{"id":321199,"date":"2017-08-10T17:16:19","date_gmt":"2017-08-10T21:16:19","guid":{"rendered":"http:\/\/wnst.net\/?p=321199"},"modified":"2020-09-23T01:53:03","modified_gmt":"2020-09-23T01:53:03","slug":"ravens-add-salary-cap-space-by-restructuring-jimmy-smiths-deal","status":"publish","type":"post","link":"https:\/\/baltimorepositive.com\/ravens-add-salary-cap-space-by-restructuring-jimmy-smiths-deal\/","title":{"rendered":"Ravens add salary cap space by restructuring Jimmy Smith&#039;s deal"},"content":{"rendered":"<p>Entering Wednesday with the least amount of salary cap space in the NFL, the Ravens have taken an important step to create more flexibility.<br \/>\nAs first reported by <a href=\"https:\/\/twitter.com\/FieldYates\/status\/895609571678576640\" target=\"_blank\" rel=\"noopener noreferrer\">ESPN<\/a>, Baltimore restructured the contract of veteran cornerback Jimmy Smith, which frees up an additional $5.15 million in cap space for the 2017 season. According to NFLPA records, the Ravens had just $5.046 million in cap space on Wednesday and now have $10.196 million in room.<br \/>\nHowever, that full amount is only available until the end of the preseason when the Rule of 51 &#8212; which only takes into account the top 51 cap numbers on the 90-man roster &#8212; ceases to apply. At that point, the entire 53-man roster, players on injured reserve, and the 10-man practice squad all count against the cap, leaving less flexibility for general manager Ozzie Newsome. Teams typically need to have at least $4 million or $5 million entering the regular season to account for the inevitable injuries that will require replacement signings.<br \/>\nOriginally scheduled to make $8.5 million in base salary this season, Smith instead receives a $7.725 million bonus to go along with a $775,000 salary for 2017. This lowers his scheduled 2017 cap figure to $7.45 million, but it adds $2.575 million to his cap numbers for both 2018 and 2019.<br \/>\nThe Ravens clearly needed more cap flexibility, but the 29-year-old Smith will now count for $15.675 million toward the 2018 cap and $16.175 million in 2019, numbers that aren&#8217;t exactly appealing for an oft-injured defensive back who will be on the wrong side of 30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to NFLPA records, the Ravens had the least amount of cap space in the NFL on Wednesday.<\/p>\n","protected":false},"author":4,"featured_media":317955,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"sync_status":"","episode_type":"","audio_file":"","castos_file_data":"","podmotor_file_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1,1411,824],"tags":[4224,18,2501,894,190],"jetpack_publicize_connections":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v22.4) - 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