Ravens Not Planning Contract Extensions

The Ravens gained some financial flexibility this week when they restructured cornerback Lardarius Webb‘s $50MM contract, but that doesn’t mean contract extensions for their current players are on the way, sources tell Aaron Wilson of The Baltimore Sun.

Extension candidates in Baltimore include wide receiver Torrey Smith, Pro Bowl defensive tackle Haloti Ngata, cornerback Jimmy Smith, and Pro Bowl kicker Justin Tucker, but it doesn’t sound like they’ll be inking new deals right away. Smith is probably the most likely candidate of that group as he enters the final year of his deal, but Wilson hears that talks haven’t advanced all that quickly between the club and the former Maryland standout. Ngata, whose contract talks with the Ravens didn’t get far earlier this year, is under contract for the next two seasons at $8.5 million per year. Tucker, meanwhile, can be retained as a restricted free agent after this season and there haven’t been any talks between the two sides. Jimmy Smith has two years left on his deal and recently said that he’s not expecting an extension to materialize.

Meanwhile, even after signing veteran cornerback Derek Cox to a one-year deal, the Ravens are actively monitoring the waiver wire and the trade block for a CB, according to Wilson.

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