March 11, 2015 -While the details of the January 2015 settlement reached between the Ravens and their former star running back, Ray Rice, were undisclosed, sources indicate that the sides ended up settling for $1.588 million. The star running back was suing for back pay from his $3.529 million base salary for the 2014 season. The football player received a total of $26.588 million on the contract that was signed into being in July of 2012. (This included his $15 million bonus for signing).
Ray Rice’s $35 million contract was abruptly cancelled in September 2014 after graphic video coverage of a domestic violence incident surfaced online. Rice filed a grievance in October 2014.
After reaching a settlement with Rice, the Ravens released a statement regarding the situation indicating that the resolution was intended to put an end to the grievance with the former star running back and that they wanted to put it all behind them and move forward. They also made sure to “wish Janay and Ray Rice the best.”
Rice was a three-time Pro Bowl selection. Since the incident, Rice has been reinstated from his indefinite league suspension (that began in November of 2014). He hasn’t worked out for or even visited an NFL team since the problems began, but he hopes for a second chance at the game and works out regularly on his own in preparation for that opportunity.