The Baltimore Ravens have terminated the contract of running back Mike Anderson, according to the Associated Press. The move will save the Ravens roughly $1.8 million in salary cap space. Anderson won the Offensive Rookie of the Year award with Denver and had two years remaining on his deal with Baltimore.

The Baltimore Ravens placed the franchise tag on linebacker Terrell Suggs on Tuesday, according to ESPN's John Clayton. The confusion begins with where the Ravens have decided to place the tag on Suggs. Baltimore lists him as a linebacker which would give him a one-year deal worth $8.06 million under franchise tag rules. However, Suggs insists he should be considered a defensive end which would increase his pay for the 2008 season to $8.8 million.

If the Baltimore Ravens cannot re-sign Terrell Suggs this offseason, they plan to place the franchise tag on him, according to ESPN.com. "At his position, we feel like he's one of the top two or three outside linebackers in the game. He does a very good job against the run and the pass," Newsome told the Carroll County Times.

Baltimore GM Ozzie Newsome denied an ESPN report on Monday that the team was looking to acquire quarterback Donovan McNabb from Philadelphia, according to the Baltimore Sun. "We have not had one meeting to discuss any personnel on our team or anyone else's team," Newsome told the Sun. "We've been very busy hiring assistant coaches." There have been rumors that McNabb could follow former Eagles' assistant John Harbaugh to Baltimore ever since he became the Ravens' new head coach.