Ray Lewis, Matt Birk placed on reserve-retired list
By By Aaron Wilson
The Baltimore Sun|
Feb 28, 2013 at 6:34 PM
The Ravens have officially placed inside linebacker Ray Lewis and center Matt Birk on the reserve-retired list.
With Lewis, a two-time NFL Defensive Player of the Year, and Birk, a six-time Pro Bowl selection, retiring, the Ravens have realized a total savings of $6.4 million against the salary cap for the 2013 fiscal year.
Lewis' retirement gives the Ravens back $4.35 million in cap savings while Birk's retirement gives the Ravens back $2.05 million against the salary cap. Lewis had a scheduled $5.4 million base salary, and Birk was due $2.75 million.
With 49 contract commitments for 2013, including $1.8 million in dead money for former Pro Bowl kicker Billy Cundiff and cap figures of $13.02 million for outside linebacker Terrell Suggs and $11.05 million for defensive tackle Haloti Ngata, the Ravens' new salary-cap total is $105.919 million with Lewis and Birk going off the books.
With the NFL Players Association informing agents via a letter obtained by The Baltimore Sun that the salary-cap limit is set at approximately $123 million with over $200 million carried over from last yesar, then the Ravens currently have $18.2633 million in cap room to spend. That figure includes $1.182 million carried over from 2012, but it doesn't reflect any re-signings yet of the Ravens' unrestricted free agents or tenders assigned to restricted free agents.