The Ravens created some breathing room under the NFL salary cap limit when they signed Pro Bowl running back Ray Rice to a five-year, $40 million maximum value deal that included a $15 million signing bonus.
Instead of carrying a $7.742 million franchise tender for Rice, he now counts for just $5 million against the salary cap for this fiscal year.
Including the accounting for the Rice deal, the Ravens have $3.123 million in cap space available.
Yes, that's enough to fit in a deal for quarterback Joe Flacco, which is actively being haggled over between agent Joe Linta and Ravens vice president of football administration Pat Moriarty, with no deal imminent at this time.
The Ravens carried over $5.831 million in cap space from last year.