http://msn.foxsports.com/story/3119658
Jonathan Ogden, an All-Pro offensive tackle for the past four seasons, has agreed in principle to a new six-year contract with the Baltimore Ravens worth an inflated $50 million, a league source said.
Ogden, who is currently in his ninth pro season, most likely will earn $34 million over the next four seasons, or $8.5 million a season, tops in the NFL.
The deal should allow the seven-time Pro Bowler to finish his career with the Ravens.
"I'm just glad it's done," Ogden said after signing the deal late Thursday afternoon, according to the Ravens' Web site. "I don't have to think about it anymore, not that I was overly concerned about it before, but now, it's off my mind."
The Ravens faced a $17.3 million salary cap number on Ogden for next season, consequently it was in the club's best interest to strike a new deal with the game's most-dominant offensive lineman. Ogden, the fourth player chosen in the 1996 draft out of UCLA, was named to the all-rookie team in his first season. He has been a Pro Bowl selection for seven consecutive years.
If a new contract wasn't afforded Ogden, there was a chance the Ravens might have allowed him to become an unrestricted free-agent. However, Ogden preferred to finish his career with the Ravens.
Ogden is the second Ravens stalwart to sign a long-term deal this season. Cornerback Chris McAlister signed a seven-year contract earlier this month, and the team now has all eight of its 2003 Pro Bowlers signed through 2005.
"I think there's been a commitment within the organization over the last two years to retain our players," said Ravens general manager Ozzie Newsome. "Getting J.O. is just another sign of us trying to do that."
The Associated Press contributed to this report.