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:

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

His contract breaks down as follows:

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:

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

His contract breaks down as follows:

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:

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:

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:

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.