The Ravens managed to lower veteran punter Sam Koch's salary-cap figure by $700,000 when they signed him to a five-year, $16.25 million contract extension, according to NFL Players Association records and league sources.
The deal, which has a total value of $18.75 million and includes a $4 million signing bonus, includes a first-year salary-cap figure of $2.4 million. That's down from an originally scheduled $3.1 million.
The Ravens are now $8.031 million under the NFL salary cap limit of $143.28 million.
Koch's deal includes $7.3 million in guaranteed money, with $5 million fully guaranteed and another $2.3 million guaranteed for injury only.
Koch has a $1 million base salary for this year, fully guaranteed for skill, injury and salary cap. His salary-cap figure for this year is derived from the $1 million, plus $800,000 prorated from the $4 million signing bonus and $600,000 from his five-year, $12.516 million contract extension signed in 2011 that was previously due to expire after this season.
In 2016, Koch has a $2.3 million salary guaranteed for injury only and a salary-cap figure of $3.1 million.
In 2017, Koch has a $2.3 million nonguaranteed base salary and a $3.1 million salary-cap figure.
In 2018, Koch has a $2.75 million nonguaranteed base salary and a $3.55 million salary-cap figure.
In 2019, Koch has a $3.15 million nonguaranteed base salary and a $3.95 million salary-cap figure.
In 2020, the final year of the deal, Koch has a $3.25 million nonguaranteed base salary. His salary-cap figure will be the same number because his prorated bonus money will have already been accounted for in the first five years of the contract.