Baltimore Ravens Restructure Defensive Tackle Pierce's Contract

The Baltimore Ravens are doing what they can to clear cap space ahead of the new league year, including asking one veteran player to take a pay cut. Nose tackle Michael Pierce accepted a $2 million salary reduction as part of a contract restructuring that cleared $2.668 million in cap space.

#Ravens NT Michael Pierce took a $2 million pay cut as part of a contract restructure that cleared $2.668M. He can earn back the difference in incentives.

Same for #Vikings DT Ross Blacklock, who took a roughly $683K cut and can earn it back through a playtime incentive.
— Tom Pelissero (@TomPelissero) March 10, 2023

Pierce appeared in only three games for the Ravens in 2022 due to a biceps injury. He signed a three-year $16.5 million last offseason. This is his second stint with the team; he entered the league as an undrafted free agent and played with the Ravens from 2016 to 2019. He missed the 2020 season and played for the Minnesota Vikings in 2021.

The Ravens find themselves in a tricky cap situation due to their ongoing negotiations with Lamar Jackson. They placed the non-exclusive franchise tag on the young passer, committing $32.416 million on a one-year deal. Until that number is reduced by either trade or extension, the Ravens will be up against the 2023 cap. Per overthecap, they presently sit at approximately $8.4 million over the 2023 limit.