The Ravens will look drastically different on both sides of the football field after undergoing massive changes in player personnel and the coaching staff.
Eric DeCosta started the off-season with urgency, signing Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore landed Derrick Henry for two years and $16 million.
The talented running back could earn $20 million throughout the deal.
However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.
The Ravens have $13,884,766 in available cap space, and they’re paying out over $113 million on the offensive side of the football.
With the second wave of free agency set to begin, we’re examining Baltimore’s positional spending ranking.
All figures are via OverTheCap.com and official NFLPA records.
Offense
Jan 28, 2024; Baltimore, Maryland, USA; Baltimore Ravens quarterback Lamar Jackson (8) prepares to throw the ball during the second half against the Kansas City Chiefs in the AFC Championship football game at M&T Bank Stadium. Mandatory Credit: Geoff Burke-USA TODAY Sports
Total spending: $112,631,765
NFL rank: 23rd
QB
Jan 28, 2024; Baltimore, Maryland, USA; Baltimore Ravens quarterback Lamar Jackson (8) runs with the ball during the first quarter in the AFC Championship football game against the Kansas City Chiefs at M&T Bank Stadium. Mandatory Credit: Geoff Burke-USA TODAY Sports
Total spending: $34,467,500
NFL rank: 9th
The Ravens could look to restructure Jackson’s deal, but as of now, the MVP quarterback will carry a $32,400,000 cap hit.
RB
LAS VEGAS, NEVADA – FEBRUARY 05: Derrick Henry #22 of the Tennesse Titans and AFC warms up during the 2023 NFL Pro Bowl Games at Allegiant Stadium on February 05, 2023 in Las Vegas, Nevada. (Photo by Jeff Bottari/Getty Images)
Total spending: $9,791,588
NFL rank: 10th
Baltimore added Derrick Henry on a two-year, $16 million deal, and he’ll carry a $5 million cap hit in 2024. Justice Hill is on the books for just over $2.9 million.
WR
Jan 28, 2024; Baltimore, Maryland, USA; Baltimore Ravens wide receiver Zay Flowers (4) celebrates after scoring a touchdown against the Kansas City Chiefs during the first half in the AFC Championship football game at M&T Bank Stadium. Mandatory Credit: Geoff Burke-USA TODAY Sports
Total spending: $15,332,344
NFL rank: 28th
With Odell Beckham off the books, Baltimore is 28th in spending at the wide receiver position.
Rashod Bateman will carry a $4,008,905 cap hit, while Zay Flowers is just over $3.1 million.
TE
BALTIMORE, MARYLAND – JANUARY 28: Mark Andrews #89 of the Baltimore Ravens reacts during the first quarter against the Kansas City Chiefs in the AFC Championship Game at M&T Bank Stadium on January 28, 2024 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)
Total spending: $19,974,915
NFL rank: 5th
Star tight end Mark Andrews will carry a $16,907,611 cap hit. The emerging Isaiah Likely only carries a $1,111,084 cap hit.
OL
Jan 20, 2024; Baltimore, MD, USA; Baltimore Ravens quarterback Lamar Jackson (8) celebrates with offensive tackle Ronnie Stanley (79) after scoring a touchdown against the Houston Texans during the third quarter of a 2024 AFC divisional round game at M&T Bank Stadium. Mandatory Credit: Mitch Stringer-USA TODAY Sports
Total spending: $33,065,418
NFL rank: 24th
Ronnie Stanley restructured his deal, but still carries a 17,050,603 cap hit. Patrick Mekari is a potential starter, and he carries a $6,350,000 cap hit.
DT
BALTIMORE, MARYLAND – OCTOBER 22: Jared Goff #16 of the Detroit Lions loses the ball as he is sacked by Justin Madubuike #92 of the Baltimore Ravens in the first quarter of the game at M&T Bank Stadium on October 22, 2023 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)
Total spending: $24,061,771
NFL rank: 15th
Justin Madubuike returned on a 4-year, $98 million deal, but will count just $11,000,000 against the cap.
Broderick Washington will Carry a $4,540,000 cap hit, while Michael Pierce has a hit just over $4 million.
Edge Rusher
BALTIMORE, MARYLAND – JANUARY 20: Broderick Washington #96 of the Baltimore Ravens wraps up C.J. Stroud #7 of the Houston Texans during the fourth quarter in the AFC Divisional Playoff game at M&T Bank Stadium on January 20, 2024 in Baltimore, Maryland. (Photo by Rob Carr/Getty Images)
Total spending: $7,656,783
NFL rank: 32nd
Odafe Oweh is on the books for $3,608,942, while David Ojabo carries a $2,157,034 cap hit.
LB
BALTIMORE, MARYLAND – DECEMBER 31: Roquan Smith #0 of the Baltimore Ravens reacts as he leads a huddle prior to an NFL football game between the Baltimore Ravens and the Miami Dolphins at M&T Bank Stadium on December 31, 2023 in Baltimore, Maryland. (Photo by Michael Owens/Getty Images)
Total spending: $16,935,796
NFL rank: 12th
Patrick Queen departed, but Roquan Smith is on the books for $13,500,000. Second-year linebacker Trenton Simpson is next with $1,228,296.
CB
Jacksonville Jaguars wide receiver Parker Washington (11) catches a pass against Baltimore Ravens cornerback Marlon Humphrey (44) during the second quarter of a regular season NFL football matchup Sunday, Dec. 17, 2023 at EverBank Stadium in Jacksonville, Fla. The Baltimore Ravens defeated the Jacksonville Jaguars 23-7. [Corey Perrine/Florida Times-Union]
Total spending: $30,270,119
NFL rank: 6th
Marlon Humphrey is a potential restructure candidate, and carries a $22,877,800 cap hit. Brandon Stephens is on the books for just over 3,326,154.
S
SANTA CLARA, CALIFORNIA – DECEMBER 25: Kyle Hamilton #14 of the Baltimore Ravens intercepts a pass intended for Deebo Samuel #19 of the San Francisco 49ers during the first quarter at Levi’s Stadium on December 25, 2023 in Santa Clara, California. (Photo by Thearon W. Henderson/Getty Images)
Total spending: $24,141,206
NFL rank: 6th
Marcus Williams carries a $18,723,000 cap hit, while All-Pro Kyle Hamilton is a bargain at just $4,433,206.
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