Ravens owner Steve Bisciotti is worth an estimated $2.7 billion and ranks 244th on Forbes' annual list of richest Americans.
The Anne Arundel County businessman is the founder of the staffing firm Allegis Group, formerly Aerotek. Allegis Group is the largest privately held staffing firm in the United States.
Bisciotti ranked 235th last year, but his wealth went up from $2.6 billion. Bisciotti, 54, is a self-described "C" student from Salisbury State who built his business into one of the nation's largest staffing firms.
Bisciotti and his cousin, Jim Davis, launched Aerotek in 1983, running the company out of a basement office and generating $1.5 million in sales in the first year.
A net worth of at least $1.55 billion was required to make the list, which the magazine started tracking in 1982.
Under Armour founder and CEO Kevin Plank is worth $3.2 billion and ranks 190th on the list of richest Americans. A former University of Maryland football player, Plank has gone up from 345th to...Read more
The Ravens released cornerback Victor Hampton on Monday, just a day after learning of his arrest on driving while impaired charges over the weekend in North Carolina.
Hampton, 22, was signed to a reserve-future contract in January, but he's now gone without even making it to a practice with the team.
It marks the second time this offseason that the Ravens have dropped a player for off-the-field issues. The Ravens released nose tackle Terrence Cody, who was going to be a free agent anyway, after learning that the veteran was under investigation for animal cruelty.
After five players were arrested last offseason, team officials talked about having less tolerance for player misconduct off the field.
Hampton was arrested early Saturday morning in Charlotte after his Camaro convertible was clocked going 100 miles per hour in a 55 miles per hour zone on I-77, according to master trooper John Burgin of the North Carolina State Highway Patrol.
Burgin said that tests revealed that Hampton had...Read more
The NFL has established a salary cap limit of $143.28 million, an increase of $10 million from a year ago.
The Ravens needed the salary cap to rise. They remain in a relatively tight financial situation with $4.604 million available.
The Ravens' cap total also includes a negative adjustment of $3.94 million due to several players triggering incentive clauses. That doesn't include achieved workout bonuses, which will be factored in later. It includes $5.791 million carried over from last season.
The Ravens are still attempting to restructure the contracts of veteran defensive tackle Haloti Ngata ($16 million) and cornerback Lardarius Webb ($12 million).
The Ravens saved $2.66 million from terminating defensive end Chris Canty's three-year, $8 million contract and $750,000 by terminating wide receiver-kick returner Jacoby Jones' four-year, $12 million contract. The Ravens also cut cornerback Victor Hampton on Monday after his driving under the influence arrest over the weekend. Hampton...Read more
Former Ravens wide receiver and kick returner Jacoby Jones could be staying in the AFC North division. Jones is visiting the Cincinnati Bengals on Monday, according to a source.
The Tennessee Titans are Jones' next scheduled visit, the source said.
Jones' four-year, $12 million contract was terminated last week by the Ravens, saving them $750,000 against the salary cap.
Team officials and teammates said they anticipated the 2012 Pro Bowl selection would be released despite his past success with the team. Jones, 30, became much less reliable last season in terms of ball security, fumbling four times and losing two.
However, Jones also scored two touchdowns in the Ravens' Super Bowl XLVII win over the San Francisco 49ers.
Jones’ legacy with the Ravens includes the so-called “Mile-High Miracle” in which he tied a 2013 AFC divisional-round playoff win over the Denver Broncos. That score, on which Jones ran past Broncos free safety Rahim Moore, led to the Ravens winning the game in overtime...Read more
As expected, the Ravens didn't use the franchise tag before today’s 4 p.m. deadline. They didn’t have any logical candidates for the tag and their tight salary cap situation would have made such a move prohibitive.
That figures to change next year when the Ravens group of unrestricted free agents could include starting guards Marshal Yanda and Kelechi Osemele, cornerback Jimmy Smith and kicker Justin Tucker.
A lot could happen before the Ravens have to worry about such matters.
Meanwhile, wide receivers Dez Bryant (Dallas Cowboys) and Demaryius Thomas (Denver Broncos) outside linebackers/defensive ends Justin Houston (Kansas City Chiefs) and Jason Pierre-Paul (New York Giants), and kicker Stephen Gostkowski (New England Patriots) were all tagged.
Tight end Charles Clay also got a transition tag, which could potentially keep him off the free agent market.
Those moves might not mean a lot directly for the Ravens, but they certainly could affect the markets for two of the Ravens’ primary...Read more
At some point soon, probably within the next week, the Ravens will have to make a difficult decision on the future of standout defensive tackle Haloti Ngata.
Bringing Ngata back under his current contract, when he’d take up $16 million of cap space, just isn’t realistic, not with the Ravens other needs.
That leaves them with two options: Sign the five-time Pro Bowl selection to a contract extension that will provide immediate salary cap relief and increase the likelihood that Ngata spends his whole career as a Raven; or release him, opening up a ton of a cap space along with a gaping hole in the middle of their defense.
Option one is preferable for both sides. The Ravens still view the 31-year-old as one of the top players in the NFL at his position, and one of the keys to maintaining a dominant run defense. Ngata, meanwhile, has said that he’d love to play his entire career in Baltimore, following in the footsteps of his close friend, Terrell Suggs, who signed a contract extension...Read more