As an NFL fan, one of the toughest pills to swallow is knowing that you COULD have won, you just didn’t. Now, that’s not the case for every team. But the Baltimore Ravens were good enough to go toe to toe with anyone out there. It just didn’t go their way.

What makes it so hard on fans is that you end up stuck with one simple question - where do we go from here? When you lose you feel like you HAVE to improve somehow in free agency or the NFL Draft in order to win. For some teams, they really just need to get healthy, run it back, and hope the chips fall in their favor.

It’s our job today to comb through the Ravens depth chart, contracts, cap space and free agents to see how they might be able to improve their weapons in free agency. Maybe our predictions can help you with your dynasty leagues or NFL mocks drafts while we’re at it. So, let’s dig in and see what the Baltimore Ravens 2025 free agency might look like!

*The salary cap numbers referenced in this article come courtesy of our friends over at Spotrac.com*

 

 

 

Baltimore Ravens Depth Chart 2025 (Fantasy Football Relevant)

QB

Lamar Jackson

Josh Johnson

  

RB

Derrick Henry

Justice Hill

Keaton Mitchell

Rasheen Ali

WR

Zay Flowers

Tylan Wallace

  

WR

Rashod Bateman

Deonte Harty

  

WR

Nelson Agholor

Devontez Walker

Steven Sims

 

TE

Mark Andrews

Isaiah Likely

Charlie Kolar

 

FB

Patrick Ricard

   
  • White = unrestricted free agent
  • Green = role is safe
  • Yellow = role in flux
  • Orange = likely a depth piece
  • Red = roster spot not guaranteed

Baltimore Ravens Free Agency 2025

  • CURRENT PROJECTED 2025 SALARIES: ~$268M
  • CURRENT ESTIMATED 2025 CAP SPACE: ~$9M

 

 

 

Ravens Quarterback Depth Chart

Lamar Jackson: Lamar Jackson had an MVP caliber season - in many other years he would have obviously won. They’ve got him under contract for multiple years now where they hopefully won’t need to consider an extension until 2027 or so.

In terms of fantasy football, Jackson is entering an interesting stage of his career. As this tweet points out, only three QBs have had seasons with 100+ carries after the age of 28. Josh Allen just barely snuck on the list with 102. Allen has also publicly mentioned that he knows he needs to transition to more of a pocket passer the way a guy like Russell Wilson did.

With Lamar, the rushing element of his game is obviously heavily ingrained. He just came off seasons where he had 148 and 139 carries. We love to say that guys like Josh Allen and Lamar Jackson are “built differently” but we felt that way about Cam Newton as well until shoulder issues derailed his career. 

If I’m competing in dynasty to win now, I’m starting Jackson every week but, if you are blowing the team up and rebuilding, trading Jackson while he’s at his peak value might not be a crazy idea. 

Josh Johnson: Josh Johnson is what I would call a “player coach”. He’s likely to become a coach at some point. But, as long as teams are willing to give him a million dollars a year, he’s better off suiting up.

At 38 years old though, you don’t want to end up in a situation where he has to start multiple games and keep the team afloat. So, even if he’s back, they should focus on getting someone safer to backup Jackson.

RAVENS QB FREE AGENCY TAKE: There have been some rumblings about Justin Fields opting to play behind Lamar Jackson for a season in order to learn from him. If you can get him to sign an affordable deal to do that, you won’t beat that option. But I think Fields inevitably signs somewhere where he has a better chance to play. 

In terms of free agent quarterbacks who might be willing to sign on as a backup, these ones offer the best chances to win games. Some of them, like Fields, might still want to compete for a starting job right now, however. The main focus for Baltimore should be “Who can keep things afloat for a couple games if something happens to Lamar?”

POSSIBLE FREE AGENT OPTIONS: Justin Fields, Daniel Jones, Mac Jones, Jacoby Brissett, Jameis Winston, Marcus Mariota

 

 

 

Ravens Running Back Depth Chart

Derrick Henry: There were some questions about Derrick Henry’s ability to stay healthy and play at a high level at 30 years old. And he put those questions to rest by playing every game this season en route to his second career season with over 2,100 yards from scrimmage. He’s under contract for 2025 and looking more like an extension candidate than someone they would be looking to cut ties with.

How to handle guys like Henry in your dynasty fantasy football leagues is simple. If you are competing now, this is the kind of guy you want. If you are blowing things up and don’t expect to compete again for a couple of years, you might want to look to sell. 

