Baltimore 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 seemed to win the first wave of the free agency period after getting 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.
With the second wave of free agency set to begin, we’re looking at an updated ranking of salary cap figures for all 32 NFL teams.
All figures are via OverTheCap.com and official NFLPA records.
1. Washington Commanders
Feb 5, 2024; Ashburn, VA, USA; (L-R) Washington Commanders limited partner Mitch Rales, Commanders head coach Dan Quinn, Commanders majority owner Josh Harris, and Commanders limited partner Mark Ein pose for a picture at Quinn’s introductory press conference at Commanders Park. Mandatory Credit: Geoff Burke-USA TODAY Sports
$56,731,972
2. New England Patriots
Jan 17, 2024; Foxborough, MA, USA; New England Patriots head coach Jerod Mayo poses for a photo at a press conference held at Gillette Stadium to announce his hiring as head coach. Mandatory Credit: Eric Canha-USA TODAY Sports
$53,450,924
3. Tennessee Titans
Nov 2, 2023; Pittsburgh, Pennsylvania, USA; Tennessee Titans quarterback Will Levis (8) throws under pressure from the Pittsburgh Steelers defense during the first quarter at Acrisure Stadium. Mandatory Credit: Philip G. Pavely-USA TODAY Sports
$46,743,598
4. Los Angeles Chargers
Dec 10, 2023; Inglewood, California, USA; Los Angeles Chargers quarterback Justin Herbert (10) moves out to pass against the defense of Denver Broncos linebacker Jonathon Cooper (0) during the first half at SoFi Stadium. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports
$38,716,835
5. Philadelphia Eagles
Jan 15, 2024; Tampa, Florida, USA; Philadelphia Eagles quarterback Jalen Hurts (1) looks on during the first half of a 2024 NFC wild card game against the Tampa Bay Buccaneers at Raymond James Stadium. Mandatory Credit: Nathan Ray Seebeck-USA TODAY Sports
$35,860,207
6. Cincinnati Bengals
Cincinnati Bengals quarterback Joe Burrow (9) eyes Cincinnati Bengals wide receiver Ja’Marr Chase (1) while he runs a route in the fourth quarter during a Week 9 NFL football game between the Buffalo Bills and the Cincinnati Bengals, Sunday, Nov. 5, 2023, at Paycor Stadium in Cincinnati.
$30,929,655
7. Arizona Cardinals
Dec 31, 2023; Philadelphia, Pennsylvania, USA; Arizona Cardinals quarterback Kyler Murray (1) snaps the ball Philadelphia Eagles during the first quarter at Lincoln Financial Field. Mandatory Credit: Bill Streicher-USA TODAY Sports
$29,968,389
8. Las Vegas Raiders
Dec 25, 2023; Kansas City, Missouri, USA; Las Vegas Raiders interim head coach Antonio Pierce talks to media against the Kansas City Chiefs after the game at GEHA Field at Arrowhead Stadium. Mandatory Credit: Denny Medley-USA TODAY Sports
$28,345,943
9. Chicago Bears
CHICAGO, ILLINOIS – SEPTEMBER 25: A detail of the Chicago Bears helmet pregame at Soldier Field on September 25, 2022 in Chicago, Illinois. (Photo by Michael Reaves/Getty Images)
$28,313,905
10. Detroit Lions
Detroit Lions quarterback Jared Goff scrambles during a play against the Minnesota Vikings at Ford Field in Detroit on Sunday, Jan. 7, 2024.
$27,382,162
11. Green Bay Packers
Los Angeles Chargers linebacker Eric Kendricks (6) rushes Green Bay Packers quarterback Jordan Love (10) on Sunday, November 19, 2023, at Lambeau Field in Green Bay, Wis.Tork Mason/USA TODAY NETWORK-Wisconsin
$24,554,045
12. Los Angeles Rams
Dec 17, 2023; Inglewood, California, USA; Los Angeles Rams quarterback Matthew Stafford (9) drops back to pass against the Washington Commanders during the second half at SoFi Stadium. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports
$23,549,184
13. Denver Broncos
Nov 27, 2022; Charlotte, North Carolina, USA; Denver Broncos helmet before the game at Bank of America Stadium. Mandatory Credit: Bob Donnan-USA TODAY Sports
$22,558,779
14. Indianapolis Colts
INDIANAPOLIS, INDIANA – OCTOBER 01: Anthony Richardson #5 of the Indianapolis Colts scramble on a two-point conversion during the third quarter against the Los Angeles Rams at Lucas Oil Stadium on October 01, 2023 in Indianapolis, Indiana. (Photo by Justin Casterline/Getty Images)
$22,434,796
15. New York Jets
Dec 17, 2023; Miami Gardens, Florida, USA; New York Jets quarterback Aaron Rodgers (8) looks on from the sideline against the Miami Dolphins during the fourth quarter at Hard Rock Stadium. Mandatory Credit: Sam Navarro-USA TODAY Sports
$20,425,588
16. New Orleans Saints
NEW ORLEANS, LOUISIANA – DECEMBER 17: Derek Carr #4 of the New Orleans Saints throws during the first half of the game against the New York Giants at Caesars Superdome on December 17, 2023 in New Orleans, Louisiana. (Photo by Chris Graythen/Getty Images)
$18,637,058
17. Seattle Seahawks
RENTON, WASHINGTON – FEBRUARY 01: John Schneider, general manager of the Seattle Seahawks, poses with Mike Macdonald as Macdonald is announced as the new Seattle Seahawks head coach at Virginia Mason Athletic Center on February 01, 2024 in Renton, Washington. (Photo by Steph Chambers/Getty Images)
$16,235,651
18. Jacksonville Jaguars
Jacksonville Jaguars quarterback Trevor Lawrence (16) throws against the Tennessee Titans during their game at Nissan Stadium in Nashville, Tenn., Sunday, Jan. 7, 2024.
