Details for the exchange program have not been announced.
The Ravens released Rice on Monday after TMZ released surveillance footage of him hitting his then-fiancée in an Atlantic City hotel elevator. NFL commissioner Roger Goodell suspended Rice indefinitely hours after the video was made public.
On Tuesday, the Associated Press said it viewed a longer video, which included spitting and obscenities.
In a statement released Monday night, President Barack Obama said "hitting a woman is not something a real man does" in response to seeing the elevator video.
- Paul Palladino