Some good news after the other day’s terrible (but still suspicious) news of Derrick Mason’s retirement. Via my WNST text message:
Ravens and Terrell Suggs agree to a 6-yr, $63M contract per many web reports.
I’ve yet to locate said “web reports,” but I promise to get right on that and report back.
Terrell Suggs, who never minded playing under one-year franchise tags, found the financial security he was looking for Wednesday when he agreed to a six-year, $63 million deal with the Baltimore Ravens, according to a source.
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.
Suggs had until 4 p.m. ET to sign a long-term deal. Had he not found the long-term solution, he would have played the 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.