Ravens salary cap: Positional breakdowns and financial outlook ahead of NFL free agency
The Ravens voided four contracts on Monday, accruing $8.3 million in a dead salary cap hit.
Baltimore will enter the 2024 NFL free agency with urgent decisions to make on Justin Madubuike, Patrick Queen, and 20+ other unrestricted free agents.
The Ravens have about $5 million in salary cap space and the No. 30 overall pick in April’s NFL draft courtesy.
With the new league year quickly approaching, we’re looking at Baltimore’s salary cap, with a positional breakdown and financial outlook before free agency.
QB--$33.3M positional spending in 2024
Lamar Jackson will start the second year of a five-year, $260 million contract he signed with the Baltimore Ravens in May 2023. $185 million is guaranteed, of which $135 million is fully guaranteed at signing.
The 2023 MVP will enter 2024 looking to finally accomplish a vital team goal after leading the Ravens to the AFC title game.
With Tyler Huntley and Josh Johnson both unrestricted free agents, former Louisville star Malik Cunningham is the only other QB on the books at $915,000 this season.
RB -- $4,686,588 positional spending in 2024
Counting fullback Patrick Ricard, the Ravens only have two running backs under contract, with Justice Hill and Keaton Mitchell on the books.
Mitchell is rehabbing a torn ACL and will work to be ready for the season opener, while Hill will watch and see if Baltimore pursues a Derrick Henry or Saquon Barkley in free agency or another talent in the draft.
WR--$14,865,344 positional spending in 2024
The Ravens wide receiver coprs is 25th in salary for 2024, with only Tylan Wallace, Zay Flowers, Rashod Bateman and Nelson Agholor currently under contract.
Flowers is a stud after leading Baltimore in receiving as a rookie, while Bateman is looking for his breakout season.
TE--$19,974,915 positional spending in 2024
Baltimore has the fifth most salary dedicated to the tight end position, and Mark Andrews will carry the load with a $16,907,611 cap hit.
The emerging Isaiah Likely is on the books for $1,111,084, while Charlie Kolar is inked for $1,161,220 in 2024.
OL--$49,263,065 positional spending in 2024
Baltimore is middle of the pack in salary allocated to the offensive line, and the Ravens could move on from Ronnie Stanley and Morgan Moses.
Stanley carries a $26,168,250 cap hit, while Morgan Moses and Patrick Mekari are on the books for $6 million each.
DT--$11,909,271 positional spending in 2024
With Justin Madubuike enter the free agency, Baltimore is among the bottom of the pack in salary at the defensive tackle spot.
Broderick Washington owns the highest salary at $4,540,000, while Michael Pierce’s new deal puts him over $4 million per season.
Edge rusher--$15,156,783 positional spending in 2024
Baltimore is middle of the pack in edge rusher salary with Odafe Oweh on the books for $3,608,942.
David Ojabo and second year pass rusher Tavius Robinson returns.
LB--$15,643,296 positional spending in 2024
Baltimore has the 11th most money allocated to the linebacker position, with Roquan Smith on the books for $13,500,000 in 2024.
Tyus Bowser is on the books for $7.5 million, while Trenton Simpson is the next highest paid linebacker on the roster. $1,228,296
S--$23,156,206 positional spending in 2024
Baltimore has the seventh highest salary allocated to the safety position with Marcus Williams among the league leaders at $18,723,000 in 2024.
All-Pro Kyle Hamilton is on the books for $4,433,206.
CB--$28,362,619 positional spending in 2024
The Ravens have allocated the fifth most amount to the cornerback spot, with Marlon Humphrey counting $22,877,800 in 2024.
Brandon Stephens had a Pro Bowl caliber season in 2023, and is on the books for $1,418,654.
