On a day where money changed hands at a dizzying rate both before and after the free-agent market opened at 4 p.m., the Ravens stayed mostly quiet, but set themselves up to make moves in the days ahead.
Starting Wednesday with the least salary cap space in the NFL, the Ravens created nearly $4 million of space by converting $5.3 million of Pro Bowl guard Marshal Yanda's $6.19 million base salary in 2016 into a signing bonus.
Veteran cornerback Kyle Arrington, whose roster spot was in jeopardy after the Ravens re-signed Shareece Wright earlier this week, also agreed to an undisclosed pay cut.