Ravens salary cap: Positional breakdowns and financial outlook ahead of NFL free agency

Here’s an early look at the Baltimore Ravens’ salary cap, positional breakdowns, and financial outlook ahead of 2024 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.

Ravens owe $8.3M in dead money after voiding four contracts

The Baltimore Ravens now owe $8.3 million in dead money after voiding four contracts and having those players enter Free Agency

With the Super Bowl in the rearview mirror, the Ravens and 31 other NFL teams will start financially retooling to advance to the 2024-25 postseason.

Joel Corry of CBS Sports recently looked inside at key offseason dates starting with the first week of the 2024 league year, which begins March 13.

Some dates will free up cap space for Baltimore, while others will force GM Eric DeCosta to make hard decisions.

Baltimore had a 4:00 PM EST deadline to extend six players to face dead salary cap hits, and only Nelson Agholor agreed to a new deal. 

At 4 p.m. Monday, the contracts of four pending free agents — right guard Kevin Zeitler, running back Gus Edwards, safety Geno Stone and cornerback Rock Ya-Sin — will void.

Void years are a way for teams to manipulate the salary cap by placing fake years on the end of a contract to defer cap charges to the future.

Odell Beckham Jr.’s one-year, $15 million contract was recently reworked to remove void years. That allows the Ravens to designate Beckham as a post-June 1 release if an extension is not reached by March 16.

Baltimore will now carry nearly $10 million in dead money on their 2024 salary cap since none of those five players were re-signed.

2024 NFL offseason: Key dates and Ravens contract options that’ll free up millions in cap space

We’re looking at key dates and contract options that’ll free up millions in cap space for the Baltimore Ravens ahead of 2024 NFL free agency

With the Super Bowl in the rearview mirror, the Ravens and 31 other NFL teams will start financially retooling to advance to the 2024-25 postseason.

Joel Corry of CBS Sports recently looked inside at key offseason dates starting with the first week of the 2024 league year, which begins March 13.

Some dates will free up cap space for Baltimore, while others will force GM Eric DeCosta to make hard decisions.

Here’s a look at the key dates and players impacted via Over The Cap. 

How can the Ravens maximize their cap space during 2024 NFL offseason?

We’re looking at the four ways the Baltimore Ravens can best maximize their cap space during the 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.

7 potential salary cap casualties for the Ravens in 2024

We’re looking at seven Baltimore Ravens who could be potential salary cap casualties ahead of the new league year and NFL free agency

The Baltimore Ravens’ has officially concluded with the Chiefs Super Bowl win, 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 seven potential pre-free agency casualties per the Over The Cap transaction table.

Early look at the 15 biggest salary cap hits for the Ravens in 2024

We’re looking at the Baltimore Ravens 15 biggest salary cap hits for the Baltimore Ravens in 2024

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, Baltimore is 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 or Marlon Humphrey.

Currently, the Ravens have 48 players under contract for the 2024 season.

Here’s a look at the 15 biggest cap hits via Over The Cap. 

6 moves the Ravens can make to create $51M in cap space for 2024

We’re looking at six moves the Baltimore Ravens can make to create $51 million in salary cap space for 2024

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, which is 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 six moves that can create $51 million in cap space per the Over The Cap transaction table.

These 48 Ravens are under contract for 2024

With the 2024 NFL offseason and free agency quickly approaching, we’re looking at the 48 players the Baltimore Ravens currently have under contract

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, Baltimore expected to have roughly $7,328,828 in cap space, via OverTheCap, which is 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/or Marlon Humphrey.

Right now, the Ravens have 48 players currently under contact for the 2024 season. Here’s a look at them, ranked by cap hit:

These 29 Ravens players are slated to be free agents in March

We’re taking an early look at 29 Baltimore Ravens who are slated to be 2024 NFL free agents in March

After last Sunday’s 17-10 loss to Kansas City in the AFC Championship, Baltimore faces an offseason of change after Mike Macdonald bolted for the Seahawks job, Anthony Weaver landed the Dolphins defensive coordinator job, and 29 players are set to be free agents, headlined by Patrick Queen and Justin Madubuike.

The Ravens are 20th in the NFL in cap space, with $7.3 million available, and there will be critical decisions regarding several vital contributors and two All-Pros.

With an urgent offseason set to begin, we’re looking at the 29 players testing some form of free agency via Over The Cap.

Ranking all 32 teams (including the Ravens) by cap space going into 2024

We’re ranking all 32 team NFL teams , including the Baltimore Ravens by salary cap space ahead of the 2024 offseason

The Ravens season ended shockingly, after last Sunday’s 17-10 loss to Kansas City in the AFC Championship.

With the defeat, Baltimore faces an offseason of change after Mike Macdonald bolted for the Seahawks job and 20+ free agents, headlined by Patrick Queen and Justin Madubuike.

With the season officially a wrap, we’re look at how all 32 teams rank regarding available cap space entering February.

All cap space figures are courtesy of Over The Cap and will be adjusted once all likely-to-be-earned and unlikely-to-be-earned incentives are adjusted.