The Ravens and franchise player Ray Rice beat the clock with a multi-year contract agreement ahead of Monday's deadline.
The Carroll County Times reports Rice is due to collect $40 million over five years, including $25 million the first two years and $17 million in 2012. With Joe Flacco and Ed Reed set to enter contract years, the Ravens have now freed up the franchise tag for 2013. Meanwhile, Rice's $24 million in guarantees trails only those of Adrian Peterson and Chris Johnson. As a smallish back with a heavy college workload and 400+ touches (including the playoffs) in each of the past three years, Rice did well to land the lucrative long-term deal at age 25.
Source: Peter King on Twitter Jul 16 - 3:57 PM