The NFL active sacks leader will join Rex Ryan's defense, which ranked No. 1 last year in several major categories. As a complementary piece, Taylor is expected to be used exclusively on passing downs to get after opposing quarterbacks, including Chad Henne twice this year.
The Dolphins wanted to wait until after this week's draft to address Taylor's contract, but there would be no guarantee they'd be interested if they were to draft enough pass-rushing help to marginalize their need to bring Taylor back.
ESPN's John Clayton reports Taylor's contract is for two years but is heavily weighted for 2010. Taylor's base salary is $1.75 million, but he can make as much as $3.75 million with incentives.