Today is the deadline for franchise players to sign a deal, or they will have to wait for the next offseason to ink a deal with their club. With that, one franchise player that seems to feel his best place is where he currently is at is Ravens LB Terrell Suggs.
The following is from John Clayton of ESPN:
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. Freeney and Suggs were both represented by Gary Wichard.
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.
The payout of the contract was the reason for the signing. Over the first two years of the contract, Suggs will make $40 million. Over the first three years, he will make $43.4 million. Over the first four years, he will make $48.3 million.
It was just thought on Tuesday that Suggs and the Ravens would not be able to ink a deal, so this is a huge signing for the club, and one they really need after losing Bart Scott this past offseason to the New York Jets.