The Ravens today announced that they have agreed in principle to a four-year deal with first-round draft pick Matt Elam. The deal finalizes agreements with the team’s 10-man draft class.

It will become official when Elam, a safety out of Florida who was selected with the 32nd and final pick of the first round, reports to training camp and signs the contract. The deal, which includes a fifth-year option, will be worth $6.767 million. It will also include a $3.3 million signing bonus. He will have a salary cap figure of $1.23 million in the first year of the deal.

Elam told The Sun at the mandatory minicamp in mid-June that there was just contract language to review and he expected to sign a deal shortly. He didn't sign an agent to negotiate the deal, instead relying on advice from his brother Abram - a long-time NFL cornerback - and several advisors.

With the deal now behind him, Elam will come to training camp next month as the favorite to win a starting safety job opposite Michael Huff. The Ravens lost both their starting safeties – Ed Reed and Bernard Pollard – from last year’s Super Bowl-winning team.

In three seasons at Florida, Elam, 21, played in 39 games and started 26 of them, finishing his Gators career with 176 tackles, five sacks, two forced fumbles, one fumble recovery, 13 passes defended and six interceptions.

At 5 feet 10 and 210 pounds, Elam was a first-team All-American and All-Southeastern Conference last season and one of the key reasons the Gators finished second in the nation in pass efficiency.