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Ravens Release Veteran Signings WR Michael Floyd, OLB Shane Ray

The Baltimore Ravens have a reputation for playing the compensatory pick formula well—they easily have accumulated more compensatory picks than anybody else since they were introduced 20ish years ago—and part of that process is acquiring talent as street free agents or after the deadline for which unrestricted free agents count toward the compensatory pick formula.

This year, the team made two additions at two of their biggest positions of need following an offseason exodus at both positions, signing high-pedigreed players in wide receiver Michael Floyd and outside linebacker Shayne Ray.

Now, neither of them will make the Ravens’ 53-man roster, as they were released yesterday.