Guys like Henry and Alvin Kamara (the top two active RBs in career PPR points) always lose a little perceived value in the offseason before the games start and they look awesome so you might have to wait to get a good return if you are selling.

Justice Hill: The Ravens love having Hill as a pass-down change of pace back. That makes him the perfect compliment for Derrick Henry. And they extended him through 2026. There’s virtually no cap benefit in releasing him in 2025 (not that they would want to) so expect him to be in his normal role this year. 

Keaton Mitchell: Mitchell suffered a serious injury at the end of 2023 so took some time to return to the field. When he did return he once again flashed his ability, primarily on kickoff return. He’s under contract for 2025 before becoming a restricted free agent in 2026. 

It will be interesting to see if Mitchell is part of their long term plans or just another piece - in deep dynasty leagues I’m holding on just to see. His ability to catch passes down field on top of his running ability is intriguing to me.

Rasheen Ali: There was a little hype for Ali, but he dealt with a number of injuries that derailed a lot of that. First, he ruptured his bicep tendon back in February at the Senior Bowl. 

Then he dealt with ankle and hip injuries during the season. Both Mitchell and Ali contribute on special teams so there could be spots for both of them. They waived RB Chris Collier mid-season which cleared the way in the RB room.

Patrick Ricard: In 2023, the Ravens shifted away from the fullback a bit which saw Ricard play only 72 true fullback snaps. They found use for him as an extra tight end and on special teams. 

The addition of Derrick Henry saw Ricard return to more traditional fullback snaps with 230 on the season, along with some snaps TE. He’s an unrestricted free agent but, given the success of Henry in 2024, I expect them to try to retain Ricard.

  • Reserves/Futures: N/A

RAVENS RB FREE AGENCY TAKE: The Ravens honestly have what they need in the RB room to compete in 2025. Derrick Henry and Justice Hill are the 1-2 punch. Keaton Mitchell and Rasheen Ali are the younger guys waiting in the wings, contributing on special teams. 

I know we are speculating about free agency here but it’s more likely that the Ravens take a shot in the draft at some point than go back to the free agent well this year - unless we are talking about more guys that primarily play special teams.

POSSIBLE FREE AGENT OPTIONS: N/A

 

 

 

Ravens Wide Receiver Depth Chart

Zay Flowers: Zay Flowers was a rookie first round pick in 2023 which means he’s under contract through 2026 with a club option for 2027. The recent trend has been for star wide receivers to start looking for an extension after year three so that’s something we’ll be looking at next year. 

For now there’s no reason to believe that Flowers won’t continue to be a focal point of this pass attack after leading the team with 116 targets, 44 more than the next highest player. So he’s a fairly safe asset in your dynasty leagues. 

Rashod Bateman: Rashod Bateman has been a polarizing player both for NFL fans and fantasy gamers alike. Injuries have certainly derailed his career to some degree with a dreaded Lisfranc injury being the top culprit. The Ravens and Jim Harbaugh believe in him as Harbaugh continually praises him while they also signed him to a two-year extension.

The rub with the extension is that it carries a $3.75M salary that becomes guaranteed on the 5th day of the league year (March 17th). If he were released before then, he would carry zero dead cap. So he still needed to go out and earn that deal to remain with the team in 2025. By most accounts the 25 year old has done just that so I expect him to be with the Ravens in 2025.

Nelson Agholor: Nelson Agholor was the de facto WR3 until he got banged up down the stretch. This team uses enough tight ends and backs that the WR3 maxes out at around a 50-60% snap share at best while sometimes playing more like 35-40% of the snaps.

Sometimes you wonder if that’s because they don’t have a competent WR3 or if it’s simply because they prefer those exotic packages. Either way, Agholor is a free agent and it’s probably best for his fantasy football value if he were to go elsewhere.

 

 

 

Devontez Walker: Walker dealt with a rib injury for most of preseason that saw him get behind. He wasn’t activated for a game until Week 7 and didn’t play until Week 9. In fact, he never played more than 16 snaps in a game all season. He’s a fourth round pick which should afford him a little bit of leash but he needs to start showing something in 2025. He, Zay Flowers, and Rashod Bateman are technically the only Ravens WRs under contract as of now which does give him some hope.

