McKinnie owes the New York-based company more than $4.5 million for loans he took out to cover costs during the
"We don't talk about players' finances," Ravens senior vice president Kevin Byrne said.
Attempts to reach lawyers representing McKinnie and Pro Player Funding were unsuccessful.
According to the agreement, Pro Player Funding will take no other action to collect the debt as long as McKinnie's wages from the Ravens are garnished.
McKinnie missed the first three days of training camp this year, incurring a fine of $90,000. At first his absence was attributed to a personal matter; he has since said a back injury kept him from the field.