Yesterday we learned that the Ravens have restructured the contracts of three players to be in cap compliance by midnight tonight, September 4, 2024. By converting salary into bonus, which is then amortized over the remaining term of the respective contracts, the Ravens were able to save $9.3M in cap space for 2024 by restructuring:
• Nnamdi Madubuike: $3.9M
• Roquan Smith – $3,656,250
• Justin Tucker – $1,717,500
• Total – $9,273,750
Those three restructured deals bring the Ravens current salary cap picture to $4.8M under the cap.