Jeff Zrebiec of the Baltimore Sun reports that the Ravens are re-signing WR Michael Campanaro to a new one-year contract worth a maximum value of $2 million.
The Ravens previously placed an original-round tender on Campanaro that would have cost them around $1.797 million for the 2017 season. However, it looks like they agreed to a separate contract altogether.
Zrebiec points out that this new deal will actually free up $600,000 of cap space for the Ravens.
Campanaro, 26, is a former seventh-round pick of the Ravens back in 2014.