A rolling bearing assembly including an elastomeric seal arranged at least partially within a circumferentially extending groove of a bearing ring is provided. The elastomeric seal is arranged between the radially inner ring and the radially outer ring. The elastomeric seal includes a radially outer end engaged within a first circumferentially extending groove of the radially outer ring, and a radially inner end extending radially inwardly towards the radially inner ring and arranged at least partially within the second circumferentially extending groove of the radially inner ring. Clearance is provided between the radially inner end of the elastomeric seal and the second circumferentially extending groove of the radially inner ring.