Punch Costs Ray Rice Millions in Salary, Endorsements

The anger-fueled punch that Ray Rice delivered to his then-financee, Janay, has cost him tens of millions of dollars in salary and endorsement deals.

The Baltimore Ravens dropped Rice from the team and he was suspended from the NFL indefinitely after TMZ Sports released a video of the February domestic assault in Atlantic City in which his wife was knocked unconscious in an elevator. He has since been indicted and enrolled in a pretrial intervention program in New Jersey.

Forbes magazine says Rice was paid an annual salary of $24.2 million, and had endorsement deals worth $1.6 million a year.

The most high-profile deal the star running back had – and lost – was with Nike, which dropped Rice on Tuesday. EA Sports has booted Rice from its “Madden NFL 15” game, reports ESPN.

The jump training program VertiMax, which stood by Rice when he was initially charged with assault, said this summer it decided to cut ties with Rice.

In addition to Nike, Rice had endorsement deals with M&T Bank, Carbiz Autos, and Baltimore Gas and Electric Co., reports New York magazine.

Carbiz, a used-car dealership in Baltimore, told The Daily Beast that “there is no business relationship” between the company and Rice any longer.

Related:

• Baltimore Ravens Offer Ray Rice Jersey Exchange Next Week
• Bisciotti to Fans: ‘Seeing that Video Changed Everything’
• Janay Rice, Wife Of Ray Rice, Responds To ‘Horrible Nightmare’
• ‘I Have to Be Strong’: Ray Rice Speaks Out
  
• New Video of Ray Rice Shows What Happened Inside Elevator
• NFL Enacts Tougher Domestic Violence Penalties After Ray Rice Criticism
• Top New Jersey Lawmaker Calls for Probe into Rice Case
• Comments on Rice Controversy: ‘Highly Offensive,’ Credibility Lost
• Ray Rice Apologizes to Wife: ‘Angel’ Not at Fault
• Howard County Domestic Violence Victim Advocate Speaks Out on Rice Controversy
• ‘Disappointing’: Ravens React to Ray Rice Announcement
• Ray Rice: ‘I Won’t Call Myself a Failure’
• NFL Officials Make Decision on Ray Rice Suspension
• Rice Admitted to Pre-Trial Intervention Program
• Ray Rice Pleads Not Guilty, Deal Pending
• Day After Ray Rice Indicted on Assault Charge, He Weds Fiancée
• Baltimore Ravens Running Back Ray Rice Faces New Criminal Charge
• Ray Rice Arrested in Atlantic City