Ferrell's one-year deal is worth up to $2.5 million, with $1.82 million guaranteed and a $660,000 signing bonus. He will earn a $1.16 million base salary and a $40,000 per game active roster bonus.
The Raiders drafted the now-25-year-old Ferrell (6-4, 265) out of Clemson with the No. 4 overall pick in 2019. He has recorded 105 tackles, 15 tackles for a loss, 32 quarterback hits, 10 sacks, 11 passes defensed, and two forced fumbles in 58 game appearances (30 starts) through his four NFL seasons, all spent with the Raiders.