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Ravens restructure Marcus Peters’ contract, create $3.5 million in cap space

The Baltimore Ravens restructured the contract of cornerback Marcus Peters to create $3.5 million in cap space, according to Ian Rapoport of NFL Network.

Contract restructures to create cap space as the league year looms:
#Saints WR Michael Thomas did a restructure, creating $8.7M of space.
— The #Raiders did the same with LBs Nick Kwiatkoski ($2.7M) and Cory Littleton (4.4M).
— The #Ravens restructured CB Marcus Peters (3.5M).— Ian Rapoport (@RapSheet) March 12, 2021

The move will give the Ravens a little more room to work with in free agency.