Mike Garafolo of NFL Media reports that the Ravens and TE Dennis Pitta have agreed to a restructured contract on Friday.
- According to Jamison Hensley, Pitta agreed to a $2.5 million pay cut for the next two seasons to remain with the Ravens. Pitta was set to make a base salary of $5.5 million for the 2017 season, but will now receive a $2.5 million in base salary in 2017 along with a $500,000 roster bonus.
- The Ravens, in turn, picked up $2.5 million in cap space for the 2017 and 2018 seasons from this move.
Pitta was owed $5.5 million for the 2017 season. However, the Ravens have been active in free agency and could use the extra cap space to bolster their roster at positions such as cornerback.
Some thought Pitta’s career could be over after multiple hip injuries, but he managed to work his way back and played in all 16 games for the Ravens last year.
Pitta, 31, is a former fourth-round pick of the Ravens back in 2010. Pitta is currently in the fourth year of his five-year, $32.5 million contract that includes $16 million guaranteed and set to make base salaries of $5.5 million over the final two years of the contract.
In 2016, Pitta appeared in all 16 games for the Ravens and caught 86 passes for 729 yards receiving and two touchdowns. Pro Football Focus has him rated as the No. 47 tight end out of 63 qualifying players.
We’ll have more regarding Pitta’s contract as the news is available.
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