How can the Ravens maximize their cap space during 2024 NFL offseason?
The Baltimore Ravens have concluded their 2023 season, and the focus now shifts to what’s shaping up to be a franchise-altering offseason for general manager Eric DeCosta.
Where things currently stand, the Ravens are expected to have roughly $7,328,828 in cap space via OverTheCap, the 20th most in the NFL.
That number could grow if the team opts to part ways with some expensive contracts (perhaps Ronnie Stanley and Marlon Humphrey.
The Ravens have 48 players currently under contract for the 2024 season; we’re looking at four ways Baltimore can best maximize their space per the Over The Cap transaction table.
Restructures
Restructures are an easy way to create cap space in the short term but can have long-term ramifications on your salary cap.
POS | Player | 2024 Cap Hit | Cap Savings |
QB | Lamar Jackson | $32,400,000 | $11,100,000 |
CB | Marlon Humphrey | $22,877,800 | $7,905,000 |
S | Marcus Williams | $18,723,000 | $7,193,333 |
OL | Ronnie Stanley | $26,168,250 | $6,895,000 |
TE | Mark Andrews | $16,907,611 | $4,937,500 |
LB | Roquan Smith | $13,500,000 | $3,656,250 |
K | Justin Tucker | $5,800,000 | $1,717,500 |
Extensions
Extensions are the best way to create cap space, as they benefit both the team and the player.
POS | Player | 2024 cap hit | cap savings |
QB | Lamar Jackson | $32,400,000 | $11,100,000 |
OL | Ronnie Stanley | $26,168,250 | $11,032,000 |
S | Marcus Williams | $18,723,000 | $8,632,000 |
CB | Marlon Humphrey | $22,877,800 | $8,432,000 |
TE | Mark Andrews | $16,907,611 | $7,900,000 |
LB | Roquan Smith | $13,500,000 | $3,900,000 |
LB | Tyus Bowser | $7,500,000 | $3,500,000 |
OL | Morgan Moses | $6,960,000 | $3,432,000 |
OL | Patrick Mekari | $6,350,000 | $2,580,000 |
Cuts (pre-June 1)
Pre-June 1 cuts are most costly because they incur more dead money.
POS | Player | 2024 cap hit | cap savings | dead money |
OL | Ronnie Stanley | $26,168,250 | $8,331,750 | $17,836,500 |
LB | Tyus Bowser | $7,500,000 | $5,500,000 | $2,000,000 |
OL | Morgan Moses | $6,960,000 | $5,500,000 | $1,460,000 |
TE | Mark Andrews | $16,907,611 | $5,092,385 | $11,815,226 |
OL | Patrick Mekari | $6,350,000 | $4,350,000 | $2,000,000 |
FB | Patrick Ricard | $5,155,000 | $4,000,000 | $1,155,000 |
RB | Justice Hill | $2,970,588 | $2,470,588 | $500,000 |
OL | Ben Cleveland | $1,500,460 | $1,284,000 | $216,460 |
Cuts (post-June 1)
This is the ideal time to cut players as it minimizes their dad cap totals.
POS | Player | 2024 cap hit | cap savings | dead cap |
OL | Ronnie Stanley | $26,168,250 | $15,000,000 | $11,168,250 |
CB | Marlon Humphrey | $22,877,800 | $11,750,000 | $11,127,800 |
TE | Mark Andrews | $16,907,611 | $11,000,000 | $5,907,611 |
S | Marcus Williams | $18,723,000 | $7,000,000 | $11,723,000 |
LB | Tyus Bowser | $7,500,000 | $5,500,000 | $2,000,000 |
OL | Morgan Moses | $6,960,000 | $5,500,000 | $1,460,000 |
Cap hits for every Ravens player in 2024
Ravens 2024 player cap hits
2024 Strength of schedule
2024 cap space totals each team
These 48 Ravens are under contract for 2024 https://t.co/7CG8bRcGbp pic.twitter.com/iEUT0l8dO9
— The Ravens Wire (@TheRavensWire) February 6, 2024
