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Report: Ravens are $5.33 million under proposed cap

The Ravens are $5.33 million under the proposed $120 million salary cap, according to ESPN.

That number would dwindle because it doesn't take into account the tenders given to restricted free agents. The Ravens have about $10 million allotted to nine RFAs (a second-rounder tender to linebacker Jameel McClain and low tenders to Oniel Cousins, Tom Zbikowski, Tavares Gooden, Marcus Smith, Haruki Nakamura, Jalen Parmele, Kelly Talavou and Lamar Divens).

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If that number is accurate, it would significantly limit what the Ravens could do in free agency. The Ravens are expected to release running back Willis McGahee, but that would only free up $2.5 million in cap space.

Once the lockout ends, the Ravens need to re-sign offensive lineman Marshal Yanda as well as address backup quarterback, fullback, offensive tackle and the pass rush.

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Analyzing ESPN's cap list, there are 20 teams with at least $10 million in cap space. But there are seven teams -- including AFC contenders Pittsburgh, Indianapolis and New York Jets -- who are over the cap.

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