Last week, the Baltimore Ravens were the tightest against the cap in the NFL, with only $732K in cap space. In an effort to make some room for the transactions of the regular season, the Ravens have restructured cornerback Marlon Humphrey’s contract , freeing up $7.172 million in cap space.
The Ravens have converted $8.965M of star CB Marlon Humphrey’s $10M base salary into a signing bonus, creating $7.172M in salary cap space, per source.
— Field Yates (@FieldYates) July 25, 2022
Reading the tea leaves, some may expect this as a move to sign quarterback Lamar Jackson to a long-term contract, but I’d argue there’s no correlation.