Ravens: Breaking down Jameel McClain's $10.5 million deal, cap situation

OWINGS MILLS -- Baltimore Ravens inside linebacker Jameel McClain's three-year, $10.5 million contract includes a $3.6 million signing bonus.

The deal has base salaries of $700,000 this year, $3 million in 2013 and $3.2 million in 2014.

McClain counts $1.9 million against the salary cap this year, $4.2 million in 2013 and $4.4 million in 2014.

McClain will become an unrestricted free agent again when he's 29 years old.

He recorded 84 tackles, one sack and an interception.

Pro Bowl special-teams ace and nickel back Corey Graham's two-year contract is worth $3.7 million and includes a $1.2 million signing bonus.

If a minimum playing time escalator clause is triggered, then Graham can average over $2 million per year.

Three-time Pro Bowl special-teams ace Brendon Ayanbadejo's three-year contract is worth a total of $3.21 million.

It included a $400,000 signing bonus and base salaries of $925,000, $940,000 and $955,000.

Safety Sean Considine's one-year deal is worth $890,000 and includes a $65,000 signing bonus. Under the minimum salary benefit, the contract includes a salary-cap value of $605,000.

The Ravens were $4.664 million under the salary-cap limit prior to these recent contracts, including a $1.625 million cap figure for center Matt Birk, and are now down to $1.701 million in cap space with 46 players under contract.

That doesn't include $1.5 million the Ravens can borrow against future years.

The Ravens could create more salary-cap breathing room by signing players to long-term contract extensions, including quarterback Joe Flacco, running back Ray Rice and cornerbacks Lardarius Webb and Cary Williams.

Meanwhile, the Ravens are due to pay free safety Ed Reed $7.2 million in the final season of his six-year, $44 million contract. He carries an $8.5 million salary-cap figure.

Although often mentioned as a candidate for a contract extension, the former NFL Defensive Player of the Year currently has no representation after firing Eugene Mato years ago.

An extension for Reed was discussed internally at one point last season.

Reed and the team have already declared that he will return for next season, but each year his health is a question mark due to a lingering nerve impingement in his neck.

Reed, 33, told South Florida reporters Thursday night while being inducted into the University of Miami Hall of Fame that he intends to keep playing.

"There's a lot of talk out there," Reed said. "I'm not going to say I'm 50-50, because I'm not. I want to play football, but it's something me and my team have been discussing the last couple of weeks.

"My partners, they do a great job of making sure I know the pros and cons of what's going on with my body and with the organization and where we're at. I plan on doing it, but depending, it could change. If it was up to me, I'd be with a walking cane out there. I don't know, man. I think four to five years is a reality for me."