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Ravens restructure Marcus Peters’ contract, create $3.5 million in cap space

NFL: Baltimore Ravens at Buffalo Bills Rich Barnes-USA TODAY Sports

The Baltimore Ravens restructured the contract of cornerback Marcus Peters to create $3.5 million in cap space, according to Ian Rapoport of NFL Network.

The move will give the Ravens a little more room to work with in free agency. As Jamison Hensley of ESPN pointed out, this move will basically cover the second-round tender of running back Gus Edwards, which is worth $3.4 million.

Subsequently, Peters’s cap number will now rise by $3.5 million for 2022.

In 2019, the Ravens acquired Peters in a trade with the Los Angeles Rams in exchange for a fifth-round pick and linebacker Kenny Young. Peters was named a first-team All-Pro after the season and signed a three-year, $42 million extension.

Peters has established himself as the most prolific ballhawk in the NFL. Since 2015, he has 31 interceptions, which is more than any other player. He also has an astounding seven defensive touchdowns.

The Ravens can create more cap space by restructuring the contracts of Ronnie Stanley, Marlon Humphrey, Justin Tucker, or Chuck Clark. In addition, they could potentially free up room by extending Calais Campbell or Brandon Williams.