The 2023 NFL season is underway, and after a tense offseason, all is well in Baltimore after Lamar Jackson signed a 5-year, $260 million contract extension.
The league salary cap is expected to exceed $224 million in 2023, according to NFL Network’s Ian Rapoport.
Where things currently stand, the Ravens are nearly $3 million over the salary cap and need to make a move by tonight.
The Ravens are presently a little over $2M OVER the Cap. They will need to be under the Cap by midnight tonight. They likely have already done so, but they will need to restructure a contract or two to get under the Cap & create some Cap cushion for injuries & PS elevations. pic.twitter.com/FUpOntLIi2
— Brian McFarland (@RavensSalaryCap) September 6, 2023
Baltimore is set to have 24 pending free agents, and with another likely retool schedule on defense, the organization could conjure up a scheme for more flexibility.
According to Over the Cap’s potential transaction chart, the Ravens can easily create $20 million in cap space by making these five moves.