Ray Rice won his wrongful termination grievance against the Baltimore Ravens and the terms of that settlement are starting to come out.
Rice and the Ravens ended up settling for $1.588 million, according to sources.
Rice was seeking back pay from his $3.529 million base salary for the 2014 season. The settlement was agreed upon in advance a scheduled hearing before NFL system arbitrator Shyam Das.
Rice was paid a total of $26.588 million on the contract that was signed in July 2012, which included a $15 million signing bonus.
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.”