The Ravens' salary cap space has been reduced to $4,133,322 million under the NFL's limit while Ray Rice's grievance against the team remains a pending matter.

The Ravens lost approximately $1,411,765 million in available salary cap room after the indefinitely suspended former running back filed his grievance. The Ravens created a net savings of $3.529 million in salary and cap space for this fiscal year when they terminated Rice's $35 million contract.


They also took on $4.755 million in dead money for this year and $9.5 million in dead money in 2015, reflecting the prorated portion of the $22 million in guaranteed money already paid to Rice that still counts against the Ravens' salary cap even though he's no longer on the roster.

Should Rice win his grievance against the Ravens for wrongful termination, he would be owed $3.529 million in salary that he was due before the team cut him. 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: defensive tackle Haloti Ngata ($16 million), quarterback Joe Flacco ($14.8 million), right guard Marshal Yanda ($8.45 million), 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), left 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).



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