Ravens owe $8.3M in dead money after voiding four contracts

With the Super Bowl in the rearview mirror, the Ravens and 31 other NFL teams will start financially retooling to advance to the 2024-25 postseason.

Joel Corry of CBS Sports recently looked inside at key offseason dates starting with the first week of the 2024 league year, which begins March 13.

Some dates will free up cap space for Baltimore, while others will force GM Eric DeCosta to make hard decisions.

Here is the list of players and their salary cap charges whose contracts void today. These charges now become dead money pic.twitter.com/IFwTawMp4V

— Jason_OTC (@Jason_OTC) February 19, 2024

Baltimore had a 4:00 PM EST deadline to extend six players to face dead salary cap hits, and only Nelson Agholor agreed to a new deal. 

At 4 p.m. Monday, the contracts of four pending free agents — right guard Kevin Zeitler, running back Gus Edwards, safety Geno Stone and cornerback Rock Ya-Sin — will void.

Void years are a way for teams to manipulate the salary cap by placing fake years on the end of a contract to defer cap charges to the future.

Odell Beckham Jr.’s one-year, $15 million contract was recently reworked to remove void years. That allows the Ravens to designate Beckham as a post-June 1 release if an extension is not reached by March 16.

Baltimore will now carry nearly $10 million in dead money on their 2024 salary cap since none of those five players were re-signed.