The Ravens and quarterback Joe Flacco continue to try to work out a new contract, one that will drop his cap number from $28.55 million for 2016 to something much lower.
Per a source with knowledge of the situation, the two sides remain close; they plan to meet again on Monday, after the Scouting Combine workouts. A deal isn’t done yet, but it possibly will happen soon.
And here’s where we win the #pulitzer. According to the source, the deal will happen within the next 2-4 days. Or it won’t.
Even if it doesn’t happen by the end of the week, the Ravens still have more time to make it happen. Or they could simply decide to carry a cap number that seemed prohibitive in 2013, but that isn’t nearly as big of a deal now. Indeed, the total cap for each team has gone up more than $32 million since Flacco’s deal signed — that’s more than enough to cover his entire cap number for 2016.
Let’s consider that for a moment. The salary cap has spiked by $10 million or more per year for each of the last three, but the high-water mark at quarterback hasn’t changed. Whether it’s measured by Flacco’s record high $20.1 million average on a brand-new deal of Aaron Rodgers‘ record high $22 million average in “new money,” no one has surpassed either of those guys under the relevant metrics.
Eli Manning had the leverage to do it, but the Giants shamed him into not wanting more than $22 million per year in new money by leaking that he wanted to be the highest-paid player in the league. Still, someone needs to surpass Flacco’s average on a brand-new deal or Rodgers’ new-money average; the total spending allocation per team has increased by more than 25 percent since Flacco and Rodgers signed.
So don’t be surprised if Flacco pushes either or both numbers higher on a new deal. And don’t be surprised if the Ravens choose to keep him instead under the terms of his current deal. The Ravens have the cap space to make either scenario happen, thanks to more than $32 million per year that they didn’t have when Flacco signed his current contract.