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Breakdown of safety Will Hill's new two-year deal

The Baltimore Ravens have signed safety Will Hill to a new two-year contract. (Kevin Richardson/Baltimore Sun video)

Some wondered why safety Will Hill would delay free agency after the 2015 season to sign what technically amounts to a one-year contract extension with the Ravens. Hill, though, will make out pretty well in the deal.

His new contract is a two-year deal that covers the 2015 and 2016 seasons and is worth $7 million. That includes a $3.5 million signing bonus and $5.16 million in guaranteed money.

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Hill had been set to play 2015 under the $1.542 million restricted free agent tag. Instead, he could receive as much as $5.458 million in new money.

In the upcoming season, he carries a base salary of $660,000, which is fully guaranteed. The following year, his base salary jumps to $2.84 million with $1 million of it guaranteed.

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His salary cap numbers are $2.416 million for this season and $4.59 million for next. As for the Ravens salary cap situation, the deal didn't have a significant effect on them for this year, increasing their number by $868,000.

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