Originally posted on Rumors and Rants  |  Last updated 7/16/12

The Baltimore Ravens used the franchise tag to ensure running back Ray Rice would be back with the team in 2012, but the two sides had eyes on agreeing to a long-term pact at some point. Well now that has finally happened.

Rice and the Raves have agreed to a five-year, $40 million deal that includes $17 million in 2012, and $8 million in 2012. From the initial numbers it appears Rice’s deal fits in the middle of the Adrian Peterson-Chris Johnson-LeSean McCoy-Arian Foster contract group.

The deal came across the line just in front of Monday’s deadline to secure contracts with franchised tagged players that would alter their salaries for the 2012 season.

Last season Rice rushed for 1,364 yards on 291 attempts (4.7 yards per carry), with 12 rushing totals. He also racked up 704 yards and three touchdowns on 76 receptions. His 2,068 yards from scrimmage led the NFL.

The fact that the Ravens and Rice got a deal done is a big win for both sides. The 25-year-old Rice now has long-term financial security, while Baltimore can turn its attention to getting quarterback Joe Flacco and safety Ed Reed inked to long-term contracts.

Rice’s $24 million in guarantees trails only Peterson and Chris Johnson among running backs. He will be eligible for free agency after the 2017 season.

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

DeMarcus Cousins traded to Pelicans for players, picks

West teammates hilariously celebrate Durant and Westbrook oop

Report: Romo willing to rework contract to facilitate trade

Lonzo Ball's father says son is better than Curry right now

Report: Rams could have interest in Cousins if Goff flops

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Mike Trout talks about 'frustrating' struggles of Angels

Report: Butler to Celtics talk will loom over All-Star week

Report: Carmelo expects to remain with Knicks

James Harden: ‘For sure’ I’m the best player in the world

Report: Pats expected to make good effort to keep Bennett

Glenn Robinson III dunks over three people to win Slam Dunk Contest

Is the NBA All-Star Game worth saving?

There will never be another Dirk Nowitzki

The Rewind: Michael Jordan's last All-Star Game

Best of Yardbarker: NBA All-Star Games past, present and future

Eat, Drink, Watch: Everything goes better with a side of New Orleans

Box Score 2/17: Happy birthday, Michael Jordan (and welcome to 1000 point club, Sid!)

The 'Michael Jordan might still win the Dunk contest if he entered' quiz

How to reboot NBA All-Star Weekend

Second-year NBA stars who can salvage the season

Observations from a day at the Westminster Kennel Club Dog Show

Box Score 2/16: Getting ready for the ASG

Too much to Process: Can Simmons match the Embiid hype?

NFL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Best of YB: NBA All-Star Games past, present and future

Who will break these NBA All-Star Game records?

Is the NBA All-Star Game worth saving?

There will never be another Dirk Nowitzki

The Rewind: Michael Jordan's last All-Star Game

Eat, Drink, Watch: Everything goes better with a side of New Orleans

How to reboot NBA All-Star Weekend

Baseball movies you can stream now to hold you over until Opening Day

Second-year NBA stars who can salvage the season

Observations from a day at the Westminster Kennel Club Dog Show

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker