Joe's Deal

[cravnravn]

 

The Ravens do not officially release the details of player contracts.

But multiple reports are surfacing detailing quarterback Joe Flacco’s new deal.

Here’s what’s out there, which again has not been confirmed by the team:

• Total salary of six years, $120.6 million. $20.1 million per season. [ESPN]
• $52 million guaranteed [The Baltimore Sun]
• $29 million signing bonus [The Baltimore Sun]
• Base salaries of $1 million in 2013, $6 million in 2014, $7 million in 2015, $18.2 million in 2016, $20.6 million in 2017 and $20 million in 2018 [NFL Network]
• Flacco will get $30 million in Year 1, $51 million over the first two years and $62 million over the first three. [The Baltimore Sun]
• Deal will count $6.8 million against 2013 salary cap (just 5.6 percent of the total cap) [The Baltimore Sun/ Pro Football Talk]
• Deal will count $14.8 million against the 2014 salary cap. [sports Illustrated]
• In Year 4, the salary-cap hit will jump to $29 million. “That will likely mean the deal will be restructured after the first three years,” writes The Sun’s Aaron Wilson. [The Baltimore Sun]

 

[oldno82]

Good job, thanks Crav!

[papasmurfbell]

http://russellstreetreport.com/breaking-down-the-early-reports-on-flaccos-new-deal/?fb_action_ids=10200508263486352&fb_action_types=og.recommends&fb_source=other_multiline&action_object_map=%7B%2210200508263486352%22%3A263342293800639%7D&action_type_map=%7B%2210200508263486352%22%3A%22og.recommends%22%7D&action_ref_map=%5B%5D

 

[cravnravn]

Good chart Pops!!

[cravnravn]

[varaven45]

 

Crav,

 

Good stuff ! Do you know where this puts us relative to the cap (assume we are still under ) ?

[papasmurfbell]

My guess is around 10 mil.

[52isUnstoppable]

That 2016-2017 cap hit is cRAzzzZZYyyyyy

[cravnravn]

Crav,

 

Good stuff ! Do you know where this puts us relative to the cap (assume we are still under ) ?

 

We are at 10 mil under

[papasmurfbell]

[vmax]

Here's the best way to look at the deal...

 

 

...In reality, this is also a three-year, $62 million deal. In 2016, Flacco is set to count $29 million against the cap, with an $18 million base salary. Even with projected cap growth, that's a huge number. Thus the Ravens will enter the terrain teams like the Steelers and Giants know all too well, restructuring a quarterback deal. It's a good problem to have.

The Ravens could convert $16 million of that base salary to a bonus, pay it to Flacco in February of 2016, and trim that cap number back to a more tenable $19 million (and if they add a year on to the deal they could lower it by another few million based on salary cap prorations). So it won't be all that long until Linta is on the phone with the Ravens again, and given recent history, I wouldn't bet against Flacco at this point.

http://www.cbssports.com/nfl/story/21811316/flacco-felt-hed-get-his-price-20m-a-year-and-respect-in-baltimore

[oldno82]

I'm not real concerned about the out-years because they'll just restructure. As the article pointed out, its a good problem to have.