the Talking Can
07-15-2009, 08:49 AM
http://sports.espn.go.com/nfl/news/story?id=4328590
Source: Deal worth $63 million
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By John Clayton
ESPN.com
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Terrell Suggs, who never minded playing under one-year franchise tags, found the financial security he had been seeking when he agreed to a six-year deal with the Baltimore Ravens.
The contract is worth $63 million, according to a source.
A news release from the team said the agreement, reached late Tuesday night, would be completed Wednesday afternoon.
The key to the contract was the structure. Suggs will receive signing-bonus and option-bonus money that will total $33.1 million in 2009 and 2010, according to a source.
That is believed to be second only to Peyton Manning, who received a $34 million signing bonus.
Defensive end Dwight Freeney received $31.5 million in signing- and option-bonus money during the first two years of his contract with the Colts. Freeney and Suggs were both represented by Gary Wichard.
"Getting a deal done with Terrell is consistent with our history of retaining our best Pro Bowl players, like Ray Lewis, Ed Reed, Jonathan Ogden, Todd Heap and Jamal Lewis," Ravens general manager Ozzie Newsome said. "Securing Terrell for six seasons gives us a premier pass-rusher whose ability to stop the run does not get enough credit.
"This is a good day for the Ravens franchise."
Suggs had until 4 p.m. ET Wednesday to sign a long-term deal. Had he not, he would have played this season at $10.17 million and become a free agent next season. Now, on a long-term deal, Suggs becomes the highest-paid linebacker in NFL history.
The payout of the contract was the reason for the signing. In the first two years of the contract, Suggs will make $40 million. In the first three years, he will make $43.4 million. And in the first four years, he will make $48.3 million.
Suggs, who will turn 27 in October, has been the Ravens' franchise player for the past two seasons. He has 53 sacks during the first six years of his career and is considered one of the best pass-rushers in the league.
The 6-foot-3, 260-pound Suggs came out of Arizona State in 2003 as a first-round pick. He played defensive end until the Ravens started using more 3-4 schemes.
In some seasons, he played more at defensive end than linebacker, but the position didn't matter. Suggs' job was to get to the quarterback for sacks. Now, he has sacked the contract of a lifetime.
John Clayton covers the NFL for ESPN.com.
Source: Deal worth $63 million
Comment Email Print Share
By John Clayton
ESPN.com
Archive
Terrell Suggs, who never minded playing under one-year franchise tags, found the financial security he had been seeking when he agreed to a six-year deal with the Baltimore Ravens.
The contract is worth $63 million, according to a source.
A news release from the team said the agreement, reached late Tuesday night, would be completed Wednesday afternoon.
The key to the contract was the structure. Suggs will receive signing-bonus and option-bonus money that will total $33.1 million in 2009 and 2010, according to a source.
That is believed to be second only to Peyton Manning, who received a $34 million signing bonus.
Defensive end Dwight Freeney received $31.5 million in signing- and option-bonus money during the first two years of his contract with the Colts. Freeney and Suggs were both represented by Gary Wichard.
"Getting a deal done with Terrell is consistent with our history of retaining our best Pro Bowl players, like Ray Lewis, Ed Reed, Jonathan Ogden, Todd Heap and Jamal Lewis," Ravens general manager Ozzie Newsome said. "Securing Terrell for six seasons gives us a premier pass-rusher whose ability to stop the run does not get enough credit.
"This is a good day for the Ravens franchise."
Suggs had until 4 p.m. ET Wednesday to sign a long-term deal. Had he not, he would have played this season at $10.17 million and become a free agent next season. Now, on a long-term deal, Suggs becomes the highest-paid linebacker in NFL history.
The payout of the contract was the reason for the signing. In the first two years of the contract, Suggs will make $40 million. In the first three years, he will make $43.4 million. And in the first four years, he will make $48.3 million.
Suggs, who will turn 27 in October, has been the Ravens' franchise player for the past two seasons. He has 53 sacks during the first six years of his career and is considered one of the best pass-rushers in the league.
The 6-foot-3, 260-pound Suggs came out of Arizona State in 2003 as a first-round pick. He played defensive end until the Ravens started using more 3-4 schemes.
In some seasons, he played more at defensive end than linebacker, but the position didn't matter. Suggs' job was to get to the quarterback for sacks. Now, he has sacked the contract of a lifetime.
John Clayton covers the NFL for ESPN.com.