Ranking all 32 teams (including the Ravens) by cap space after first wave of free agency

The 2024 salary cap is set at $255.4 million.

Baltimore will look drastically different on both sides of the football field after undergoing massive changes in player personnel and the coaching staff.

Eric DeCosta started the off-season with urgency, signing Justin Madubuike, one of the league’s best defensive linemen, to an extension. After inking Madubuike to a deal, Baltimore seemed to win the first wave of the free agency period after getting Derrick Henry for two years and $16 million.

The talented running back could earn $20 million throughout the deal. However, the Ravens suffered significant free-agent losses. Patrick Queen (Steelers), Geno Stone (Bengals), and Gus Edwards (Chargers) were among eight free agents to sign elsewhere. Baltimore also traded Morgan Moses to the Jets and released Tyus Bowser in a cost-cutting move.

With the second wave of free agency set to begin, we’re looking at an updated ranking of salary cap figures for all 32 NFL teams.

All figures are via OverTheCap.com and official NFLPA records.