Baltimore Ravens quarterback Lamar Jackson was set to have a cap hit over $70 million this season. On Wednesday, Jackson and the team agreed to a restructured contract in which he will have a cap hit of just around $34 million for the Ravens this season, creating nearly $40 million in cap space.
The move comes after the team backed out of trading for Las Vegas Raiders’ defensive end Maxx Crosby, in which the team sent two first-round picks. The Ravens announced their decision of backing out of the deal last night, and the following morning, agreed to a restructured deal for Jackson.
With Jackson’s restructured deal, the Ravens sit at around $58-$60 million in cap space, which ranks third in the NFL. Spotrac has the Ravens at $58 million while overthecap has the Ravens with $60 million in cap space.
Ravens Agree To Hefty Deal With Trey Hendrickson
After backing out of a deal for Maxx Crosby, the Baltimore Ravens agreed to terms with edge rusher Trey Hendrickson this morning. The deal is worth $120 million with $60 million over the course of four seasons.
The Ravens’ cap space projection has not included the contract in place for Hendrickson. Once those numbers are released, the Ravens could be out of the top 10 in total cap space.
So in last 12 hours or so, the Ravens got back two first-round picks, signed Hendrickson over Crosby, and still have the league pissed about how they went about their business.
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