SALARY CAP UPDATE
CURRENT CAP SPACE: After the recent signings of OLBs Pernell McPhee and Shane Ray and WR Michael Floyd, the Ravens are currently $13,484,087 under the Salary Cap.
• McPhee signed a 1-year, $1.03M deal, that included only a $100K Signing Bonus.
• Ray received a 1-year, $1.2M deal, that included a $200K Signing Bonus.
• Floyd’s deal is also a 1-year Minimum Salary Benefit deal for just $930K (only counts $645K against the Cap) and did not include a bonus.