The Jaguars have plenty of money to spend, but no players on which to spend it. The Ravens have the opposite problem.
Per a source with knowledge of the salary-cap numbers available to each team as of Friday, June 22, the Jaguars lead the way with $25.1 million. In contract, the Ravens have only $606,000.
The full list is available right here.
While new Jags owner Shahid Khan has said he’s committed to spending whatever it takes to become competitive, there’s no point wasting it. That said, Khan wouldn’t be wasting it by spending some of it on financially-disgruntled running back Maurice Jones-Drew.
The Ravens would like to convert running back Ray Rice’s one-year franchise tender to an acceptable long-term contract, and quarterback Joe Flacco is entering the final season of his rookie deal. It’s hard to maneuver as to either without some cap space. That said, the Ravens could easily clear cap room, if they really want to. Rice’s cap number of $7.7 million would likely go down if he signs a multi-year deal, and cap space can be conjured to sign Flacco by extending/reworking other contracts.
In all, 12 teams have more than $10 million left in cap space. Only the Ravens have less than $1 million.
For now, the cap space is determined by the top 51 contracts on the roster. Once the season begins, each team must fill all 53 players on the active roster and any players on any reserve lists under the spending ceiling.
Under the new CBA, teams automatically may carry over any remaining cap space to the next league year. Only the Texans (who have $4.05 million in cap room) and the Chargers (who have $2.86 million) opted to import none of their leftover space from 2011.