In early 2005, Reed suffered an injury which ended his 2005 season. While jumping a fence near his home in Tampa, Reed cut the back of his knee and sustained damage to the peroneal nerve that affects movement in his lower leg and foot.
He returned to the Eagles with the aid of a special brace and played in the Pro Football Hall of Fame game against the Oakland Raiders on August 6, 2006. Reed's comeback was cut short as the Eagles released him on the final day of cuts before the season.
St. Louis Rams
In October 2006, Reed was signed by the St. Louis Rams as a kick returner for the 2006 season, but he was cut after playing in six games.
Atlanta Falcons
Reed signed with the Atlanta Falcons in December of that year to provide depth for Atlanta's depleted secondary. The Falcons cut him following the season.
The Eagles re-signed him the next day. However, Reed muffed a critical punt late in the first game of the season against the Green Bay Packers. This led to his subsequent release and the Eagles' signing of Reno Mahe. However, he was re-signed within weeks to back up injured All-Pro safety Brian Dawkins. Reed has since returned to the Eagles' special teams and has resumed his role of kick returner. In a week 12 game against the New England Patriots, Reed was named the starter at the strong safety position when Sean Considine and Quintin Mikell could not play due to injuries.
Reed spent the first seven weeks of the 2008 season with the Eagles, appearing in five games and recording three tackles. He was released on October 21 to make room for fullbackKyle Eckel.
