get more handoffs going forward, but his fantasy stock remains rooted in his presence in the passing game. Through two tilts, Vereen boasts 12 receptions for 78 yards.