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Contract situation: Entering the third year of a $120.6 million contract, reportedly carries a $28.5 million cap hit in 2016

“We not only talk about the current group, but we talk about the years going forward,” Newsome said. “We’ve already addressed that to a certain degree. We’ve had a chance to look at what 2016 will look like, projecting how many draft choices make our team. But we’ll be prepared to deal with Joe at that number when we get there.”

http://www.baltimoreravens.com/news/article-1/Ravens-Address-10-Contract-Questions-/fe0bdf82-fc8c-4747-8c5a-46f039351106?mobile-id=910504&media-type=N

Posted

 

News/Media

 

Late For Work 2/25: Expect Restructured Contract For Joe Flacco Next Year

 

Read this story at baltimoreravens.com

Sarah Ellison

February 25, 2015

Expect Restructured Contract For Flacco Next Year

 

While the nation got carried away with the $120 million figure along with the tagline “richest contract in NFL history,” those who took a closer look at Joe Flacco's contract always knew it was really a three-year deal for about half the touted price.

 

Heck, even the quarterback's agent, Joe Linta, said as much after Flacco's deal was announced in 2013.

 

"We really viewed this as sort of a three-year deal to make sure the first three years Joe was paid accordingly with the top guys in the league," Linta told The Baltimore Sun at the time.

 

As such, you can expect the Ravens and Flacco's camp trying to work out an extension or restructure at this time next year.

 

“[Flacco's contract] will be the No. 1 priority for the Ravens next offseason,” wrote ESPN's Jamison Hensley.

 

General Manager Ozzie Newsome acknowledged yesterday that the franchise's brain trust has already started to look into Flacco's cap number for 2016, which balloons to a reported $28.55 million and nearly doubles his $14.55 million cap number this coming season.

 

“Part of the discussion that we have down in Florida, we not only talk about the current year, but we talk about the years going forward,” Newsome said, speaking of the annual trip top executives take to review roster plans and goals.

 

“We've already addressed that to a certain degree,” he added. “We've had a chance to look at what 2016 would look like, you know, projecting how many draft choices would make our team. But we'll be prepared to deal with Joe at that number when we get there.”

 

In reality, if the Ravens and Flacco re-do the deal, his original six-year, $120 million contract essentially becomes a three-year, $62 million deal. And even though it was touted as the richest NFL contract ever, Flacco's cap hit has been in the middle of the road compared to other quarterbacks. Check out the numbers below, per Spotrac.com:

 

2015: $14.55 million -----> Ranked No. 15 among quarterbacks

 

2014: $14.8 million -------> Ranked No. 11 among quarterbacks

 

2013: $6.8 million ---------> Ranked No. 17 among quarterbacks[

 

Under the current contract, those figures drastically change to $28.55 million in 2016, $31.15 million in 2017 and $24.75 million in 2018. As it currently stands, his 2016 number would be the highest in the league.

 

Unless the league's salary cap limit drastically changes, those numbers are “so onerous that it [is] hard to envision Flacco playing under such circumstances,” wrote The Sun's Jon Meoli.

 

“[The Ravens] are likely to restructure and free up some more money for Flacco's supporting cast in 2016.”

Posted

 

News/Media

 

Late For Work 2/25: Expect Restructured Contract For Joe Flacco Next Year

 

Read this story at baltimoreravens.com

Sarah Ellison

February 25, 2015

Expect Restructured Contract For Flacco Next Year

 

While the nation got carried away with the $120 million figure along with the tagline “richest contract in NFL history,” those who took a closer look at Joe Flacco's contract always knew it was really a three-year deal for about half the touted price.

 

Heck, even the quarterback's agent, Joe Linta, said as much after Flacco's deal was announced in 2013.

 

"We really viewed this as sort of a three-year deal to make sure the first three years Joe was paid accordingly with the top guys in the league," Linta told The Baltimore Sun at the time.

 

As such, you can expect the Ravens and Flacco's camp trying to work out an extension or restructure at this time next year.

 

“[Flacco's contract] will be the No. 1 priority for the Ravens next offseason,” wrote ESPN's Jamison Hensley.

