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USA Today Sports Media Group
USA Today Sports Media Group
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glenn erby

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

Jan 28, 2024; Baltimore, Maryland, USA; Baltimore Ravens quarterback Lamar Jackson (8) prepares to throw the ball during the second half against the Kansas City Chiefs in the AFC Championship football game at M&T Bank Stadium. Mandatory Credit: Geoff Burke-USA TODAY Sports

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

Jan 20, 2024; Baltimore, MD, USA; Baltimore Ravens running back Justice Hill (43) runs the ball against the Houston Texans during the second quarter of a 2024 AFC divisional round game at M&T Bank Stadium. Mandatory Credit: Tommy Gilligan-USA TODAY Sports

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

Jan 28, 2024; Baltimore, Maryland, USA; Baltimore Ravens wide receiver Zay Flowers (4) celebrates after scoring a touchdown against the Kansas City Chiefs during the first half in the AFC Championship football game at M&T Bank Stadium. Mandatory Credit: Geoff Burke-USA TODAY Sports

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, MARYLAND – JANUARY 28: Mark Andrews #89 of the Baltimore Ravens reacts during the first quarter against the Kansas City Chiefs in the AFC Championship Game at M&T Bank Stadium on January 28, 2024 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)

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, MARYLAND – NOVEMBER 05: Gus Edwards #35 of the Baltimore Ravens celebrates a touchdown with Ronnie Stanley #79 during the second quarter in the game against the Seattle Seahawks at M&T Bank Stadium on November 05, 2023 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)

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

BALTIMORE, MARYLAND – JANUARY 06: Broderick Washington #96 of the Baltimore Ravens celebrates after recovering a fumble in the second quarter of a game against the Pittsburgh Steelers at M&T Bank Stadium on January 06, 2024 in Baltimore, Maryland. (Photo by Rob Carr/Getty Images)

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

Jan 20, 2024; Baltimore, MD, USA; Houston Texans wide receiver Nico Collins (12) runs the ball against Baltimore Ravens safety Geno Stone (26) and linebacker Odafe Oweh (99) during the first quarter of a 2024 AFC divisional round game at M&T Bank Stadium. Mandatory Credit: Tommy Gilligan-USA TODAY Sports

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, MARYLAND – JANUARY 28: Roquan Smith #0 of the Baltimore Ravens reacts during the first quarter against the Kansas City Chiefs in the AFC Championship Game at M&T Bank Stadium on January 28, 2024 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)

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

Jan 20, 2024; Baltimore, MD, USA; Houston Texans wide receiver Nico Collins (12) runs the ball against Baltimore Ravens safety Geno Stone (26) and safety Marcus Williams (32) and safety Kyle Hamilton (14) during the first quarter of a 2024 AFC divisional round game at M&T Bank Stadium. Mandatory Credit: Mitch Stringer-USA TODAY Sports

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

Jacksonville Jaguars wide receiver Parker Washington (11) catches a pass against Baltimore Ravens cornerback Marlon Humphrey (44) during the second quarter of a regular season NFL football matchup Sunday, Dec. 17, 2023 at EverBank Stadium in Jacksonville, Fla. The Baltimore Ravens defeated the Jacksonville Jaguars 23-7. [Corey Perrine/Florida Times-Union]

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.

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