On May 13, 2016, the Baltimore Ravens signed free agent cornerback Jerraud Powers to a one-year deal worth $1.75 million, with the .75 portion guaranteed. That date is crucial to keep in mind because it was just one day after the deadline for which free agent signings would impact the compensatory pick formula.
The signing itself is also crucial because the Ravens have been in need of cornerbacks. Aside from the fact that their top cornerback, Jimmy Smith, is ailing while trying to recover from an injury, Lardarius Webb has converted to safety as well.