The Baltimore Ravens and running back Ray Rice have completed a five-year, $40 million deal, according to ESPN.com.
The franchised running back and the Ravens completed the deal just minutes before the 4 p.m. EDT deadline. Had an agreement not been reached, Rice would have to play for the $7.7million franchise tender.
Rice will reportedly receive $25 million over the first two years of the deal, including $17 million in year one between base salary and signing bonus.
Follow me on Twitter @TerryMc13
Terry McCormick covers the Titans for TitanInsider.com
Check out our partners at TiqIQ for the best deals on all games on the 2014 NFL schedule.
NOV 20 Joel Corry
A detailed look at the eight candidates vying for that unique honor.
NOV 18 Dion Caputi
Cleveland quarterback Brian Hoyer has overcome long odds to put his team in contention for a playoff berth.
NOV 13 Joel Corry
10 players who are delivering big returns for their respective franchises.