Updated Ravens offensive Depth Chart after Derrick Henry signing

The Baltimore Ravens must have heard complaints after a fairly dull first day of NFL free agency, as they outbid other contenders and inked standout running back Derrick Henry in a move that solidifies them as one of the best teams in the game.

The Ravens agreed to terms with Henry on a two-year contract worth $16 million, though that number could rocket up to $20 million. Henry will get $9 million guaranteed in 2024 after a strong season with the Tennessee Titans.

The Ravens' offense is looking as sharp as it has in quite some time, as they now have a 2,000-yard rusher and two-time MVP quarterback in Lamar Jackson sharing the backfield. Their work isn't done, but the depth chart is looking much stronger than it did a few hours ago.

Updated Baltimore Ravens offensive depth chart after Derrick Henry signing

Quarterback (2): Lamar Jackson, Malik Cunningham

Running back (4): Derrick Henry, Justice Hill, Keaton Mitchell, Owen Wright

Fullback (1): Pat Ricard

Wide receiver (5): Zay Flowers, Rashod Bateman, Nelson Agholor, Tylan Wallace, Sean Ryan

Tight end (4): Mark Andrews, Isaiah Likely, Charlie Kolar, Scotty Washington

Offensive line (10): Ronnie Stanley, Patrick Mekari, Tyler Linderbaum, Ben Cleveland, Morgan Moses, TyKeem Doss, Malaesala Aumavae-Laulu, Andrew Vorhees, Tashawn Manning, Daniel Faalele

The Ravens still need to make a handful of depth signings to fully flush out this group, but it's hard to find too much fault with many of their starters. Losing Gus Edwards was tough, but they instantly picked up a gigantic upgrade in Henry, who has led the NFL in rushing yards since 2018.

Henry will likely be the bellcow running back in Baltimore, but he will have more support behind him. Justice Hill has shown to be a solid running back when called upon, and Keaton Mitchell ripped off some very big plays during his rookie season. Wide receiver is thin, but that's nothing a Day 2 draft pick can't fix.

Baltimore's offense isn't done being built, as they need one more skill position player and some consistency on the offensive line, but Henry helps check one of the biggest boxes Baltimore needed to cross off. They wanted a power back who could carry the load in the playoffs, and they got just that.