Ricky Ray played in all but 1 of the 18 regular season games during the 2014 CFL season, however the Argos were unable to qualify for the postseason, finishing with a record of 8–10. Ray had one of his highest volume seasons as a passing quarterback in his career during the 2014 campaign. His 425 pass completions was the second highest of his career, trailing only his 2003 season with the Eskimos when he completed 479 passes. Ray attempted 620 passes over the course of the season, which was the 4th most attempts in his career, and the most since 2008. He racked up a league-leading 4,595 passing yards, which his most yards in a season since 2009.