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Financial ramifications of Ravens terminating Ray Rice's contract
Financial ramifications of Ravens terminating Ray Rice's contract

The Ravens' decision to cut star running back Ray Rice after a video surfaced of him punching Janay Palmer in an elevator at an Atlantic City casino carries major financial ramifications. Because the Ravens terminated Rice's contract, they no longer owe him a $3.529 million nonguaranteed salary for this year and have gained that approximate sum against the salary cap for this fiscal year. The net effect for the Ravens' salary-cap situation, having shed Rice's five-year, $35 million contract that included $22 million in guaranteed money already paid to him through a $15 million signing bonus and a $7 million option bonus, is they're now $6.864 million under the...

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