The Baltimore Ravens need to make roster upgrades this offseason, but their limited financial flexibility poses a challenge. Currently, the team has just over $7 million in available cap space far from enough to make major free-agency moves.
To create more room, the Ravens could explore various options, one of which involves restructuring running back Derrick Henry’s contract. No, they won’t be cutting him, but extending his deal could help ease their cap burden.
Bleacher Report’s Kristopher Knox suggests that Baltimore could reduce Henry’s $6 million base salary by converting a significant portion into bonus money as part of an extension. “Henry is entering the final year of a two-year contract and is set to carry a cap hit of $12 million,” Knox explained. “DeCosta could reduce Henry’s $6 million base salary by restructuring most of it as bonus money he had a base salary of just $1.2 million in 2024.”
While this move alone wouldn’t free up a massive amount of cap space, every dollar counts. Combined with other financial adjustments, it could make a meaningful impact.
Henry is coming off a spectacular 2024 season, where he amassed 1,921 rushing yards, 16 touchdowns, and averaged an impressive 5.9 yards per carry. His dominant performance earned him a Pro Bowl selection and Second-Team All-Pro honors. Restructuring his contract could help Baltimore remain competitive while keeping their star running back in place.
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