The Ravens have agreed to a contract extension with All-Pro linebacker Terrell Suggs, according to Ravens Insider Aaron Wilson (via Twitter). Wilson also reports (via Twitter) that Suggs will formally sign his restructured contract tomorrow. ProFootballTalk describes the negotiations as being sufficiently close that Suggs is currently in the air from Arizona to Baltimore.
Suggs, the 2011 NFL defensive player of the year, was set to cost the Ravens $12.4MM in 2014 in the final year of a six-year contract that he signed in 2009. Suggs’ deal will almost undoubtedly feature a reduced 2014 cap figure. An emerging number of front offices have been restructuring large contracts in order to shore up short-term cap space. This tactic was evident with Tom Brady‘s contract restructuring in March, 2012.
Details are still emerging regarding the length and value of the contract.