Report: Ravens settled Ray Rice's wrongful termination grievance for $1.588M

The Baltimore Ravens and running back Ray Rice settled the latter's wrongful termination grievance in January. At the time, terms of the settlement were not disclosed.

Aaron Wilson of The Baltimore Sun reports the two parties settled for $1.588 million. Rice was seeking back pay from his $3.529-million base salary.

Rice was reinstated from an indefinite suspension in November. He says he wants to resume his playing career but hasn't worked out for a team since his release by the Ravens.