The Ravens restructured Lardarius Webb's contract to clear cap space. He was due to make $8.5 million base salary for the 2015 league year. (Kevin Richardson/Baltimore Sun video)
The Ravens are $8.386 million under the NFL salary-cap limit of $143.28 million, a solid financial situation at this stage of the offseason.
The Ravens are listed as having $9.625 million in cap space, but that doesn't include defensive end Chris Canty's two-year, $4.65 million contract that hasn't been officially processed to account for his $1.75 million salary-cap figure.
That means the Ravens have enough financial flexibility to sign free agents, extend current players under contract and have enough money set aside for their rookie pool to sign as many as 10 draft picks.