After all the haggling over guaranteed money and how many years, the Ravens and their franchise player, running back Ray Rice, agreed to a five-year deal. Reports have said the deal is worth $40 million for an average of $8 million per season.
Here’s the tricky part. The Ravens will be paying Rice $17 million this season. That’s one very large chunk of change. Additionally, he will make $8 million next season. In total, that’s $25 million in the first two seasons of his new deal, according to multiple reports.
It’s a good deal by both sides. Rice gets paid what he wants and the Ravens keep their star running back on a front-loaded contract.
Rice and the Ravens beat the 4 p.m. deadline by ironing out this deal.
The Ravens are thrilled to have Rice.
“This is another example of Steve Bisciotti’s commitment to the team and to our fans to retain our core players,” general manager Ozzie Newsome stated. “Ray has been an integral part of us earning the playoffs in each of his four seasons,...