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The terms of Will Hill's deal

The Ravens locked up Will Hill III on a two year deal yesterday, keeping him in Ravens purple for an extra year. The terms of the deal have now been made public:

2-year deal on #Ravens S Will Hill is worth $7M total, plus another $400K in P/T incentives. Keeps him thru '16 season. Got $2.84M guarantee

— Jason Cole (@JasonColeBR) August 28, 2015

So instead of playing the 2015 season on the $1.542 million tender, Hill received $3.5 million average salary for the next 2 seasons. This gives the Ravens an additional year to evaluate Hill and make a decision on a long term deal.