Yesterday, the league announced to teams that they are projecting the salary cap for 2014 to be $126.3M, about $3M more than anticipated. There's also a rumor that it could reach $127.5M, but I'll use the $126.3M figure for now. That number is not final, but it's a good barometer for what we'll be looking at this offseason. I've discussed this a bit in the Jacoby thread, but I'd like for this to have its own thread since this will affect more than just Jacoby.
As it currently stands, the Ravens have 37 players under contract, and with dead money included, we'll have approximately $111.9M on the books entering 2014. At $126.3M (plus a $1.5M carry over from this year), we'll have $15.9M to play with, but that we will need to account for all RFA and ERFA tenders as well.
We can carve more off with these potential cuts. I'm not saying that all of these guys will be gone, but all would save more than $1M, so they at least have to be considered. Some other guys could be cut that would save <$1M, but I won't mention them here.
Terrell Suggs (would save $7.8M, but more likely to be extended)
Jameel McClain (would save $3.2M)
Chris Canty (would save $1.8M)
Sam Koch (would save $1.6M)
Vonta Leach (would save $1.8M)
Total Potential Savings: $16.2M
Next we have our free agents. I've included the franchise tag number with each of the guys we'd at least consider.
Eugene Monroe (Franchise Tag: $11.1M)
Dennis Pitta (Franchise Tag: $6.7M)
Arthur Jones (Franchise Tag: $9.2M/$12.5M depending on whether he's DT or DE)
So, at the end of the day, we could have anywhere from $15.9M to $32.1M to play with, although that last number is assuming all potential cuts are actually cut. That's before we sign any free agents and with anywhere from 32 to 37 guys under contract. There's also the draft pool allocation, but that's pretty minimal and impossible to know the amount at this point, but you should probably allot $3M or so for that.
That extra $3M or so will really help us out. I doubt we let Monroe or Pitta go, and it's possible that Pitta gets the FT at that amount. That opens us up for more than 1 of Smith, Jones, Jones, or Ihedigbo if we really want to keep them. Besides locking Monroe and Pitta up, I think the most important thing is to extend/restructure Suggs because he could save us a lot and really open the cap up to keep some of these guys around.
Edited by rmw10, 12 December 2013 - 02:07 PM.