The value of the deal is reportedly for $50 million, with $20 million in guaranteed money.
Webb may just have been the best of the bunch, although teams shied away from offering him a contract due in part to the fact that landing him would have cost the team a first-round draft choice, as he was a first round-tendered, restricted free agent.
Baltimore GM Ozzie Newsome offered this about the deal:
Lardarius is an important player for the Ravens and we’re very happy he will be with us for a long time. We have a good history of completing second contracts for targeted players we want to keep for the long haul. We did that recently with Jameel McClain, just like we did with Haloti (Ngata), ‘Sizzle,’ (Terrell Suggs), ‘J.J.’ (Jarret Johnson), Marshal (Yanda) – and many more through the years.
Originally a 2009 third-round pick, Webb became a full-time starter in Baltimore in 2011 and blossomed into one of the elite young cornerbacks in all of football. He has career totals of 153 tackles and seven interceptions.
Keeping Webb and running back Ray Rice were priorities for Newsome this offseason, and Thursday's contract ensures that at least Webb will be on the roster for 2012. Rice, despite being franchised by the team earlier this offseason, has yet to sign his tender.