The Baltimore Ravens continued on their mission to become cap compliant before the new league opens up on Wednesday, March 15, 2023, as a result of using the nonexclusive franchise tag on MVP-winning quarterback Lamar Jackson which caused them to go over the cap by $8.356 million per overthecap.com.
On Friday, March 10, 2023, the team reportedly restructured the contracts of a pair of prominent players.
First came the news that veteran defensive tackle Michael Pierce agreed to take a pay cut to clear some cap space and remain with the team. A few hours later, The Athletic’s Jeff Zrebiec reported that running back Gus Edwards is also having his current deal reworked.
In addition to Michael Pierce, the Ravens agreed to contract alterations w/RB Gus Edwards, who was due to have a base of $4.4 mill and a $5.6 mill cap hit in final yr of deal. Haven’t seen exact details of reductions, but it puts Edwards in position to remain w/team in 2023.
— Jeff Zrebiec (@jeffzrebiec) March 10, 2023
According to spotrac.com, Edwards was slated to have a base salary of $4.3 million in 2023 with a cap hit of $5.6 million and was rumored to be cut as a potential salary cap casualty.
The specifics of the restructuring have yet to be reported but according to spotrac.com, the Ravens are down to being just $2.2 million over the cap. While they’re almost out of the red, general manager Eric DeCosta will still need to clear even more space in order to make move for a veteran at a position of need in free agency, sign their entire draft class, and have some leftover for injury insurance during the season.
Being able to hold onto Edwards who is not only a fan favorite but is regarded as one of the best power backs in the league. He averages 5.2 yards per carry in his career, is rarely ever tackled for negative yardage, and almost always moves the chains or crosses the goal line in short-yardage situations.
In his first game back from injury this past year he recorded a pair of touchdowns in the red zone from one and seven yards out.
GUS BUS KEEPS ROLLING 🚌🚌
Tune in on CBS! @GodsGiftGus13 pic.twitter.com/7WyrMVBom0
— Baltimore Ravens (@Ravens) October 23, 2022
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