 

General Manager Ozzie Newsome acknowledged yesterday that the franchise's brain trust has already started to look into Flacco's cap number for 2016, which balloons to a reported $28.55 million and nearly doubles his $14.55 million cap number this coming season.

 

“Part of the discussion that we have down in Florida, we not only talk about the current year, but we talk about the years going forward,” Newsome said, speaking of the annual trip top executives take to review roster plans and goals.

 

“We've already addressed that to a certain degree,” he added. “We've had a chance to look at what 2016 would look like, you know, projecting how many draft choices would make our team. But we'll be prepared to deal with Joe at that number when we get there.”

 

In reality, if the Ravens and Flacco re-do the deal, his original six-year, $120 million contract essentially becomes a three-year, $62 million deal. And even though it was touted as the richest NFL contract ever, Flacco's cap hit has been in the middle of the road compared to other quarterbacks. Check out the numbers below, per Spotrac.com:

 

2015: $14.55 million -----> Ranked No. 15 among quarterbacks

 

2014: $14.8 million -------> Ranked No. 11 among quarterbacks

 

2013: $6.8 million ---------> Ranked No. 17 among quarterbacks[

 

Under the current contract, those figures drastically change to $28.55 million in 2016, $31.15 million in 2017 and $24.75 million in 2018. As it currently stands, his 2016 number would be the highest in the league.

 

Unless the league's salary cap limit drastically changes, those numbers are “so onerous that it [is] hard to envision Flacco playing under such circumstances,” wrote The Sun's Jon Meoli.

 

“[The Ravens] are likely to restructure and free up some more money for Flacco's supporting cast in 2016.”

Posted

 

News/Media

 

Late For Work 2/25: Expect Restructured Contract For Joe Flacco Next Year

 

Read this story at baltimoreravens.com

Sarah Ellison

February 25, 2015

Expect Restructured Contract For Flacco Next Year

 

While the nation got carried away with the $120 million figure along with the tagline “richest contract in NFL history,” those who took a closer look at Joe Flacco's contract always knew it was really a three-year deal for about half the touted price.

 

Heck, even the quarterback's agent, Joe Linta, said as much after Flacco's deal was announced in 2013.

 

"We really viewed this as sort of a three-year deal to make sure the first three years Joe was paid accordingly with the top guys in the league," Linta told The Baltimore Sun at the time.

 

As such, you can expect the Ravens and Flacco's camp trying to work out an extension or restructure at this time next year.

 

“[Flacco's contract] will be the No. 1 priority for the Ravens next offseason,” wrote ESPN's Jamison Hensley.

 

General Manager Ozzie Newsome acknowledged yesterday that the franchise's brain trust has already started to look into Flacco's cap number for 2016, which balloons to a reported $28.55 million and nearly doubles his $14.55 million cap number this coming season.

 

“Part of the discussion that we have down in Florida, we not only talk about the current year, but we talk about the years going forward,” Newsome said, speaking of the annual trip top executives take to review roster plans and goals.

 

“We've already addressed that to a certain degree,” he added. “We've had a chance to look at what 2016 would look like, you know, projecting how many draft choices would make our team. But we'll be prepared to deal with Joe at that number when we get there.”

 

In reality, if the Ravens and Flacco re-do the deal, his original six-year, $120 million contract essentially becomes a three-year, $62 million deal. And even though it was touted as the richest NFL contract ever, Flacco's cap hit has been in the middle of the road compared to other quarterbacks. Check out the numbers below, per Spotrac.com:

 

2015: $14.55 million -----> Ranked No. 15 among quarterbacks

 

2014: $14.8 million -------> Ranked No. 11 among quarterbacks

 

2013: $6.8 million ---------> Ranked No. 17 among quarterbacks[

 

Under the current contract, those figures drastically change to $28.55 million in 2016, $31.15 million in 2017 and $24.75 million in 2018. As it currently stands, his 2016 number would be the highest in the league.

 

Unless the league's salary cap limit drastically changes, those numbers are “so onerous that it [is] hard to envision Flacco playing under such circumstances,” wrote The Sun's Jon Meoli.

 

“[The Ravens] are likely to restructure and free up some more money for Flacco's supporting cast in 2016.”

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