Rice has been designated as the Ravens' franchise player at a cost of $7.742 million.
"I look forward to being there," Rice said when asked today about whether he'll attend offseason workouts.
Rice has been consistent in taking the high road when it comes to the negotiations, but sources emphasized that the versatile star runner has no plans to attend offseason workouts until a contract has been finalized.
Rice told reporters, "I think progress is being made, but I know things don't happen overnight," adding, "If they want to get a deal done, we'll get a deal done."
The Ravens have a history of getting contract extensions done with past franchise players, including defensive tackle Haloti Ngata, outside linebacker Terrell Suggs and cornerback Chris McAlister.
The Ravens have until July 15 to get a long-term deal done for Rice. Otherwise, he'll play under the franchise tag this season.
Rice rushed for a career-high 1,364 yards last season, setting a franchise single-season record with 15 total touchdowns.
Rice is a two-time Pro Bowl selection who finished last season with a career-high 2,068 yards from scrimmage to lead the NFL.
He also caught 76 passes for 704 yards and three touchdowns.
For his career, Rice has rushed for 4,377 yards and 24 touchdowns while catching 250 passes for 2,235 yards and five touchdowns.
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