Elam's negotiations was unique as he was representing himself since he never signed with an agent, even though, as the story states that the rookie's salaries are "slotted" by their draft order with minimal wriggle room.
Here is the team official Press Release on the breaking news:
RAVENS AND S MATT ELAM AGREE IN PRINCIPLE
The Baltimore Ravens and 2013 first-round draft choice S Matt Elam have agreed in principle to a four-year deal (which includes a fifth-year option), general manager and executive vice president Ozzie Newsome announcedmorning. Elam is expected to sign the contract when he reports for training camp on .
Elam, who was selected 32nd overall by the Ravens, is a 5-10, 210-pounder from the University of Florida. He played in 39 career games for the Gators, starting his final 26 contests at strong safety. Elam recorded 176 tackles (124 solo), including five sacks and 24 stops for loss. Posting six career interceptions (91 return yards), he added 13 passes defensed.
As a junior in his final collegiate season in 2012, Elam became only the second safety in school history to be named a first-team All-American (Reggie Nelson - 2006).