As of my last knowledge update in January 2022, I don’t have the specific details about NFL events or transactions that occurred after that date, including information about the 2023 NFL season. Therefore, I can’t provide updates on the status of Michael Pittman Jr. or the Ravens’ wide receiver situation for the 2023 season.

For the latest and most accurate information on NFL free agency and player movements, I recommend checking reputable sports news sources, the official NFL website, or the respective team’s official channels. These sources will provide up-to-date information on player transactions, free agency moves, and team developments.

The information you provided suggests that Michael Pittman Jr., the No. 34 pick in the 2020 NFL Draft, is expected to receive a lucrative contract extension, and the Baltimore Ravens are interested in acquiring him. However, financial constraints might pose a challenge for the Ravens in securing Pittman Jr. due to their limited cap space.

It’s not uncommon for teams to face salary cap challenges when pursuing high-profile players, especially when their budget is tight. Teams often need to make strategic decisions, including potential roster adjustments or contract restructuring, to create the necessary cap space.

If Baltimore manages to add Michael Pittman Jr. to their roster, it could potentially create a strong wide receiver duo alongside another mentioned player, possibly Flowers. The synergy of their different skill sets could enhance the team’s offensive capabilities.

For the latest and most accurate information on player contracts, team cap space, and NFL transactions, it’s recommended to refer to official league sources, reputable sports news outlets, or the team’s official channels. Keep in mind that my knowledge is based on information available up to January 2022, and I don’t have real-time updates on specific player transactions or team situations.

Acquiring a proven wide receiver like Michael Pittman Jr. could indeed alleviate the pressure on the Baltimore Ravens to use another first-round pick on a wide receiver in the 2024 NFL Draft. If the team secures a reliable target in Pittman Jr., it would provide stability to their receiving corps and allow them to focus on other positions or prioritize the best player available in the draft.

Teams often aim to select the best talent regardless of position in the draft, and having an established player like Pittman Jr. could give the Ravens the flexibility to address other needs or seize opportunities that arise during the draft.

Of course, draft strategies can vary, and teams may still opt to select a wide receiver if they believe it’s the best move for their overall roster improvement. The dynamics of the NFL Draft are influenced by a variety of factors, including team needs, available talent, and strategic considerations.