Deal Done!

[reddog271]

just got a tweet form the sun that the deal is done.

[OutsideRzAcE]

Woohoo! Nfl.com reporting the same thing!

[OutsideRzAcE]

Very few details, but ESPN says it will make him the highest paid QB in NFL history. Hmm.... I hope that's because it's a 7 or 8 year deal and not because it's a 20 mil a year contract.

 

http://espn.go.com/nfl/story/_/id/9006059/joe-flacco-baltimore-ravens-reach-agreement-according-source

[reddog271]

saying more per year.. not most in total. but if it's long enough the cap number will be very low this year and that's what we need.

[thesteelhurtin]

6 years 120 good for him but in about 3 years yinz are going to be in the same spot salary cap wise as the Steelers are in noe

[OutsideRzAcE]

6 years 120 good for him but in about 3 years yinz are going to be in the same spot salary cap wise as the Steelers are in noe

 

That's ok. If he's worth it, we'll restructure. If he's not we'll cut him.

[varaven45]

Joe's being shown the money ! Where's the Tom Cruise photo when you need it ? Max, Crav ?

[cravnravn]

• 

[cravnravn]

Yo Max, text me your number, dropped my old phone in the pool, couldnt retrieve my contacts

[varaven45]

 

• 

Crav,

 

That's Joes milk money right there ! Show me the money !

[cravnravn]

thats 10gs a bundle

[thesteelhurtin]

 

That's ok. If he's worth it, we'll restructure. If he's not we'll cut him.

Yeah that's why I don't mind Ben restructuring all the time franchise qbs don't come around all the time and they aren't cheap. t the end of the day though they are worth it. I think that's one thing every Steelers and ravens fan can agree on because both teams have seen some great defenses wasted due to a quarterback.

[papasmurfbell]

Where are the details of the deal? So far can't find any.

[papasmurfbell]

http://profootballtalk.nbcsports.com/2013/03/02/getting-sixth-year-on-flacco-deal-was-a-win-for-ravens/

 

 

Getting sixth year on Flacco deal was a win for Ravens

Though there’s a chance Joe Flacco may now be able to buy Disneyworld, the key details regarding his agreement in principle — signing bonus, guarantees, structure, etc. — still aren’t known. But one league insider with extensive experience negotiating major contracts says that one known fact puts a check mark in the team’s win column.

The sixth year.

Though Flacco has satisfied his objective of clearing the bar (barely) set by Drew Brees at $20 million with a $20.1 million average, the sixth year of the $120.6 million contract was critical to the Ravens.

A five-year deal with a $20.1 million average would have put Flacco and the Ravens back in this same situation, at a time when he has only 10 years of experience. As we pointed out last weekend, low cap numbers in the early years of a five-year deal means big cap numbers later (like in the Brees contract) — which also means a franchise tag that would be through the roof in the first year after the deal expires.

That franchise tag then becomes the starting point for the next contract.

Per the source, the Ravens likely will pay out significant cash in the first 12 months, and likewise in the first three years. That’s the precedent they set in contracts given to players like running back Ray Rice, linebacker Terrell Suggs, and defensive lineman Haloti Ngata.

Regardless of the money paid on the front end, the Ravens most likely will have insisted on a sixth year with a cap number that translates to a franchise tender (based on the provision guaranteeing the franchise player a 20-percent raise) that the Ravens would be able to fit under the cap, come 2019.

By then, Flacco will have 11 years in the league — and he’ll be 34 years old. Considering that plenty of today’s franchise quarterbacks are in that same chronological ballpark, Flacco could ultimately be in position to sign another deal that barely clears whatever the high-water mark for quarterbacks is at the time.

[oldno82]

 

Yeah that's why I don't mind Ben restructuring all the time franchise qbs don't come around all the time and they aren't cheap. t the end of the day though they are worth it. I think that's one thing every Steelers and ravens fan can agree on because both teams have seen some great defenses wasted due to a quarterback.

 

 

You hit the nail on the head. You've got to pay a franchise quarterback because they're so damned hard to find and so important to your team. Before Joe we had something like 14 quarterbacks in 15 some years. I'm glad the deal is done.

[papasmurfbell]

I think that the squealers should be looking to move on from Ben soon. It is only so long that he can take the beatings he does.

[vmax]

He gets $54,000 a day, every day, wether he works or not.

 

What Joe makes in a day, I can't make in a year as a poster.

[papasmurfbell]

http://profootballtalk.nbcsports.com/2013/03/02/ultimately-ravens-got-flacco-for-seven-years-127-3-million/

 

Ultimately, Ravens got Flacco for seven years, $127.3 million

When assessing the consequences of the gamble the Ravens lost (by winning the Super Bowl), it’s important to remember one thing.

By not signing a new deal prior to the 2012 season, quarterback Joe Flacco played last year for $6.76 million.

If, hypothetically (wink . . . nod . . . fart), the Ravens had offered Flacco in August 2012 a five-year deal that would have replaced the final season of his five-year rookie contract and if, hypothetically (wink . . . nod . . . shart), the five-year package had an average of $16 million per year, the Ravens came out of this not with a five-year, $80 million dollar deal but a seven-year, $127.3 million arrangement.

The average over the seven years is $18.19 million. By the last few seasons of the deal, there’s a chance that 10 or more quarterbacks will be making as much or more per year.

Even if the Ravens had been offering $18 million per year last August, they would have had Flacco under contract through 2016. He’s now under contract through 2018, at roughly the same average.

So while Flacco indeed took a chance and won, the Ravens didn’t lose quite as badly as they could have — especially if the two sides hadn’t agreed to a deal by Monday, at which time the Ravens most likely would have applied the non-exclusive franchise tag and other teams would have accelerated their plans to make a run at getting Flacco to sign a front-loaded offer sheet.

To his credit, Flacco opted not to push the game of chess/chicken to the brink. In that regard, he did far more for his team this week than did St. Thomas of San Mateo

 

[oldno82]

interesting. So things worked out almost the same for the Ravens.