The Ravens are still contending with a tight salary-cap situation as they attempt to restructure the contracts of veteran defensive tackle Haloti Ngata $16 million) and cornerback Lardarius Webb ($12 million).
The Ravens are now $3.889 million under the projected salary cap limit of $143 million. That includes $2.66 million in savings from terminating defensive end Chris Canty's three-year, $8 million contract and $750,00 in cap savings by terminating wide receiver-kick returner Jacoby Jones' four-year, $12 million contract.
The Ravens' cap total also includes a negative adjustment of $3.94 million due to several players triggering incentive clauses. That doesn't include achieved workout bonuses, which will be factored in later. It includes $5.791 million carried over from last season.
The incentive adjustments include outside linebacker Elvis Dumervil ($1 million one-time incentive clause for sacks, escalator clause raising base salary by $1 million annually in 2015, 2016 and 2017), wide receiver Steve Smith ($1 million), middle linebacker Daryl Smith ($1 million), tight end Owen Daniels ($755,000) and strong safety Darian Stewart ($300,000).
The Ravens haven't assigned any restricted free agent or exclusive-rights free agent tenders.