Webb is in the second year of a $50 million contract that included a $10 million signing bonus. He is also due a $2.385 million base salary this season and carries a $5.385 million salary-cap figure.
The contract was negotiated by Webb's agent, Marc Lillibridge, and Ravens vice president of football administration Pat Moriarty.
Webb is making steady progress from a torn anterior cruciate ligament in his right knee suffered against the Dallas Cowboys last season and told The Baltimore Sun at the Super Bowl he's on track to return this season.
"Yes, I am coming back next season," said Webb, whose surgery was performed by Dr. James Andrews. "And everything is great."
Webb, 27, had 25 tackles, six pass deflections, one interception and a forced fumble in six starts prior to hurting his knee.
In four NFL seasons, the 2009 third-round draft pick from Nicholls State has 181 career tackles, eight interceptions and 41 pass deflections.