Folk, 31, is in the second year of his four-year, $12 million contract that included $2.1 million guaranteed. He’ll make a base salary of $720,000 this season and another $2.75 million in 2016.
His 2015 season ends with him converting 13 of 16 (81.3 percent) of his field goal attempts to go along with all 19 extra point tries and 13 touchbacks over the course of eight games.
Reports from Monday indicated that Bullock was the most likely kicker to be signed following the workouts, so this shouldn’t come as a big surprise.
Bullock, 25, was in the final year of his four-year, $2.278 million contract when the Texans elected to release him a month ago and sign former Chargers K Nick Novak.
Bullock has converted 83.3 percent of his field goals this season over the course of three games, but has missed two of his five extra point attempts.