The Ravens shed $6 million against the salary cap for the 2013 fiscal year Monday when they traded three-time Pro Bowl wide receiver Anquan Boldin to the San Francisco 49ers in exchange for a sixth-round draft pick.
Boldin was carrying a $7.531 million salary-cap figure and a $6 million base salary, subtracting his base salary from the Ravens' books and leaving $1.531 million there as dead money for the remaining proration of his contract.
The trade will be finalized after Boldin returns to the United States from a three-day relief trip to Senegal and takes and passes a physical.
The Ravens have already used the majority of that newly created cap space on three restricted free agent tenders adding up to a total of $5.369 million.
Tight end Dennis Pitta and defensive lineman Arthur Jones both received $2.023 million second-round restricted tenders, while tight end Ed Dickson got a $1.323 million original-round tender.
So, the Ravens are now roughly $13.293 million under the salary-cap limit of $123 million after the Boldin trade and assigning the restricted tenders.