Deonte Harty: Harty started the year as the primary return man for the Ravens on punts and kicks before a knee injury sidelined him for most of the season. He’s an unrestricted free agent so that would be his path to making this team again. 

Tylan Wallace: Wallace stepped in for Agholor when he got hurt and made a few plays, including an 84 yard touchdown. But his main value to the team was operating on four different special teams units, including returning a couple punts. If he’s willing to come back on a reasonable deal they might bring him back in that capacity as an unrestricted free agent. 

Steven Sims Jr: Steven Sims Jr was claimed by the Ravens after he was waived by the Texans. He did play a few slot snaps in the playoffs but primarily helped on special teams. He was signed as depth (and possibly a bit of gamesmanship to see what the Texans were up to) so I don’t see him being a huge priority to bring back. 

RAVENS WR FREE AGENCY TAKE: The reality for the Ravens as it stands is that they don’t really have the cap space to make a major splash at WR in free agency. Nor is it really a great free agent class. They like to rely on a lot of two and even one WR sets so Zay Flowers and Rashod Bateman at the top is probably all they need.

They could try their hand in the draft. Or they could possibly upgrade the Nelson Agholor role with a different field stretching pass-catcher. Here are the guys that could play that role that are free agents.

POSSIBLE FREE AGENT OPTIONS: Nelson Agholor, Brandin Cooks, Tutu Atwell, Dyami Brown, DJ Chark, Elijah Moore, Mack Hollins

 

 

 

Ravens Tight End Depth Chart

Mark Andrews: We have Mark Andrews listed in red above because there are rumors of him being a cut candidate that we can’t ignore. Fans are certainly upset about his drop in the playoffs. We also can’t ignore that he has the fourth highest cap hit on the team and turns 30 this year. So it’s entirely possible. Here’s why I would not cut Mark Andrews if I were the Ravens.

First off, we don’t have a ton of data on the recovery from a high ankle sprain injury via Tightrope surgery. But we do have a couple recent examples of guys struggling in their first year back before playing better the following year in Tony Pollard and Darnell Mooney. Andrews clearly struggled early in the season before scoring 11 touchdowns over his final 12 games.

The second is that moving on from Andrews could require an entire scheme change. It’s not a matter of moving him out and moving Isaiah Likely in - they BOTH played over 600 snaps. You’re not only giving up a favorite of the fans and the players (especially Lamar Jackson) but you now need to change the offense unless you draft a free agent tight end you trust or elevate Charlie Kolar. This free agent TE class is brutal.

If you ask me, the move is to figure out a reworked deal for Andrews that keeps him around and helps with his cap hit. He has a $4 million roster bonus due on the 5th day of the league year so they’ll need to make a decision on what to do over the next 20 days.

 

 

 

Isaiah Likely: Isaiah Likely is a good enough tight end that he would start on a lot of teams. Which is why he essentially “starts” for this team. The WR3, Nelson Agholor, only played more snaps than him in three games this year. 

For your dynasty leagues, I would actually consider moving Isaiah Likely if possible. The problem that we run into with players like this is that he’s not particularly fast - his 4.88 forty yard dash is actually in the bottom fourth percentile. Guys like that can have success but they really need to be peppered with targets to have difference making upside. Even Zach Ertz only had one 1,000 yard season in his career and he needed 150+ targets to do it.

Within the next 20 days, the value for Likely could take a hit if Mark Andrews simply remains with the team. If Mark Andrews is cut, does Likely’s value all of a sudden become a first round dynasty pick? I’m not so sure. If someone will give you a second-round rookie pick right now, like Alex Korff’s trade value charts suggests, I would do that.

Charlie Kolar: Charlie Kolar is the exact kind of versatile player the Ravens like. Not only can he contribute on offense but he played on five different special teams units. He’s pretty buried for fantasy football so don’t need to be rostered but I expect him to be on the Ravens in 2025. He’s an unrestricted free agent in 2026. 

RAVENS TE FREE AGENCY TAKE: This all boils down to what they want to do with Mark Andrews. But I will say this - you aren’t getting an upgrade in free agency. The best names out there are guys like Tyler Conklin, Gerald Everett, and Mike Gesicki. So, if they do release or trade Andrews to save cap, I would expect them to proceed with Likely as the starter and then target either a wide receiver or tight end in the draft. 

POSSIBLE FREE AGENT OPTIONS: Juwan Johnson, Gerald Everett, Mike Gesicki, Hayden Hurst