For the Buffalo Bills last season, Searcy started 12 games and played in 15, recording 58 tackles, five passes defensed, three interceptions, a fumble recovery and half a sack.
He's a good player in the box who will surely be looked to as the replacement for Bernard Pollard, who was recently cut.
The addition should be a good one for the team's longtime safety Michael Griffin, who is better in coverage than in run defense.
A source familiar with Searcy said he is a "good, solid player, a good guy, good leader, a guy who's going to do his job."
ESPN.com's resident scout Matt Williamson likes Searcy as a value in this market.
"He is a strong safety, so he will be Troy Polamalu Lite Lite," Williamson said. "A good football player, though, who did well when given the chance in Buffalo as well as a huge help on special teams. I thought he was one of the under-the-radar value unrestricted free agents."
Searcy was a box player in situational packages before he took on an expanded role last season.
He was a fourth-round draft pick out of North Carolina in 2011.