As expected, the Baltimore Ravens announced on Monday that they have signed linebacker Terrell Suggs to an extension that should allow him to finish his career with the team that drafted him in the first-round of the 2003 NFL Draft.
Some of the figures and terms of the new deal that runs through 2018 are starting to come in as Jason La Canfora of CBS Sports is reporting that Suggs will receive $16 million guaranteed as part of the extension. In addition, Suggs 2014 salary cap charge will now drop from $12.4 down to $7.8 million, which is what his base salary was originally scheduled to be.
We still don’t know the full breakdown of the numbers by year, but being as Suggs will reportedly pocket $12 million in 2014, according to La Canfora, we can probably safely speculate that he was given a signing bonus somewhere in the neighborhood of $11 million. This, combined with a $1 million guaranteed base salary in 2014, would put his cap number next season at $7.8 million and put $12 million in his bank account right now.
While we don’t know for sure, it is likely that Suggs base salary in 2015 will be $4 million and if so, his 2015 cap number should be $6.6 million or thereabouts. That salary is also expected to be fully guaranteed and thus would give Suggs his $16 million over two years.
The Ravens are probably counting on Suggs playing at least three more seasons judging by the numbers. Should they need to release him after the 2016 season, he will only carry a $4.4 million dead money charge at that time, assuming the numbers above are correct.