Bell will play the 2014 season under his RFA tender and then will have a two-year extension follow. The two years will be worth $7 million with the next three years a combined $9.3 million.
Bell is regarded as one of the NFL's top backup running backs with starting potential. Playing behind Reggie Bush, Bell carried the ball 166 times for 650 rushing yards and eight touchdowns.
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Aaron Wilson covers the Ravens for The Baltimore Sun.