To no one’s surprise, the Ravens placed the franchise tag on running back Ray Rice Friday. The hope is to work out a long-term deal for the Pro Bowler.
That brings up the question how long is too long?
Rice just turned 25, so conventional thinking is he has four great years left. His agent is reportedly seeking a deal similar to the one Adrian Peterson signed before the 2011 season, which is for seven years.
I think the Ravens should negotiate a three-year deal with a guarantee around $18 million. The total worth of the contract should be about $30 million, with it being heavily backloaded.
Why heavily backloaded?
If the Ravens heavily backload Rice’s contract and he suffers a serious injury they won’t be on the hook for a big cap hit.
Anything more than a four-year deal is too long in my opinion though.