This move comes after the team recently signed veteran S Eric Weddle to a contract. Baltimore had a number of players at safety, so they had to move on from someone.
However, Hill was a pretty decent player for them, so this is at least a little surprising to see.
Hill, 26, was in the final year of his two-year, $7.006 million contract that included $5.16 million guaranteed. He was set to make a base salary of $2,840,000 for the 2016 season.
According to OverTheCap.com, releasing will free up $2.84 million in available cap space while creating $1.75 million in dead money.
In 2015, Hill appeared in all 16 games for the Ravens and recorded 64 tackles, one sack, an interception, and six pass defenses. Pro Football Focus has him rated as the No. 17 safety out of 88 qualifying players.