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More details emerge on Flacco deal

Flacco Getty Images

While some questions remain regarding the Joe Flacco contract, plenty have been answered.

It’s a six-year, $120.6 million contract.  We reported last night that Flacco will earn $51 million over the first two years and $62 million over the first three.

A cap number of $29 million in year four means that, unless Flacco will be surrounded by multiple offspring of Slappy McSlapperstein, it’s a three-year, $62 million contract that will be replaced with a new contract in 2016.

The guarantee covers $52 million, with $30 million of it fully guaranteed.

As a practical matter, $45 million is fully guaranteed (read on), and all $62 million over the first three years will be paid.

Per Albert Breer of NFL Network, Flacco receives a $29 million signing bonus; a $1 million base salary in 2013 (fully guaranteed, as if it needed to be); a $15 million option bonus in 2014 guaranteed for injury only (but, as a practical matter, it will be paid); a $6 million base salary in 2014; a $7 million option bonus in 2015 (guaranteed for injury); and a $4 million base salary in 2015.

In 2016, the salary spikes to $18.2 million.  Which, coupled with bonus allocations that push the cap number to $29 million, means that it will be time to get cap relief with a new deal.

A new deal that will pay Flacco at the top of the market if he’s still performing at that level.  Or a new deal that will pay him less, if that’s where he is.

And that’s where things could get interesting.  If the team and the player disagree in three years on the question of where he ranks among the best quarterbacks, it could be difficult to come to a consensus on what he should earn.

Unlike Tom Brady, who has decided in advance to take less in 2015, Flacco will have the leverage of an $18.2 million base salary and a $29 million cap number in 2016.

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21 Responses to “More details emerge on Flacco deal”
  1. adantsa says: Mar 4, 2013 10:52 AM

    These figures are getting absurd.

  2. breastfedted says: Mar 4, 2013 11:18 AM

    This could go down as the worst deal of all time. The Ravens are idiots. Flacco’s not a terrible QB, but he’s certainly not one of the best. Look how inconsistent he’s been throughout his career. To waste this much money on one player based solely off one little hot streak in the playoffs is absolute foolishness. The good thing, though, is that everyone else will benefit for years as the Ravens’ hands are tied by the absurd contract they gave to an average QB.

  3. cardinalsfan87 says: Mar 4, 2013 11:22 AM

    Just because your a qb and win a Super Bowl doesn’t mean you should be the highest paid player in the NFL. Flacco is not even close to being the best qb.

  4. missthemexpos says: Mar 4, 2013 11:32 AM

    Lawyers have to love the world of pro sports these days, what with lock-outs, strikes, drug testing, appeals over suspensions, let alone the drawing up of contracts between players and management.

  5. acovey10 says: Mar 4, 2013 11:58 AM

    We’ll see week 1-3 how the Ravens games plays out. If he doesn’t perform like the highest paid QB in the NFL, their is going to be criticism, until then, he won the Superbowl without showing any signs on slowing down, give the man what he deserves! And that’s coming from a Broncos fan!

  6. ravenator says: Mar 4, 2013 12:01 PM

    When a QB takes his team to the playoffs back-to-back-to-back-to-back-to-back, wins a superbowl, wins superbowl MVP, numerous AFC Championship appearances, you pay him. And now you haters can continue to hate while Joe Flacco and the Ravens continue to win. Cheers!

  7. vikings1976 says: Mar 4, 2013 12:05 PM

    “But the owners are so greedy”

  8. iamedreed says: Mar 4, 2013 12:36 PM

    just bc you are the highest paid player doesn’t make you the better then everyone else in the league. This is how contracts in the NFL work, each time they get a little bit bigger and you can thank the greedy agents for that

    now if anyone else has a better idea for what the ravens could do at QB this year id love to hear it, but unfortunately this is the only option

    BTW flacco has won more games then any qb in the league over the past 5 years, ill take that inconsistency

  9. mrpkg says: Mar 4, 2013 12:45 PM

    The Ravens will be choking on this contract for the next six years.

    Joe had a great six week run to the Super Bowl, but he is still the QB who has an average completion percentage and gets rattled.

  10. ralphtherealravenfan says: Mar 4, 2013 1:16 PM

    Inconsistent as he can be during the regular season, he still helps us win those games to get to the playoffs. Every year. But they’re paying him more for his last 3 playoff appearances, 18 TD’s, 2 INT’s. That’s crazy good, against playoff teams. Then when he finally got up from under Cam Cameron, he started to fully blossom. It worked for Drew Brees when he got with Sean Payton as well. Under Cameron, Brees was NOT the 20 million dollar QB we know and love now. And the Ravens are paying for their future. It’s a lot of money, but it’s the going rate for top quarterbacks, and yes he IS a top QB despite his up and downs. I don’t care how good your defense is, you don’t make the playoffs every with an average quarterback. It’s impossible. Flacco earned his money.

