The Ravens reportedly cleared a chunk of cap space Wednesday morning by restructuring cornerback Lardarius Webb's contract.
For what purpose remains to be seen.
According to USA Today's Tom Pelissero, the Ravens converted $4 million of Webb’s $7.5 million base salary into a signing bonus.
That reportedly clears $3 million in cap space. The Ravens were already about $4 million under the salary cap when the day began.
Webb, 28, and the Ravens reached a six-year agreement worth a reported $50 million in April 2012. He's under contract through the 2017 season.
Webb returned from his second torn ACL to start all 16 games last year. He made 75 tackles, defensed 22 passes and snagged two interceptions. Webb has missed almost all of training camp due to a back injury, but is expected to return next week.
The Ravens could be clearing salary cap space to re-sign some of their current players to extensions.
During meetings this offseason, Baltimore's brass discussed the desire to extend wide receiver Torrey Smith, kicker Justin Tucker, cornerback Jimmy Smith and defensive tackle Haloti Ngata.
