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Ravens are $5.545 million under NFL salary-cap limit

The Ravens are $5.545 million under the NFL salary-cap limit of $133 million.

New long snapper Kevin McDermott's veteran minimum contract counts for $291,177 against the salary cap for the remainder of the season.

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The Ravens created a net savings of $3.529 million in salary and cap space for this fiscal year when they terminated running back Ray Rice's $35 million contract, also taking on $4.755 million in dead money. Should Rice win his grievance against the Ravens for wrongful termination, he would be owed that money and it would count against the Ravens' books for this year.

Regardless of the decision, in 2015 Rice will count against the Ravens' salary cap for a hefty $9.5 million in dead money. Dead money is the pro-rated portion of the money already paid to Rice that still counts against the Ravens' salary cap even though he's no longer on the roster.

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The Ravens can carry over the salary-cap space they don't use this season for next year.

Under his contract signed in July 2012, Rice received $22 million in guaranteed money through a $15 million signing bonus and a $7 million option bonus. He was also paid another $3 million combined in base salaries in 2012 and 2013 for a total of $25 million in total earnings.

Rice never triggered an additional $5 million worth of escalator clauses based on performance measured through rushing and receiving yardage and the team's ranking on offense.

The top 12 salary cap figures on the Ravens for this season are: Pro Bowl defensive tackle Haloti Ngata ($16 million), quarterback Joe Flacco ($14.8 million), Pro Bowl offensive guard Marshal Yanda ($8.45 million), Pro Bowl outside linebacker Terrell Suggs ($7.8 million), cornerback Lardarius Webb ($7.504 million), Rice ($4.755 million), outside linebacker Elvis Dumervil ($3.375 million), tight end Dennis Pitta ($3.205 million), offensive tackle Eugene Monroe ($3.204 million), defensive tackle Chris Canty ($3.166 million), punter Sam Koch ($2.8 million) and middle linebacker Daryl Smith ($2.475 million).

awilson@baltsun.com
twitter.com/RavensInsider

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