Front-loaded Rice contract blows up on RavensPosted by Mike Florio on September 8, 2014, 3:31 PM EDT
Getty ImagesThe Ravens did what most will describe as the right thing by cutting running back
Ray Riceafter video emerged of the punch applied by Rice to his wife, Janay.
In hindsight, the Ravens arguably did the wrong thing by giving Rice a grossly front-loaded contract in July 2012.
In that month, the Ravens paid Rice $15 million to sign, along with a 2012 base salary of $2 million. He then received a $7 million option bonus last March, along with a $1 million 2013 base salary.
That’s a total of $25 million for only two years of football.
The Ravens won’t owe Rice anything for 2014, since he wasn’t active for Week One. But they’ll absorb a $4.75 million cap charge this year and $9.5 million in 2015 for the combined signing bonus and roster bonus.
Rice immediately becomes a free agent. But that won’t matter until he’s reinstated by the NFL. Which may not happen this year.