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, 2015So 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. The Ravens had $8,770,466 of cap room with Hill on his tender, so this deal probably takes some off that total with the…