Reedy was an undrafted rookie for the Atlanta Falcons in 2014, and has been on and off the practice squad and offseason roster of the Falcons ever since. He put up three catches for 30 yards in this year's preseason, after producing four catches for 63 yards in the 2014 preseason. That 2014 signing is likely why the Bucs signed him: Dirk Koetter was then the Falcons' offensive coordinator.
At 5'9", 175 lbs., Reedy is mostly a slot receiver prospect and he'll likely compete with Adam Humphries, who had a surprisingly successful rookie season as an undrafted free agent. Reedy hasn't played a game in the NFL yet, but was highly productive in college with 195 catches for 2,743 yards and 23 touchdowns in four seasons with the Toledo Rockets.
For now, though, he's just another offseason competitor. One of about 30 players with little chance to make the roster who have to somehow make a name for themselves.