Baltimore converted $6.51 million of Stanley’s base salary into a signing bonus to create $5.208 million of additional cap space in 2021, per Yates.
Stanley, 27, was a first-round pick by the Ravens out of Notre Dame in 2016. He signed a four-year deal worth $20.84 million and was playing out the 2020 season under the fifth-year option included in his contract when he agreed to a five-year, $98.75 million extension that includes $70,866,000 in total guarantees.
Stanley was set to make base salaries of $7.5 million and $9.5 million the next two seasons.
In 2020, Stanley appeared in six games for the Ravens, making six starts for them at left tackle.