Ravens Reed Agree

Ed Reed and the Baltimore Ravens have agreed on a contract extension. Ed Reed, a four-year veteran, plays the safety position. The Ravens will be counting on him heavily this year. The new contract extension is for six years. Reed is now under contract through the 2012 season. This deal was announced by the Ravens earlier today.

The specific financials are not currently known. Reed was in the final year of his contract. He had a base salary of 1.983 million. He’s been trying to get an extension for a year now and finally the two sides agreed. He’s an important fixture in the Ravens defense. Even though he would have been eligible for free agency following the 2006 season, many believe the Ravens would have used the infamous franchise tag to keep him.

The deal is expected to be finalized and executed by the NFL shortly. Some are already speculating that the financial part of the deal will end up making Reed the highest (or one of the highest) paid safeties in the league. The bonus money is expected to be fairly high. Now that the Ravens have committed to Reed, he can go out and play. His situation is finally resolved.