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THE BUSINESS OF RAVENS’ FOOTBALL

Salary Cap THE BUSINESS OF RAVENS’ FOOTBALL

Posted in Salary Cap

The news of the day for Ravens’ fans on Thursday was the team’s new deal with Restricted Free Agent Cornerback, Lardarius Webb.  Webb reportedly has signed a 5-year extension, which would keep him under contract to the Ravens for the next 6 years.  As the terms of the deal are starting to come out, Webb will receive a $10M bonus paid upon signing and a $5M option bonus in 2013.  Webb will make $18M over the first two years. 

Based on the media reports, it appears that Webb’s deal will be structured as follows: 

Year

Signing
Bonus

Option Bonus

Base
Salary

Cap
Charge

2012

10,000,000

615,000

2,615,000

2013

5,000,000

2,300,000

5,300,000

2014

7,500,000

10,500,000

2015

8,000,000

11,000,000

2016

8,000,000

11,000,000

2017

8,500,000

9,500,000

While the 2012 and 2013 Base Salaries have not yet been reported, this would be the typical structure for a Ravens’ contract.  If these numbers are accurate, this deal would provide a small bit of savings from Webb’s present 2012 Cap number of $2.742M.   

OTHER RECENT CONTRACTS:

Matt Birk:  Birk signed a 3-year, $8.5M contract that included a $2.1M signing bonus.

Birk’s Salary Cap charges will be as follows:

Year

Signing
Bonus

Base
Salary

Cap
Charge

2012

2,100,000

925,000

1,625,000

2013

2,750,000

3,450,000

2014

2,750,000

3,450,000

This deal is essentially a 1-year, $3M deal.  Next Spring, the team will likely release Birk and have to account for $1.4M in dead money.  They will be able to take the entire hit from that dead money in 2013 or could split it between 2013 and 2014, using a June 1 release.

Brendon Ayanbadejo:  Ayanbadejo signed a 3-year deal worth $3.22M that included a $400,000 signing bonus.

Ayanbadejo’s Salary Cap charges will be as follows:

Year

Signing
Bonus

Base
Salary

Cap
Charge

2012

400,000

925,000

1,058,333

2013

940,000

1,073,333

2014

955,000

1,088,334

Corey Graham: Graham signed a 2-year, $3.7M contract that included a $1.2 M signing bonus. Another $300,000 is available through playing-time incentives.

Graham’s Salary Cap charges will be as follows:

Year

Signing
Bonus

Base
Salary

Cap
Charge

2012

1,200,000

700,000

1,300,000

2013

1,800,000

2,400,000

Jameel McClain:  McClain signed a three-year, $10.5M deal that included a signing bonus of $3.6M.

McClain’s Salary Cap charges will be as follows:

Year

Signing
Bonus

Base
Salary

Cap
Charge

2012

3,600,00

700,000

1,900,000

2013

3,000,000

4,200,000

2014

3,200,000

4,400,000

PRESENT SALARY CAP STATUS

Based on the above project with regard to Webb’s 2012 base salary, the Ravens will be a tad below $1.9M under the Salary Cap. 

Link to Ravens Salary Cap Spreadsheet

 

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Brian McFarland

About Brian McFarland

Known on Ravens Message Boards as "B-more Ravor", Brian is a life-long Baltimorean and an avid fan of the Ravens and all Baltimore sports.  A PSL holder since 1998, Brian has garnered a reputation as a cap-guru because of his strange (actually warped) desire to wade through the intricacies of the NFL's salary cap and actually make sense of it for those of us who view it as inviting as IRS Tax Code.      Brian, who hails from Catonsville, MD and still resides there, is married and has two children. More from Brian McFarland

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