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 |
Option Bonus |
Base |
Cap |
|
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 |
Base |
Cap |
|
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 |
Base |
Cap |
|
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 |
Base |
Cap |
|
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 |
Base |
Cap |
|
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
