Pitta agreed to a $4 million pay cut last year to remain with the team and attempt his second comeback from a fractured and dislocated right hip. He wound up making $3 million of it back in incentives.
He has two years remaining on the five-year, $32.5 million deal he signed before the 2014 season. He's due to make a base salary of $5.5 million in 2017 and he carries a salary cap hit of $7.7 million. That was the sixth highest cap number on the team and also the sixth highest among NFL tight ends.
In cutting him, the Ravens would create $3.3 million in salary cap space. However, they also will have to absorb $4.4 million in dead money on the cap.
Pitta led the Ravens and all NFL tight ends with 86 receptions after he missed the entire 2015 season and played in seven combined games in 2013 and 2014.
Howeer, he averaged just 8.5 yards a reception and had just two touchdowns. The Ravens are well stocked at tight end with Watson, Crockett Gillmore and Maxx Williams expected to return from injuries and Nick Boyle and Darren Waller also coming back. The draft also features a highly touted tight end class.