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OWINGS MILLS, Md. -- The Baltimore Ravens signed Ray Rice to a new five-year contract Monday worth roughly $40 million.
The Ravens and their standout running back went right down to the 4 p.m. deadline before hammering out the deal. Had Rice not signed, he would have played the 2012 season under the $7.7 million franchise tag tender.
Instead, he will get $17 million this year and $8 million in 2013.
"Baltimore I'm back well I never left lol #Ravens," Rice wrote on Twitter on Monday.
Baltimore has made the playoffs in each of Rice's four seasons, twice advancing to the AFC title game. He earned his second Pro Bowl invite last year after leading the NFL with 2,068 yards from scrimmage.
"This is another example of (owner) Steve Bisciotti's commitment to the team and to our fans to retain our core players," Ravens general manager Ozzie Newsome said. "Ray has been an integral part of us earning the playoffs in each of his four seasons. His production on the field speaks for itself, and his leadership in the locker room is outstanding.
"I should say something about his community efforts; I think they are almost unmatched by any player in the NFL," Newsome said. "You'd have a hard time finding a player who does more or is as serious about helping others as Ray is. He is one of those players you can proudly say, 'He's on our team.' "
As Baltimore's franchise player, Rice would not have been required to report at the start of training camp. The Ravens will hold their first full squad workout July 26, and Rice is expected to attend.
The Ravens and their standout running back went right down to the 4 p.m. deadline before hammering out the deal. Had Rice not signed, he would have played the 2012 season under the $7.7 million franchise tag tender.
Instead, he will get $17 million this year and $8 million in 2013.
"Baltimore I'm back well I never left lol #Ravens," Rice wrote on Twitter on Monday.
Baltimore has made the playoffs in each of Rice's four seasons, twice advancing to the AFC title game. He earned his second Pro Bowl invite last year after leading the NFL with 2,068 yards from scrimmage.
"This is another example of (owner) Steve Bisciotti's commitment to the team and to our fans to retain our core players," Ravens general manager Ozzie Newsome said. "Ray has been an integral part of us earning the playoffs in each of his four seasons. His production on the field speaks for itself, and his leadership in the locker room is outstanding.
"I should say something about his community efforts; I think they are almost unmatched by any player in the NFL," Newsome said. "You'd have a hard time finding a player who does more or is as serious about helping others as Ray is. He is one of those players you can proudly say, 'He's on our team.' "
As Baltimore's franchise player, Rice would not have been required to report at the start of training camp. The Ravens will hold their first full squad workout July 26, and Rice is expected to attend.
