Last week, our 2013 offseason preview was posted and it has raised questions about how exactly the Ravens are going to create enough Salary Cap space to use the franchise tag on QB Joe Flacco and/or do what is going to be necessary to address other areas of need.
One of the chief avenues for creating Cap space is the release or retirement of players. The chart below will help answer some of those questions.
If the Ravens intend to, or are forced to, use the Franchise Tag on QB Joe Flacco, they are going to need to create a substantial amount of Salary Cap space and it’s likely going to have to come from the players on the following chart. The 2013 Franchise Tag for Quarterbacks has been estimated to be in the $14-15M range.
The team could also decide to restructure a contract or two. Likely candidates for restructures would be Guard Marshall Yanda, Linebacker Terrell Suggs and Defensive Tackle Haloti Ngata.
NOTE: The above chart does not include the calculations for any post-June 1 Releases. Over the past couple of seasons, the Ravens have moved away from this practice and a post-June 1 release does not provide the team any Cap relief until after June 1st. If the team does end up using the Franchise Tag, they will need to create that Cap space in March, not June, so post-June 1 releases probably aren’t likely to happen (plus, they push more dead money onto the 2014 Salary Cap).