The Ravens were holding $1.44 million against the salary cap since the grievance was filed. The Ravens are $4.604 million under the NFL salary cap limit of $143.28 million heading into free agency on March 10 and the start of the 2015 league year.
After settling in January, the Ravens released a statement saying, "The Ravens agreed to resolve the grievance with Ray Rice. It's time to turn the page, and we're moving forward. ... We wish Janay and Ray Rice the best."
Rice, a three-time Pro Bowl selection, was reinstated from an indefinite league suspension in November. He hasn't worked out for or visited an NFL team, but he told The Baltimore Sun during an interview that he's working out regularly and hoping for a second chance.