Ravens resolve Ray Rice's grievance against club

The Baltimore Ravens and Ray Rice have settled the former running back's grievance against the club Friday.

Rice reportedly demanded $3.5 million in back pay from the club, alleging he was wrongfully terminated by the Ravens. 

Ravens team president Dick Cass released the following statement, via the team's official Twitter account:

"The #Ravens agreed to resolve the grievance with Ray Rice. It's time to turn the page, and we're moving forward.

"We wish Janay and Ray Rice the best."