Sanders told the Fort Myers (Fla.) News-Press that he will make his official announcement in the next couple days. The Ravens want him to show up this week for offseason workouts and to have a physical. Sanders had toe surgery during the offseason; if he passes the physical, he will be able to sign the contract.
"I feel good," he told the Press-News. "I feel damn good."
The contract details have been worked out for Sanders' return and they are the same as last season. Sanders will have a $1.5 million base salary. If he plays the entire season as the nickel back, he can make up to $3 million. If he plays more, he can make $4 million.
Sanders, 37, didn't qualify for any of the incentives last season because the toe injury limited him to 21 percent of the Ravens' defensive snaps. But Sanders enjoyed the experience of playing with the Ravens and wanted to return.
"It was one of the funnest years that I've ever had," Sanders told the News-Press. "I played with a plethora of guys who were like my brothers."
Sanders told the Press-News that he isn't worried about what league observers have to say about his comeback from a three-year retirement.
"When you start to be afraid in life, you'll never be successful," he told the newspaper. "How can someone erase what's already written?"
Information from ESPN.com's John Clayton was used in this report.