  11. bmoreravens1012013 says: Mar 4, 2013 1:30 PM

    You Flacco haters that think the ravens overpaid are silly and ignorant to business workings in the NFL. Nobody is worth 100million bucks in my eyes but its dictated by the market and an winning franchise qbs arnt growing on trees…give me a break , geez…

  12. scoobies05 says: Mar 4, 2013 1:52 PM

    iamedreed….great post my friend. let the haters hate. time will tell the true story.

  13. j0esixpack says: Mar 4, 2013 2:37 PM

    So is Florio going to portray this as a “salary cut” for Flacco?

    Because since Florio thinks Brady’s deal is a pay INCREASE – even though the extension gives him about half as much as the Jets gave Sanchez – that would make just as much sense.

    Regardless I think this is great news. I’m all for seeing other teams pay average QBs as the best in football – and have no problem with Brady leaving money on the table to be spent on fielding a better team.

  14. j0esixpack says: Mar 4, 2013 3:02 PM

    iamedreed says: flacco has won more games then any qb in the league over the past 5 years, ill take that inconsistency

    —————————————
    You’re right – From 2008 – 2012 he’s got 4 more wins than Brady.

    Of course, Ravens fans may have neglected to note that Brady didn’t play in 2008.

    Flacco is averaging just under 10.8 wins per season. Not bad, certainly.

    Over the same time period, not counting the year they sat out, Brady and Manning both averaged 12.25 wins per season. Brady’s career average for full seasons is 12.40 wins.

    Seems like Ravens fans are having to engage in some “funny math” to justify the contract.

  15. patfanken says: Mar 4, 2013 3:04 PM

    By paying the largest contract in league history and structuring so its over $20MM under the yearly average the first 2 years, give the Ravens a short term window to stay competitive before the cap shuts them down.

    Its a mistake to imply that in 3 years the Ravens can simply redo the deal, like its no problem. That $20MM isn’t going away….EVER.

    Florio might hate it, but unless your QB is named Tom Brady, or is still playing under his rookie contract, your QB is taking too much of your cap. And if you believe that the cap is suddenly going to drastically expand in 2015 and 2016. I have a bridge to sell you. They are already borrowing against the future to get the 2% bump they got this year.

    BTW- its not like the Ravens didn’t get the best deal that they could. Even the elite QB’s get paid too much.

  16. bucrightoff says: Mar 4, 2013 3:10 PM

    So from what I generally read from Ravens fans, Joe Flacco has the most wins in the last 5 years…because of Joe Flacco? Are you suggesting Flacco is the only QB who could have achieved this with the team around him?

  17. lovefootball4life says: Mar 4, 2013 3:35 PM

    breastfedted says:
    Mar 4, 2013 11:18 AM
    This could go down as the worst deal of all time. The Ravens are idiots. Flacco’s not a terrible QB, but he’s certainly not one of the best. Look how inconsistent he’s been throughout his career. To waste this much money on one player based solely off one little hot streak in the playoffs is absolute foolishness. The good thing, though, is that everyone else will benefit for years as the Ravens’ hands are tied by the absurd contract they gave to an average QB.

    “`Based on your username I think I know the answer already but did you just start watching football? “One little hot streak in the playoffs” I think it is really 5 hot streaks in 5 years. Not everyone ended the same but that is still better than any other QB in history. Maybe its time to move up to solid foods.

  18. raqaiw says: Mar 4, 2013 3:43 PM

    bucrightoff says: Mar 4, 2013 3:10 PM

    So from what I generally read from Ravens fans, Joe Flacco has the most wins in the last 5 years…because of Joe Flacco? Are you suggesting Flacco is the only QB who could have achieved this with the team around him?
    _____________________________________
    Shoulda,coulda,woulda is irrelevant. Flacco was and is the QB who won those games with the Ravens. So he got paid.
    _____________________________________
    j0esixpack says: Mar 4, 2013 3:02 PM

    You’re right – From 2008 – 2012 he’s got 4 more wins than Brady.

    Of course, Ravens fans may have neglected to note that Brady didn’t play in 2008.
    ___________________________________
    So we should devalue Flacco’s numbers because he(unlike Brady,Manning,and others) DOESN’T miss games? The numbers are what they are. He’s got the most wins, he’s the SB MVP, so he got paid. End of story.

  19. ravenator says: Mar 4, 2013 4:06 PM

    Maybe Brady has half his wins because he plays in the weakest division in all the NFL. Chew on that for awhile

  20. bucrightoff says: Mar 4, 2013 4:19 PM

    You Ravens fans aren’t the smartest bunch are you? Cause the Browns and Bengals are, what, the 85 Bears now? The AFC East produced 2 playoff teams in 09 and 10, just like the AFC North.

  21. randallflagg52 says: Mar 4, 2013 8:21 PM

    You read the actual details of the contract as Florio wrote it in the article, and it looks like a win/win for the Ravens and Flacco.

    You read the comments and you’d think it was the worst sports move ever.

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