Elam deal is done

[RavenScallywag]

Don't think we thought this was going to be a holdout, but Elam agreed to his deal today, via Baltimore Ravens twitter

Baltimore Ravens ‏@Ravens 8m
Matt Elam's rookie contract is a four-year deal with an option for a fifth year. http://rvns.co/1w

Aaron Wilson reports value:

Aaron Wilson ‏@RavensInsider 2m
Matt Elam contract is worth $6.767 million contract, including a $3.301 million signing bonus.

Good deal, let's roll!

[Losac]

Not really much drama here. All the rookie deals are slotted and basically pre-determined now.

[RavenScallywag]

Not really much drama here. All the rookie deals are slotted and basically pre-determined now.

yeah but Elam did wait until about 3 days before his report date to agree to terms. The 31st and 33rd picks have been done for a solid week and a half now.

I think the reason for the delay was he acted as his own agent. Harder to understand some of the process, take more time on decisions. Not a bad choice though, considering as you said "it's all pre-determined", so why pay a guy 3% to make a deal that's pre-determined?

[Rxdoxx]

why pay a guy 3% to make a deal that's pre-determined?

Truth

And it wasn't like he was swimming on his own, he does have a brother in the NFL (Abram -Sanchez trade piece) who has been through the process (undrafted and Cowboys, Jets Browns, Chiefs) so he had sufficient resources without having to hire one.

[GOTA]

Not really much drama here. All the rookie deals are slotted and basically pre-determined now.

There is a lot of drama in the upper half because of the guaranteed money. Many of the top picks are asking for and getting fully guaranteed contracts. We haven't seen it because we haven't picked there under the new CBA.

[ursula]

Did Elam get offset language into his contract?

[RavenScallywag]

Did Elam get offset language into his contract?

we probably won't see any of those details until it's signed, when rookies report. However, being a late round pick, I'd imagine there is no offset language. The main contracts where that comes into play are the top ones, because they are higher bonuses.

[B-more Ravor]

A few Cap details with Elam now signed:

Brian McFarland ‏@RavensSalaryCap 5h Terms of Matt Elam's deal should be a $6.767M deal 4 year deal, with a $3,301,456 SB and a '14 Cap # of $1,230,364

Brian McFarland ‏@RavensSalaryCap 5h With the last of their unsigned draft picks Matt Elam now signed, Ravens are $5,299,459 under the Salary Cap.

Brian McFarland ‏@RavensSalaryCap 4h Regarding the 5th yr option being reported in Elam's deal - its nothing special - its CBA-mandated & part of every contract for 1st rd picks

Brian McFarland ‏@RavensSalaryCap 3h With Matt Elam now signed, Ravens are $5,299,459 under the Cap. Full breakdown of Ravens Cap and Cap #'s --->>>> http://russellstreet...com/salary-cap/

Brian McFarland ‏@RavensSalaryCap 9 Jul (2/2) But that is the Ruleof51 Cap #. As of Week 1, all on 53, PUP, IR, PS will count against Cap. That will greatly eat into the $5,299,459

[GOTA]

According to PFT Elam acted as his own agent. I seem to remember his brother having issues with agents. I wonder if that's why Matt decided not to hire one.

[Captain Silver]

Agents are parasites.

[Ravenswintitle]

Given the predictability of his deal (to a point) it was a smart move to go without an agent for this first contract IMO

[BcRaven]

Good to see him signed. There are those who say "he can't replace Ed Reed." Nobody can replace the young Ed Reed, but Elam probably can play as well as, or better than, the Ed Reed of the last couple of years. That is enough for me... Bc