According to the Baltimore Sun’s Aaron Wilson, the Ravens have restructured outside linebacker Terrell Suggs, four-year $28.5 million deal, creating $2.25 million in cap space.
The Ravens created the extra cap room by converting $3 million of Suggs’ base salary for 2015 into a guaranteed bonus which gets spread out over the remaining years of the contract. This move lowers the cap number for Suggs from $6.2 million to $3.95 in 2015, but raises his cap charge in 2016 to $7.2 million and then $6.7 million in both 2017 and 2018.
Even with this move, the Ravens have very little cap room to do much of anything in Free Agency. With players like Haloti Ngata and Lardarius Webb still potentially on the chopping block due to large cap numbers, the Ravens appear to be doing everything they can to create cap room without resorting to drastic measures.
Look for more on the Ravens and Free Agency later today, as we approach the 4pm start of the new league year and the official start of Free Agency.