Where do the Ravens rank in spending at each position after first wave of free agency?
The 2024 salary cap is set at $255.4 million.
The Ravens will look drastically different on both sides of the football field after undergoing massive changes in player personnel and the coaching staff.
Eric DeCosta started the off-season with urgency, signing Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore landed Derrick Henry for two years and $16 million.
The talented running back could earn $20 million throughout the deal.
However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.
The Ravens have $13,884,766 in available cap space, and they’re paying out over $113 million on the offensive side of the football.
With the second wave of free agency set to begin, we’re examining Baltimore’s positional spending ranking.
All figures are via OverTheCap.com and official NFLPA records.
Offense
Total spending: $112,631,765
NFL rank: 23rd
QB
Total spending: $34,467,500
NFL rank: 9th
The Ravens could look to restructure Jackson’s deal, but as of now, the MVP quarterback will carry a $32,400,000 cap hit.
RB
Total spending: $9,791,588
NFL rank: 10th
Baltimore added Derrick Henry on a two-year, $16 million deal, and he’ll carry a $5 million cap hit in 2024. Justice Hill is on the books for just over $2.9 million.
WR
Total spending: $15,332,344
NFL rank: 28th
With Odell Beckham off the books, Baltimore is 28th in spending at the wide receiver position.
Rashod Bateman will carry a $4,008,905 cap hit, while Zay Flowers is just over $3.1 million.
TE
Total spending: $19,974,915
NFL rank: 5th
Star tight end Mark Andrews will carry a $16,907,611 cap hit. The emerging Isaiah Likely only carries a $1,111,084 cap hit.
OL
Total spending: $33,065,418
NFL rank: 24th
Ronnie Stanley restructured his deal, but still carries a 17,050,603 cap hit. Patrick Mekari is a potential starter, and he carries a $6,350,000 cap hit.
DT
Total spending: $24,061,771
NFL rank: 15th
Justin Madubuike returned on a 4-year, $98 million deal, but will count just $11,000,000 against the cap.
Broderick Washington will Carry a $4,540,000 cap hit, while Michael Pierce has a hit just over $4 million.
Edge Rusher
Total spending: $7,656,783
NFL rank: 32nd
Odafe Oweh is on the books for $3,608,942, while David Ojabo carries a $2,157,034 cap hit.
LB
Total spending: $16,935,796
NFL rank: 12th
Patrick Queen departed, but Roquan Smith is on the books for $13,500,000. Second-year linebacker Trenton Simpson is next with $1,228,296.
CB
Total spending: $30,270,119
NFL rank: 6th
Marlon Humphrey is a potential restructure candidate, and carries a $22,877,800 cap hit. Brandon Stephens is on the books for just over 3,326,154.
S
Total spending: $24,141,206
NFL rank: 6th
Marcus Williams carries a $18,723,000 cap hit, while All-Pro Kyle Hamilton is a bargain at just $4,433,206.
