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Report: Ravens are $10 million under salary cap

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(Credits: Greg Fiume/Getty Images)

The Baltimore Ravens are roughly $10 million under the NFL’s new salary cap of $120.6 million, which begins Tuesday, according to an article by CSNBaltimore.com’s, John Eisenberg.

While the Ravens don’t have nearly as much money to play with like their AFC North divisional rivals, the Cincinnati Bengals, who are a league-best $48.5 million under the cap, according to ESPN.com’s, Jamison Hensley, they do have more room than the Pittsburgh Steelers, who are just $1 million under the cap.

The Ravens, along with 29 other teams, were the beneficiaries of extra cap space, when the league penalized the Washington Redskins and Dallas Cowboys, reducing their salary cap space for violating a league directive not to dump salary during the 2010 season, which was an uncapped season.

On Monday, the Ravens tendered restricted free agents Lardarius Webb, Cary Williams and Dannell Ellerbe, costing the team $6.6 million.

But over the last several weeks, the team has released veterans Chris Carr, Domonique Foxworth and Lee Evans, saving more than $10 million in cap space.

As a result, the Ravens have about $10 million to spend, which probably won’t net them a big-time, big-named free agent. However, it’s certainly enough to allow them to make a strong push to retain the services of unrestricted free agents like Jarrett Johnson, Brendon Ayanbadejo, Jameel McClain and Ben Grubbs.