1. Nick Boyle - $3.3 million
The biggest dead-money eater in Baltimore's books is tight end Nick Boyle, who is still only 30 years old and an NFL free agent available for whoever wants his services.
Boyle entered the NFL in 2015 as a fifth-round pick by the Baltimore Ravens and he stayed with the organization until he finished his run with it following last season. Boyle wrapped up his Flock days with 121 receptions for 1,049 yards and 4 touchdowns through 90 career games.
With a tight end room packed full of talent and led by arguably the second-best player at the position in the NFL these days in Mark Andrews, it made little sense for the Ravens to keep carrying Boyle into their roster anymore.
Boyle was waived by the Ravens on Jan. 7 although the team re-signed him three days later to the practice squad. It was later known that he was transitioning to the long snapper position, even trying out for the Pittsburgh Steelers at the role last May.
After suffering an injury to his left knee in 2020 that ultimately ruled him out for the year after nine games, Boyle was never the same. He appeared in five games for the Ravens in 2021 and then in 12 last season, but he was relegated to blocking duties and never impacted the outcome of games that much.
The dead money to Boyle's name comes from a two-year, $13 million deal the Ravens offered and signed him to after the 2021 season and running through the 2023 campaign.
By releasing him in January and re-signing him to the PS under the same terms before moving on from him, Baltimore is still forced to pay him the most money among players who no longer belong to the organization.