Examining the Ravens’ 2015 class of free agents

The start of free agency is roughly two months away, but the Ravens face a number of important decisions in their efforts to build upon their return to the playoffs in 2014 after a one-year absence.
As is often the case, salary cap space will be a substantial concern as the Ravens entered the offseason with an estimated cap commitment of roughly $138 million, according to Spotrac.com. The 2015 salary cap has not been set, but it is projected to rise from $133 million in 2014 to somewhere between $138 million and $141 million for the new season, which leaves general manager Ozzie Newsome and the Ravens with very tough maneuvering ahead.
Of course, the Ravens could elect to terminate or renegotiate several veteran contracts with defensive tackle Haloti Ngata and his $16 million cap figure for 2015 at the top of the list. Baltimore would like to extend Ngata in a way similar to what they did with Terrell Suggs last winter, but cutting him outright would save $8.5 million. Cornerback Lardarius Webb carries a $12 million figure next season, but his release would only save $2 million in space as it would leave $10 million in dead money with the Ravens still needing to replace him.
Other veterans such as defensive end Chris Canty, wide receiver Jacoby Jones, linebacker Albert McClellan, and punter Sam Koch don’t carry lucrative cap numbers but could be released to create moderate savings for 2015.
UNRESTRICTED FREE AGENTS
The Ravens will have the opportunity to re-sign any of the following 14 unrestricted free agents before they can sign with any other team beginning on March 10 at 4:00 p.m.
CB Antoine Cason – Signed in early December, the 28-year-old was leapfrogged on the depth chart by former Miami Dolphins practice squad cornerback Rashaan Melvin, telling all you need to know about his standing.
DT Terrence Cody – I was surprised the Ravens brought back the 2010 second-round pick on a one-year deal last offseason, and he was a non-factor after returning from the reserve physically unable to perform list in November.
LS Morgan Cox – The veteran is hitting the point in his career where the Ravens usually want to go cheaper for a snapper, but they had some issues with both Kevin McDermott and Patrick Scales after Cox was lost for the season.
TE Owen Daniels – The 32-year-old had some inconsistent stretches this season, but you’d like to bring back an established option with Dennis Pitta’s status in doubt and 2014 third-round pick Crockett Gillmore still developing.
RB Justin Forsett – The feel-good story of the 2014 campaign will draw interest elsewhere, but his knowledge of Gary Kubiak’s zone schemes as well as his patience and vision make it important for the Ravens to bring him back.

CB Danny Gorrer – The journeyman cornerback suffered a season-ending knee injury in December and won’t be a priority, but it wouldn’t be surprising to see him re-signed to compete for a roster spot in training camp.

LB Pernell McPhee – His 7 1/2 sacks, 21 quarterback hits, and 35 quarterback hurries likely price him out of the Ravens’ budget as other teams will throw a lot of money at the rush specialist while envisioning a bigger role for him.

S Jeromy Miles – Miles is a good special-teams player and emerged to earn a significant number of snaps in the defensive backfield, so you would think the Ravens would like to bring him back at a reasonable rate.

G Will Rackley – The former Jacksonville Jaguar sustained a concussion early in training camp and was placed on injured reserve, making it unlikely the Ravens will bring him back with their offensive line in much better shape now.

OL Jah Reid – The 2011 third-round pick never lived up to expectations to even become a reliable backup, so it would be surprising to see the Ravens bring him back on even a minimum contract for 2015.

CB Aaron Ross – The 32-year-old tore his Achilles tendon on the eve of training camp and has dealt with other injuries in recent years, making you think his NFL career could very well be over.

WR Torrey Smith – The Ravens and the University of Maryland product both want to continue their relationship, but will other suitors offer No. 1 receiver money for Smith’s skill set and leave Newsome with a difficult decision?

S Darian Stewart – The former St. Louis Ram played better in the second half of the season and wouldn’t be a bad option to bring back to compete with 2014 third-round pick Terrence Brooks for the safety spot opposite Will Hill.

QB Tyrod Taylor – The writing was on the wall for Taylor when the Ravens drafted Keith Wenning in the sixth round of last May’s draft, so it appears unlikely that he’ll be back with Baltimore.

RESTRICTED FREE AGENTS
The following players have accrued three years of service and have expiring contracts. The Ravens can tender each with a restricted free agent offer, but other teams may then sign that player to an offer sheet. If that happens, Baltimore has seven days to match the offer and keep the aforementioned player. If the Ravens choose not to match the offer sheet, they would receive compensation based on which tender was initially offered to that player.
There are three different tenders — the values won’t be set until the 2015 salary cap is finalized — that can be made: a first-round tender ($3.113 million in 2014) would award the competing team’s first-round selection, a second-round tender ($2.187 million in 2014) would award the competing team’s second-round selection, and a low tender ($1.431 million in 2014) would award the competing team’s draft selection equal to the round in which the player was originally chosen. For example, a restricted free agent selected in the fifth round would be worth a fifth-round pick if given the low tender. If a player went undrafted originally and is given the low tender, the Ravens would simply hold the right to match the offer and would not receive any compensation if they elected not to match the competing figure.
The original round in which each player was drafted is noted in parentheses:
DL Christo Bilukidi (sixth) – The former Cincinnati Bengal appeared in only four games before being placed on injured reserve with an ankle injury, but it wouldn’t be surprising to see him non-tendered and re-signed to a cheaper deal. 
DE Lawrence Guy (seventh) – Added in late September, Guy emerged as a reliable member of the defensive line rotation and passed DeAngelo Tyson on the depth chart, making it likely the Ravens will want to bring him back.
S Will Hill (undrafted) – The bright spot in an otherwise difficult year for the secondary, Hill could receive the second-round tender to prevent other teams from trying to sign him away as the Ravens clearly want him back.
K Justin Tucker (undrafted) – The Ravens will explore a long-term deal with one of the best kickers in football, but the 2013 Pro Bowl selection would figure to receive a second-round tender to discourage other teams from sniffing around.

EXCLUSIVE RIGHTS FREE AGENTS
These players have less than three years of accrued service and can be tendered a contract for the league minimum based on their length of service in the league. If tendered, these players are not free to negotiate with other teams. Historically, the Ravens tender all exclusive-rights free agents with the thought that there’s essentially nothing assured beyond a likely invitation to training camp for each.
WR Kamar Aiken
CB Chris Greenwood
CB Tramain Jacobs
OL Ryan Jensen
S Anthony Levine
LS Kevin McDermott
DE Steven Means
CB Rashaan Melvin
LS Patrick Scales
TE Phillip Supernaw
RB Fitz Toussaint
S Brynden Trawick
DT Casey Walker