The Baltimore Ravens and Ray Rice made a $40 million contract at the eleventh hour today to keep the Running Back in Baltimore for five years. Ray flirted with playing the season with earnings of $7.7 million with a franchise tag. With this new contract that comes with $24 million guaranteed Rice will make $25 million in the first two years. He will earn $17 million in 2012 and $8 million in 2013 totaling over the guaranteed portion of the deal.
With this move most fans are convinced that the Ravens are dedicated to retaining talent and willing to invest in its players. Ravens General Manager Ozzie Newsome reportedly referred to the agreement as “another example of Steve Bisciotti’s commitment to the team and to our fans to retain our core players” hailing the team’s owner and also praising Rice’s placement in the playoffs in each of his four seasons. As the season unfolds the Baltimore Ravens has a pool of talent that has just been solidified with a deal that most already had high hopes for. Rice has had 250 catches for 2,235 yards and leads the NFL in reception yards by a receiving running back and has scored a career 15 touchdowns. Welcome back to training camp Mr. Rice, its back to the office for another NFL season.