Ravens release WR Jeremy Maclin, free up $5 million in cap space

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Entering the first official day of National Football League free agency, who might the Ravens sign next?

Parting ways with Maclin comes one day after the Ravens reached agreements with wide receivers Ryan Grant and John Brown.

Pending free agents are free to negotiate with teams as of March 12, but no contracts can be signed until 4 p.m. March 14. However, in 2014 and 2015 Maclin - just 29 - caught 85-plus balls for over 1,000 yards. Former Indianapolis Colts receiver Donte Moncrief, who was rumored to be on the Ravens' radar, is signing with the Jacksonville Jaguars, according to reports.

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Unfortunately Maclin's numbers last season took a serious hit compared to previous years with only 40 catches for 440 receiving yards and 3 touchdowns-giving him an average of 11 yards/catch. Baltimore has missed the playoffs in three straight seasons.

Baltimore saved a total of $5 million by releasing Maclin and frees up salary cap space for the Ravens to add more pieces to strengthen their 2018 roster.

The flurry of Ravens free agency moves transforms their group of wide receivers with both Maclin and Mike Wallace off to find new teams in the free agent market. It's considered a deep draft at wide receiver, with no elite receivers but value through the first few rounds.