Tom Pelissero of USA Today reports that the Baltimore Ravens have restructured CBÂ Lardarius Webb‘s to create some additional cap space.
- According to Pelissero, the Ravens converted $4 million of Webb’s $7.5 million base salary into a signing bonus. This in turn freed up $3 million in cap space for the 2014 season.
- Aaron Wilson mentions that Webb now has a $3.5 million base salary for 2014, and will receive $2 million up front with the remaining $2 million prorated over the remainder of his contract.
- Wilson adds that the future years included in Webb’s deal were unaffected by this restructure.
The Ravens had $3,734,583 in available cap space coming into today, so that number will increase quite a bit in the coming days.
Baltimore is now $6.59 million under the NFL salary cap following this move.
Webb, 28, is entering the third year of his six-year, $52.742 million contract that included a $10 million signing bonus. Last year, he appeared in all 16 games for Baltimore and recorded 74 tackles, two interceptions, and 23 pass defenses.
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