The Baltimore Ravens have locked down tight end Dennis Pitta with a five-year deal according to the Baltimore Sun’s Aaron Wilson, who cites league sources.
Ravens have reached a five-year deal with tight end Dennis Pitta, according to league sources
— Aaron Wilson (@AaronWilson_NFL) February 28, 2014
It isn’t all too surprising given the news we’ve heard about Pitta over the past few days and with the deadline for the franchise tag approaching. Earlier this week NFL Network’s Ian Rapoport tweeted out news that the sides were making progress towards a new deal.
#Ravens and TE Dennis Pitta are making progress to a new deal, per sources. Nothing imminent. Sides have until March 3 before he gets tagged
— Ian Rapoport (@RapSheet) February 24, 2014
As of right now the financial terms of the deal are unknown, as more details come out FanSided will keep you up to date. The franchise tag for a tight end would’ve paid Pitta $6.709 million, but Pitta could have filed a grievance to be considered a wide receiver, which would cause that number to jump to $11.5 million.
[UPDATE:]
It is in fact, almost spot on $6.5M average for Dennis Pitta. He gets $32M over 5 years
— Jason La Canfora (@JasonLaCanfora) February 28, 2014