Tuesday, July 17, 2012

Ravens Reach Long-Term Deal With Ray Rice

The franchised running back agrees to a five-year contract with the Ravens.

The deal is reportedly worth $35 million with $5 million in performance incentives for a max of $40 million , according to the NFL Network’s Albert Breer, making Rice one of the highest-paid running backs in the NFL.

He reportedly will get $17 million in the first year of the contract and $25 million over the first two seasons. CBSSports’ Jason La Canfora reports that $24 million is guaranteed.

All the details here.

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