Lately, it’s felt the Ravens were operating with an unlimited cap. They signed big deals in free agency, signed a full rookie class, then continued to sign players throughout the offseason. Their most recent addition, Austin Howard, caught a three-year, $15 million deal. We finally find where they found the money to pay the right tackle.
Source: the Ravens converted $7.725M of CB Jimmy Smith's $8.5M base salary into a signing bonus, creating $5.15M in cap space.
— Field Yates (@FieldYates) August 10, 2017
This is the second restructure in as many years for the Ravens top-flight cornerback, Jimmy Smith.