Rice could have received up to $3.52 million, which was the amount he would have earned had he played the remaining 14 games of the regular season after being suspended for two games.
“The Ravens agreed to resolve the grievance with Ray Rice. It’s time to turn the page and we’re moving forward,” team president Dick Cass said in a release on Friday.
Rice filed the grievance after the Ravens terminated his contract on Sept. 8, the same day that TMZ released a video showing Rice striking his then-fiancee in an Atlantic City casino elevator, knocking her unconscious.
Rice was charged with third-degree aggravated assault over the incident, but he avoided jail time by entering a pre-trial intervention program for first-time offenders. The NFL initially suspended Rice for two games for the incident after the first video surfaced last February, showing Rice dragging his now-wife out of the elevator.
An investigation headed by former FBI director Robert S. Mueller III found no evidence that the NFL had seen the videotape before it was publicly released, but it also determined that the league did not do enough to obtain the tape from law enforcement.
- Scooby Axson