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I think it's actually more than that.He left over $500k
The Saints offered a 4 year, $17 million contract, and the Ravens offered a 3 year, $15 million contract. The biggest difference between the offers was the guaranteed money - Saints offered to guarantee $5 million and the Ravens offered $6.5 million in guarantees. He also wound up getting a $4 million signing bonus, and I don't know if that was on the table with the Saints or not.
I still think the two sides could've worked it out through negotiations, but it sounds like Mark's agent shot for the moon with the Saints and the Saints decided to act quickly to sign Latavius instead of negotiating with Mark, and possibly missing on both of them.