Lamar Jackson is the Ravens quarterback which is drawing the most attention as the new league year officially begins, but he is not the only Baltimore quarterback facing an uncertain future. Backup Tyler Huntley is receiving the low (right of first refusal) restricted free agent tender, as noted (on Twitter) by Jeff Zrebiec of The Athletic. 
Doing so will lock him into a 2023 salary of $2.63MM, presuming he signs the tender. From now until April 21, however, the 25-year-old will be able to receive offer sheets from other teams. Signing one of them would give the Ravens seven days to match, which could force them to keep him at a more cumbersome cap number. Since Huntley was a UDFA, however, Baltimore would receive no compensation if he were to depart.
The Ravens could have used the second-round tender, valued at just over $4.3MM. That would have required a larger financial commitment, of course, but provided less of an incentive to interested teams to prepare on offer sheet. It also would have guaranteed compensation had the Utah alum elected to leave in search of a different opportunity. The likeliest outcome in this situation still remains, however, Huntley remaining with the Ravens for at least one more season.
Huntley has seen action in 13 regular season games over the past two years, filling in for Jackson following the latter’s in injuries. His play in 2021 earned him the low tender this past offseason, allowing him to remain in place in the N0. 2 role. His most notable action to date was his start in the Ravens’ wild card loss to the Bengals, in which he threw for 226 yards and a pair of touchdowns and added 54 yards on the ground.
Turnovers in that contest, and generally underwhelming play in the 2022 regular season in particular, are likely to hinder the market for Huntley (though they, coupled with a multitude of other absences, allowed him to be named a Pro Bowler) and represent the ceiling of his potential. Still, his future is currently in the balance, as is that of Jackson, who is now eligible to negotiate with other teams on a new contract.
Amidst their uncertainty under center, the Ravens have been “involved” in the free agent quarterback market, per ESPN’s Jeremy Fowler (Twitter link). Specifically, he names Baker Mayfield and Jacoby Brissett as veterans Baltimore has inquired about. They have since agreed to deals with the Buccaneers and Commanders, respectively, but other cost-effective options still remain if the team is forced to replace Jackson. Regardless of what happens at the top of the depth chart, the Ravens should still have Huntley available as a depth and spot-starter option.