Ravens, Terrell Suggs agree to four-year extension
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In a win-win move for both the club and player, the Baltimore Ravens announced today that they have agreed to a four-year extension with linebacker Terrell Suggs that keeps him under contract through the 2018 season.
Suggs, who was entering the final year of his contract, had counted $12.4 million toward the team's cap, but the extension reduces their cap hit to $7.8 million, per CBS Sports' Jason La Canfora.
Before the deal, Suggs would have earned $7.8 million, but he will now earn $12 million ($1 million base salary and $11 million signing bonus) this year. And while he may not see the final three years of deal, which is worth $30 million overall, Suggs increased the guaranteed portion of his contract to $16 million, which includes $4 million in 2015.
As La Canfora notes, the Ravens may also restructure the deal of Haloti Ngata, who has a team-high $16 million cap hit for 2014.
The team's all-time sack leader (94.5), Suggs led the team with 10.0 sacks last year, but he had only one sack in his final eight games. From his rookie season (2003) through 2013, Suggs ranks seventh in the NFL in sacks and 11th in forced fumbles (25).