Report: Ravens & Terrell Suggs “Making Progress” On A Contract Extension

Mike Preston of the Baltimore Sun reports that the Ravens are making progress on a contract extension with OLB Terrell Suggs.

According to Preston, this should be the Ravens “top priority” seeing as a contract extension could free up as much as $5 – $6 million in cap space. Preston believes an agreement between the two sides is “likely” to be reached at some point.

Assuming a deal gets worked out, Preston mentions that the Ravens would have the cap space to address impending free agents like OT Eugene Monroe, TE Dennis Pitta and ILB Daryl Smith.

Suggs, 31, will be entering the final year of his six-year, $62.5 million contract that included $38.1 million guaranteed and has a 2014 cap figure of $12.4 million.

Baltimore could free up $7.8 million in cap space by releasing him outright, according to Overthecap.com, but it would make more sense to get a long-term deal worked out that would include much more manageable cap figures in the coming years. 

Last year, Suggs totaled 80 tackles, 10 sacks and a fumble recovery while playing in all 16 games. He’s two years removed from being the Defensive Player of the Year, but was forced to miss half of the 2012 season with a partially torn Achilles. Suggs was able to join the team and help them during their Super Bowl run.

Pro Football Focus rated Suggs as the No. 9 outside linebacker in a 3-4 defense this season.