Ray Rice, Ravens Reach Contract Agreement

Matt Forte wasn’t the only running back to strike it rich just ahead of the NFL’s franchise tag deadline.

The Baltimore Ravens and Ray Rice reached an agreement on a 5 year, $40 million contract.  According to CBSSports’ Jason La Canfora, Rice will receive $17 million in 2012 and $24 million over the first two seasons covering the deal.

With Rice’s deal out of the way, the Ravens can now focus on locking up Joe Flacco to a long term contract.


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