Tanard Jackson Tanard Jackson, speaking to reporters in Ashburn in Aug. 2012. (Alex Brandon/Associated Press)

The Washington Redskins have worked out a new deal to bring Tanard Jackson back into the fold a day after releasing him, three people with knowledge of the situation confirmed.

Precise terms of the deal were not immediately available, but the Redskins negotiated a lower salary for Jackson in the new contract, two people said.

The new deal carries less guaranteed money, which translates into less of a financial risk for the Redskins, according to one person speaking on condition of anonymity.

Jackson is coming off of a suspension that the league leveled against him in August of  2012 after he violated the substance-abuse policy. As a repeat offender, he received an indefinite suspension. Jackson has played only one season in the past four years.

Jackson received his reinstatement on Tuesday afternoon, hours before the Redskins terminated the contract.

He will compete for roster spot at a position that already features seven other safeties. Brandon Meriweather and Ryan Clark currently are penciled in as the starters.

Have a question about the Redskins? Send an e-mail to mike.jones@washpost.com with subject line “Mailbag question,” and it might be answered on Tuesday in The Mailbag.

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Post Sports Live:

The Post Sports Live crew debates whether the Redskins should choose the best available player for their second round draft pick, or if they should try and fill holes in the team's roster instead. (Post Sports Live/The Washington Post)