The Ravens decided not to place the franchise tag on left tackle Eugene Monroe.
Monroe, 26, will hit the free agent market on March 11 if the Ravens are not able to work out a long-term deal by that time. Other teams can begin contacting and negotiating with him beginning this Saturday, March 8.
Putting the franchise tender on Monroe would have been expensive at $11.65 million.
If Monroe played under the tag, all of that money would've counted towards the Ravens' salary cap, eating up nearly half of their reported $26 million remaining.
Head Coach John Harbaugh was optimistic that the Ravens could keep Monroe. The two sides have been in negotiations and made some progress, according to media reports, but are still "far apart" on financial terms.
Monore, 26, is regarded as the top pending free agent tackle. He was the Ravens' best lineman and the 12th-best tackle in the entire NFL, according to Pro Football Focus.
If the Ravens do not strike a deal with Monroe, for whom they traded fourth- and fifth-round picks earlier this season, they are expected to focus on left tackle Michael Oher. The Ravens could recoup some or all of those picks the following year in compensatory selections.