4:05pm: It’s a five-year, $37.5MM deal, tweets Ian Rapoport of NFL Network. The deal gives Monroe $19MM guaranteed, tweets Jason La Canfora of CBSSports.com.
3:45pm: The Ravens have completed their deal with Eugene Monroe, sources tell Aaron Wilson of the Baltimore Sun (on Twitter). The two sides are just putting the finishing touches on the contract.
We heard just yesterday that the Ravens and Monroe were “deep in productive talks.” The Dolphins, once expected to be a strong suitor for Monroe, have seemingly opted to sign Branden Albert instead, and the Cardinals inked Jared Veldheer, freeing up Monroe to resume negotiations with the Ravens.
In earlier talks with the Ravens, at a time when a reunion seemed unlikely, Monroe was said to be seeking $10MM per season, while Baltimore was hoping to pay closer to $8-9MM annually. With Albert reportedly in line for a $10MM per year salary, it seems likely that the final figures on Monroe’s deal will end up closer to that amount than what the Ravens wanted to pay.