It was announced last night that the 31-year old Suggs and the Ravens had agreed to terms on a new contract and today they made it official at a noon Eastern time press conference.
A four-year extension on top of this season (so really a five-year deal), the total value of the contract is around $30 million. There is $16 million in guaranteed money and an $11 million signing bonus. The other $5 million in guaranteed money comes from the base salaries for this season ($1 million) and next season ($4 million). For this season, his cap hit is reduced from $12.4 million to $7.8 million which creates $4.6 million in cap space for the Ravens. In terms of actual money that he makes this season, he receives an increase as he will earn $12.4 million.
Entering the final year of his six-year $62.5 million deal, he was set to count as $12.4 million against the salary cap. This was the third-highest cap number on the team behind defensive tackle Haloti Ngata and quarterback Joe Flacco. Cutting or trading Suggs would have saved the Ravens $7.8 million in much needed cap space. Due to this high savings number––the largest on the team––it was widely reported that the Ravens would either cut him or renegotiate his contract to create a lower cap hit.
Drafted by the Ravens with the 10th pick in the 2003 NFL Draft, he has been with the Ravens his entire career and now seems set to finish his career in Baltimore.
Despite starting only one game as a rookie, he recorded 12 sacks (a Ravens' rookie record) and earned the Defensive Rookie of the Year Award.
An electrifying pass rusher, he has five seasons with over 10 sacks (2003, 2004, 2010, 2011 and 2013).
In the 2011 season, he performed at his best setting career-highs in sacks (14.0) and forced fumbles (7). He all tied a career-high with two interceptions. With this dominant performance, he was named the NFL Defensive Player of the Year, making him the third Ravens' defender to earn with award along with linebacker Ray Lewis (2000 and 2003) and safety Ed Reed (2004).
The following season––2012––wasn't so kind to Suggs as he tore his Achilles' tendon during the offseason. A significant injury that causes many players to miss entire seasons, Suggs returned in late October about five and a half months after surgery. In his first game back, he recorded four tackles and one sack against the Houston Texans.
Late in the season though, he tore his biceps muscle against the Pittsburgh Steelers. Missing only one game, he came back and played in the final two regular season games.
As the Ravens started their postseason run to Super Bowl XLVII, he was clearly at less than 100 percent, but that didn't stop him from recording 10 tackles and two sacks against the Denver Broncos in the Divisional Round of the playoffs. This two-sack performance helped the Ravens' upset the heavily favored Broncos.
In Super Bowl XLVII against the San Francisco 49ers, he had two tackles in the Ravens 34-31 victory.
Despite being injured for most of the season, he battled his way through it, and his reward was a Super Bowl ring.
This season, he entered the season in the best shape of his life and it showed early in the season. Through the first eight games of the season, he had nine sacks and seemed on pace to be named defensive player of the year again. However, over the second half of the season, his performance faded as he had only one sack over the last eight games of the season. He also had only 20 of his 80 tackles during the final eight games.
Not only is he a good pass rusher, he is also stout against the run. According to Pro Football Focus, he was the best run defending 3-4 outside linebacker this season. The worst he has finished as a run defender since they started grading in 2008 was 13th during his injury riddled 2012 season. Take that season away, and the worst he has finished is third.
The impact of this deal on the Ravens is massive. By reducing his cap number this sea on by $4.6 million, they free up much needed cap room. Left tackle Eugene Monroe and tight end Dennis Pitta are two key free agents that the Ravens had who are set to hit the open market. This $4.6 million can now be used to help sign either of them. It is enough money to take up the entire 2014 cap hit of one of these two.
Before, the Ravens could have easily been outbid for one of these two, but now with Suggs' new contract, they have a much higher likelihood of being able to re-sign both of them.
For Suggs, this deal makes sense as well because he now has a contract through the 2018 season. At the end of this season, he will be 36-years old and his football future will likely be in question. This deal lets him stay in Baltimore for what is likely to be the rest of his career and gives him more money this season.
Overall, this deal is a win-win. Both sides get what they wanted as the Ravens receive cap room this season and lock up one of their veteran leaders for a few more years. Suggs gets the security of a new contract, earns more money this season and gives him the opportunity to do something he saw Lewis do just one season ago––retire as a Baltimore Raven.