The questions surrounding Ray Rice’s future with the Ravens can be put to rest, and the Steelers can look forward to facing off against the pesky former Rutgers running back in 2012. Prior to today’s franchise tag deadline, the Baltimore Ravens signed Ray Rice to a 5-year deal totaling $40 million dollars should he hit all his incentives.
Rice would have cost the Ravens over $7 million against the cap were he to retain the franchise tag without signing a new deal before the end of today. By signing Rice now, the Ravens will save $2.7 million in cap room. Should Rice become injured between now and March, and Rice is guaranteed another $7 million. The deal is set up so that it can be restructured to help the team again in 2013 should they run into more cap issues – kudos to the agent and Ravens for constructing a pretty solid and incentive filled deal.
With Rice taken care of, the Ravens can now turn their attention to Joe Flacco, who is in the final year of his rookie contract. Were the two sides continue to be at odds at the start of the off season in 2013, then the Ravens can slap him with a franchise tag to delay him walking away. But, just as what happened with Rice, the team will need to reach a deal with him or else get hit with a pretty hefty cap hit for the franchise tag.