With veteran Lardarius Webb carrying the sixth-highest salary cap figure among NFL cornerbacks, it’s hardly surprising that the Ravens are asking him to take a pay cut.
Whether he accepts is the question as the NFL Network reported Tuesday that Baltimore has officially asked the 29-year-old defensive back to take less than his $8 million base salary for the 2015 season. Webb carries a $12 million cap figure, which is just behind the likes of Dallas’ Brandon Carr ($12.717 million) and Seattle’s Richard Sherman ($12.2 million) for this coming season. Few would say that Webb belongs in that category of players as injuries have stunted a player who once played at a Pro Bowl level before suffering the second anterior cruciate ligament tear of his NFL career during the 2012 season.
A back injury cost Webb all of last year’s training camp and three of the first four games of the regular season before he struggled to regain his pre-injury form the rest of the way, finishing 52nd among cornerbacks who took at least half of his team’s snaps in Pro Football Focus’ grading system. The 2009 third-round pick will be 30 in October and signed a six-year, $50 million contract prior to the 2012 season.
It remains unclear how much less the Ravens are asking Webb to take, but the question for him is whether he thinks another team would give him more than the revised salary general manager Ozzie Newsome is offering. It was roughly six months ago that the Ravens restructured Webb’s contract for the 2014 season, flipping $4 million of his $7.5 million base salary into a bonus and reducing his cap figure. Of course, that adjustment came with the consequence of adding $1 million to his cap figure in each of the next three seasons.
The request of a pay cut is almost always accompanied by the consequence that a player will be released if he doesn’t accept it — no player would ever accept one if that weren’t the case — but the Ravens would save only $2 million in cap space unless they declare Webb a post-June 1 release. Such a maneuver would clear $8 million in cap space, but that relief wouldn’t come until after June 1 when the bulk of free-agent activity has already concluded.
If Newsome believes he can find another comparable veteran — Cary Williams was released on Tuesday — at the same salary or for less than what they’re currently offering Webb, the decision to release him becomes much easier. But they also know cornerback is a major priority and they will already be looking to select one in the early rounds of this year’s draft.
The Ravens can certainly use the cap savings, but they would come with more uncertainty in the secondary if Webb were to be sent packing after six years in Baltimore.