Cap Update: Forsett, Others Re-Sign

Salary Cap Cap Update: Forsett, Others Re-Sign

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PRESENT CAP SPACE: While we still don’t have concrete numbers on Lardarius Webb’s contract restructure or the full terms of Lawrence Guy’s new deal, it’s fair to estimate that the Ravens are somewhere around $8-10M under the Cap, with all of the following contracts now taken into account.

NEW CONTRACTS: While all of the details on the new contracts have yet to be reported, we do know most of them:

Anthony Levine: Signed a 2-year deal worth $2.4M, with a $400K signing bonus and playing time incentives.

His contract breaks down as follows:

Screen Shot 2015-03-20 at 2.50.15 PM

Christo Bilukidi: Signed a 2-year deal worth $1.5M, with a signing bonus of $80K.

His contract breaks down as follows:

Screen Shot 2015-03-20 at 2.50.27 PM

Morgan Cox: Signed a 1-year deal worth $825K, with a signing bonus of $80K. Under Minimum Salary Benefit rules, base salary of $745K counts as $585K against the Cap.

His contract breaks down as follows:

Screen Shot 2015-03-20 at 2.50.39 PM

Kendrick Lewis: Signed a 3-year deal worth $5.4M, with a signing bonus of $1.4M.

His contract breaks down as follows:

Screen Shot 2015-03-20 at 2.50.49 PM

Chris Canty: Signed a 2-year deal worth $4.65M, with a signing bonus of $1.5M. Deal also includes a $150K team option for 2016.

His contract breaks down as follows:

Screen Shot 2015-03-20 at 2.51.05 PM

Justin Forsett: Signed a 3-year, with a base value of $9M and a max value of $10.5M. Deal includes a signing bonus of $2.1M and yearly $500K rush yards incentives. Base salary of $900K in 2015 is guaranteed.

His contract breaks down as follows:

Screen Shot 2015-03-20 at 2.51.16 PM

Lawrence Guy: Signed a 2-year deal worth $2.3M, with a signing bonus of $500K. Other terms are still to be announced.

His contract breaks down as follows:

Screen Shot 2015-03-20 at 2.51.28 PM

ANOTHER CAP DEDUCTION COMING?

While it has yet to be applied, the Ravens are likely to take another $1.125M deduction from their Cap in the near future.

When the 2011 lockout ended with the adoption of the new CBA, the Salary Cap was reduced from $132M in 2009 (and uncapped in 2010) to $120.6M in 2011. As a way to ease teams into this new, much lower Cap, the transition rules allowed teams to “borrow” $4.5M over the first two seasons of the new CBA ($3M in 2011, $1.5M in 2012). Most teams, the Ravens included, took advantage of this extra Cap space. Under the transition rules, any money borrowed would have to be repaid, at the team’s discretion, at some point between 2014 and 2017.

Last year the Ravens took a deduction of 1/4 of that amount ($1.125M) against the Cap as the first installment of that repayment. At the time, it appeared that the Ravens had decided to make their repayment in 4 equal yearly amounts of $1.125M from 2014-2017. Whether that still holds true for 2015 remains to be seen, but with the Cap space recently created by the team, it seems likely that they will again take that $1.125M deduction.

ROOKIE CAP

There have been a lot of questions about how much of the available Cap space will be needed to accommodate the Ravens’ draft class. This is a bit difficult to estimate at this time because the rounds of the 3 or 4 Compensatory picks the Ravens are expected to receive aren’t yet known. A fair guess would be that the Ravens will likely have a Rookie Cap of approximately $5-5.5M.

However, since the Rookie Cap is a “Cap within a Cap”, the impact on the overall Cap will likely be more in the $1-2M range. For a detailed explanation of the interplay between the Rookie Cap and the team’s overall Salary Cap, see HERE.

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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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