The cancellation of the Crosby trade shifted the salary cap outlook for both the Raiders and the Ravens, obviously. Crosby’s $35.8 million cap hit is back on the books for Las Vegas and off the table for Baltimore.
However, both teams remain among the teams that have money to spend—even though both have spent considerably.
The Raiders agreed to add players like center Tyler Linderbaum, linebacker Quay Walker, and receiver Jalen Nailor with the assumption that Crosby’s salary was leaving. However, they weren’t going to back out of any early deals.
The Ravens, meanwhile, signed Hendrickson for pass-rushing help. General manager Eric DeCosta said in a Wednesday press conference that the plan had been to add both Crosby and Hendrickson before Crosby failed Baltimore’s physical.
Baltimore may still be in the market for an edge-rusher, while Las Vegas will likely look to continue building its offensive roster.
The Washington Commanders have, for now, moved into the top spot in the salary-cap hierarchy. They, too, have been active in free agency, signing the likes of linebacker Leo Chenal, tight end Chigoziem Okonkwo, and edge-rusher K’Lavon Chaisson.
The Los Angeles Chargers, Indianapolis Colts, and Tennessee Titans round out the top six, as things stand. Tennessee entered the offseason with the most cap space in the league and has since added Wan’Dale Robinson, Alontae Taylor, John Franklin-Myers, and more.
The Colts had given quarterback Daniel Jones the transition tag, but the two parties agreed to a two-year agreement on Wednesday. L.A. added some pieces around quarterback Justin Herbert, like Tyler Biadasz, Cole Strange, and Charlie Kolar.
The Seattle Seahawks sit just outside the top six, and they could be the team to watch in the second wave of free agency. The defending Super Bowl champs lost players like Riq Woolen, Kenneth Walker III, and Boye Mafe during the initial wave. They’ll now be in the market for replacements.