$16,145,413
19. Houston Texans
Houston Texans quarterback C.J. Stroud (7) throws the ball against the Tennessee Titans during the second quarter at NRG Stadium in Houston, Texas., Sunday, Dec. 31, 2023.
$15,690,078
20. Pittsburgh Steelers
Dec 7, 2023; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers head coach Mike Tomlin looks out on the field as quarterback Mitch Trubisky (10) and cornerback Darius Rush (21) leave the field against the New England Patriots at Acrisure Stadium. The Patriots won 21-18. . Mandatory Credit: Philip G. Pavely-USA TODAY Sports
$15,652,407
21. Carolina Panthers
Jan 7, 2024; Charlotte, North Carolina, USA; Carolina Panthers quarterback Bryce Young (9) scrambles in the third quarter at Bank of America Stadium. Mandatory Credit: Bob Donnan-USA TODAY Sports
$14,999,959
22. Kansas City Chiefs
Dec 10, 2023; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) throws a pass as Buffalo Bills defensive end Leonard Floyd (56) defends during the second half at GEHA Field at Arrowhead Stadium. Mandatory Credit: Jay Biggerstaff-USA TODAY Sports
$14,879,861
23. Minnesota Vikings
Jan 1, 2023; Green Bay, Wisconsin, USA; A Minnesota Vikings helmet sits on the field during warmups prior to the game against the Green Bay Packers at Lambeau Field. Mandatory Credit: Jeff Hanisch-USA TODAY Sports
$14,326,594
24. Baltimore Ravens
SANTA CLARA, CALIFORNIA – DECEMBER 25: Lamar Jackson #8 of the Baltimore Ravens attempts a pass during the third quarter against the San Francisco 49ers at Levi’s Stadium on December 25, 2023 in Santa Clara, California. (Photo by Thearon W. Henderson/Getty Images)
$14,074,766
25. San Francisco 49ers
Dec 31, 2023; Landover, Maryland, USA; San Francisco 49ers quarterback Brock Purdy (13) at the line of scrimmage against the Washington Commanders during the second half at FedExField. Mandatory Credit: Brad Mills-USA TODAY Sports
$13,368,665
26. Tampa Bay Buccaneers
Jan 15, 2024; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Baker Mayfield (6) runs with the ball against the Philadelphia Eagles during the first half of a 2024 NFC wild card game at Raymond James Stadium. Mandatory Credit: Kim Klement Neitzel-USA TODAY Sports
$9,390,943
27. Dallas Cowboys
Dec 24, 2023; Miami Gardens, Florida, USA; Dallas Cowboys quarterback Dak Prescott (4) throws the football against the Miami Dolphins during the fourth quarter at Hard Rock Stadium. Mandatory Credit: Sam Navarro-USA TODAY Sports
$8,237,812
28. Buffalo Bills
Jan 7, 2024; Miami Gardens, Florida, USA; Buffalo Bills quarterback Josh Allen (17) drops back to pass against the Miami Dolphins during the second half at Hard Rock Stadium. Mandatory Credit: Jim Rassol-USA TODAY Sports
$7,477,440
29. New York Giants
PHILADELPHIA, PENNSYLVANIA – JANUARY 08: Head coach Brian Daboll of the New York Giants looks on during the second quarter against the Philadelphia Eagles at Lincoln Financial Field on January 08, 2023 in Philadelphia, Pennsylvania. (Photo by Mitchell Leff/Getty Images)
$6,470,599
30. Cleveland Browns
PHILADELPHIA, PENNSYLVANIA – AUGUST 17: Deshaun Watson #4 of the Cleveland Browns looks on before a preseason against the Philadelphia Eagles at Lincoln Financial Field on August 17, 2023 in Philadelphia, Pennsylvania. (Photo by Tim Nwachukwu/Getty Images)
$5,922,609
31. Atlanta Falcons
Dec 18, 2022; New Orleans, Louisiana, USA; General view of a Atlanta Falcons helmet during warm ups against the New Orleans Saints at Caesars Superdome. Mandatory Credit: Stephen Lew-USA TODAY Sports
$3,435,642
32. Miami Dolphins
Aug 17, 2022; Miami Gardens, Florida, US; A general view of a Miami Dolphins helmet on the field during practice at Baptist Health Training Complex. Mandatory Credit: Jasen Vinlove-USA TODAY Sports
$2,861,375
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