The Ravens are $10.673 million under the NFL salary-cap limit of $143.28 million following their four-year, $48 million contract extension for cornerback Jimmy Smith.
Smith has a $3.6 million salary cap figure for 2015 instead of his original $6.898 million fifth-year option.
The contract averages $10.275 million per year, has $21 million guaranteed and a $13 million signing bonus.
Smith has fully guaranteed base salaries of $1 million in 2015 and $7 million in 2016, and nonguaranteed base salaries of $8.5 million in 2017, $9 million in 2018 and $9.