OWINGS MILLS — Newly-minted Baltimore Ravens wide receiver and kick returner Jacoby Jones’ two-year, $7 million maximum value contract includes a $1.8 million signing bonus.
His base salaries are $700,000 this year and $3 million in 2013 with corresponding salary-cap figures of $1.6 million and $4.9 million.
He’s due a $1 million roster bonus next year.
Jones’ contract includes an escalator clause next year.
Including Jones’ deal, the Ravens are now $1.12 million under the NFL salary-cap limit.
The Ravens used 100 percent of their rookie salary pool of $4.318 million, spending a total of $22.78 million for their eight rookie draft picks.
The most they could have spent over the course of the deals was $23.749 million, saving $880,184 over the next four years.
The total compensation for the rookies: second-round linebacker Courtney Upshaw ($5.296 million), second-round offensive lineman Kelechi Osemele ($3.345 million), third-round running back Bernard Pierce ($2.655 million), fourth-round center-guard Gino Gradkowski ($2.584 million), fourth-round safety Christian Thompson ($2.4 million), fifth-round cornerback Asa Jackson ($2.224 million), sixth-round wide receiver Tommy Streeter ($2.194 million) and seventh-round defensive tackle DeAngelo Tyson ($2.147 million).
NOTE: The Ravens cut rookie fullback Chad Diehl, a free agent from Clemson signed prior to their rookie minicamp