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Ravens: Free agency snapshot

The SportsXchange

OWINGS MILLS, Md. -- Baltimore Ravens linebacker Terrell Suggs signed a multiyear contract extension on Monday, creating cashflow that could be put toward re-signed tight end Dennis Pitta.

The new deal is a four-year extension that will free up $4 million in salary-cap space for the Ravens.

Suggs will reportedly receive more than $20 million in the first three years, with $16 million guaranteed in the first two seasons.

"If you count the franchise tag, this is the fourth opportunity I've had to stay here," Suggs said in a press conference announcing the deal. "I'm truly honored. I'm flattered and honored to be a Raven for life."

The Ravens have limited cap space and several free agents they want to re-sign. Suggs' deal accommodates the Ravens by significantly reducing his $12.4 million salary. The new deal adds three years to the one year remaining.

"You can't ask for more as a player in my position, both sides willing to get a job done," Suggs said. "Any time a contract issue has come up with me, they've always stepped up to the plate. I'm truly grateful. I can't thank the city and the fans enough."

The Ravens should have enough money saved from Suggs' restructured deal to re-sign offensive tackle Eugene Monroe and use the franchise tag on tight end Dennis Pitta.

Suggs, 31, struggled in the second half of last season before finishing the year with 80 tackles and 10 sacks.

After being named NFL Defensive Player of the Year in 2011, Suggs missed half of 2012 with an Achilles' tendon tear and a torn biceps. He is the team's all-time leader with 94.5 sacks in 11 seasons.

It would cost the Ravens $6.7 million in salary and cap space under a one-year franchise tender for Pitta. It would also give the Ravens a negotiating deadline of July 15 to avoid having Pitta play the entire season under the franchise tag.

"The possibility of using the franchise tag is something that we might have to do," general manager Ozzie Newsome said.

Pitta proved that his hip is structurally sound in four games since returning from a dislocated, fractured hip suffered in July that required surgery. He caught 20 passes for 169 yards and a touchdown.

Ideally, the Ravens will retain Pitta.

"He still has his skills and the skill set to be a very productive receiver in this league," Newsome said. "Going forward, we would like to have Dennis on our football team. He plays winning football. He's a mismatch problem for defenses. We'd like to have him."

Last March, outside linebacker Paul Kruger signed a $40.5 million contract to join the Cleveland Browns and inside linebacker Dannell Ellerbe signed a $35 million deal with the Miami Dolphins.

"There are no guarantees," Newsome said. "One thing about this business. We wanted Kruger and Ellerbe back last year, and we weren't able to keep them."


--TE Dallas Clark

--NT Terrence Cody

--TE Ed Dickson

--CB Corey Graham

--DL Arthur Jones

--WR-KR Jacoby Jones

--SS James Ihedigbo

--S JeromyMiles

--LT Eugene Monroe

--RT Michael Oher

--TE Dennis Pitta

--RB Bernard Scott

--MLB Daryl Smith

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