Ray has done nothing but perform under his existing contract. Lots of folks don't like him, but it would be difficult to overestimate his value in the stadium (even when he's hurt, he's still working it).
I think the number of renegotiations has a bit to do with the salary cap. Lots of deals get restructured. The ravens (iirc) may have brought this up before Ray did.
This is IMHO nothing like the latest TO soap opera.
Look, this greedy piece of crap needs to get on his hands and knees and be grateful his butt isn't wearing prison garb right about now. You think he'd earn anything close to 50 mil working in a prison canteen?
Good for him. And when his contract runs out he can get a better one.