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Ravens, Webb agree to five-year, $50 million extension

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The Baltimore Ravens agreed to terms on Thursday with cornerback Lardarius Webb on a five-year, $50 million contract extension according to Jamison Hensley of ESPN.com.

The deal includes a $10 million signing bonus and a $5 million option, and the extension will begin after the 2012 season.

Webb, 26, will make $18 million in the first two years of the deal, $25.5 million in the first three years, $33.5 million in the first four years, and $41.5 million over five years and $50 million over the entire length of the deal, according to Aaron Wilson of The Carroll County Times.

In addition, the extension includes base salaries of $7.5 million in 2013, $8 million in 2014 and $8.5 million in 2015, according to Wilson. With the extension, his cap number lowered from $2.72 million to $2.61 million in 2012.

In 2011, his first full season as a starter, Webb recorded a career-best 68 tackles, 20 pass deflections and led the team with five interceptions, tied for third-most in the AFC. He also set a franchise record for most interceptions in the postseason with three.

A former third-round pick out of Nicholls State, Webb’s season was highlighted by a 73-yard interception return for a touchdown against the New York Jets, a 68-yard punt return for a touchdown against the Cleveland Browns and two interceptions in the team’s AFC divisional-round victory over the Houston Texans.

Now with Webb’s deal out of the way, the Ravens can turn their attention towards getting long-term deals done with quarterback Joe Flacco and running back Ray Rice.