Monday, July 16, 2012

Ray Rice, Matt Forte receive new contracts

NFL running backs Matt Forte and Ray Rice have signed long-term contracts with their respective franchises.

Forte's deal is worth $32M over four years (roughly $18M guaranteed), while the Ravens awarded Rice with a 5-year, $40 million contract. The deadline to get these deals done was today at 4 PM ET.

Some notable players who received the franchise tag but did not sign long-term deals: Wes Welker (Patriots), Dwayne Bowe (Chiefs), Cliff Avril (Lions) and Dashon Goldson (49ers).

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