Baltimore signed free safety Eric Weddle on Monday, and head coach John Harbaugh appears committed to turning Lardarius Webb into a full-time safety, per Jeff Zrebiec of the Baltimore Sun:
As a result, Hill was left without a starting place, and paying nearly $4.6 million to a backup safety makes little sense. The Ravens need every penny they can get considering they have just $5.87 million in cap space, per Spotrac.
CBS Baltimore's Samuel Njoku isn't so sure, however, Webb will be a better option than Hill in 2016:
Hill finished with 64 combined tackles and one interception in 2015, and Pro Football Focus graded him the 17th-best safety in the league. PFF's Gordon McGuinness noted his performance did decline in the second half:
The 26-year-old ran into trouble off the field during his time with the New York Giants, missing the first six games of the 2014 season while serving a suspension. Those problems didn't follow Hill to Baltimore, though, once his suspension ended.
Still, Bleacher Report's Ian Kenyon wonders if there will be more to his departure from the team:
Another off-field incident would obviously hurt Hill's value on the open market. Barring that circumstance, he should have little trouble signing with a team.
The Ravens' decision certainly raises some question marks. Hill was a proven commodity, while Webb has spent the entirely of his NFL career at cornerback. He'll have big shoes to fill as he slides over in the secondary.