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Flacco gets $66.4 million in new money, $44 million at signing

BALTIMORE, MD - NOVEMBER 15:  Joe Flacco #5 of the Baltimore Ravens celebrates after throwing a first half touchdown pass against the Jacksonville Jaguars at M&T Bank Stadium on November 15, 2015 in Baltimore, Maryland.  (Photo by Rob Carr/Getty Images) Getty Images

Ravens quarterback Joe Flacco has agreed to a three-year extension designed to chop down his $28.55 million cap hit in 2016 and an even bigger one in 2017.

According to multiple reports, he’s accomplished that with a deal that gives him $44 million in guaranteed money at signing. Flacco will receive a $40 million signing bonus that can be spread over the life of the deal, which is now set to expire after the 2021 season, and a $4 million base salary for the 2016 season. The deal drops his cap hit by $6 million this season.

Flacco made $62 million over the last three seasons, which means he’s at $106 million in total earnings over the last four years. It’s hard to argue with the observation that Flacco has taken full advantage of his earning power since winning a Super Bowl with the Ravens in February 2013.

The total new money in the deal is $66.4 million, which is an average per year of over $22.1 million. That would the highest in the league, although the total including the original deal is lower and Saints quarterback Drew Brees‘ expected extension this offseason could further alter the landscape for NFL quarterbacks.

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50 Responses to “Flacco gets $66.4 million in new money, $44 million at signing”
  1. sbdt says: Mar 2, 2016 1:47 PM

    Good for him.

  2. steeltroll says: Mar 2, 2016 1:47 PM

    Cool.

  3. joefelicelli says: Mar 2, 2016 1:49 PM

    Not bad for a guy coming off a major injury…Considering how much Bradford and Cousins got this week, this sounds about right.

    My guess is Luck is the first $25M man….

  4. mongo3401 says: Mar 2, 2016 1:50 PM

    I appreciate the sport and in no way jealous of the money these guys make, but, this is kinda getting funny stupid on the prices being pad for QBs. In about 10 years a cheap ticket to go to a game will be around 300 for last row nose bleed. Heck, by then QBs will buy a team.

    I agree with others on one part about the money. It’s getting stupid now in regard to QBs. Cousins 20 mil. Tannehill , Bradford. Now Flaccon? Not one of them could shine the shoes is any great QB that played the game. Not one of them.

  5. glac1 says: Mar 2, 2016 1:51 PM

    Now he needs to earn some of it. That amount is absurd.

  6. tylawspick6 says: Mar 2, 2016 1:51 PM

    So, one MASSIVE blunder in 2013 at 20 mil per, followed up by another with this, as an attempt to dig out from under cap hell.

    Hilarious.

    Go look at Ozzie’s drafts, say, since 2010.

    That’s the problem.

    Buying your way out of it, won’t work, especially if other teams are nailing drafts, generally speaking.

    The rookie cap is a great way to keep costs down, so when you do need a higher end FA to supplement your roster, you don’t have to overpay.

    Translation?

    Ozzie Newsome has little to no leverage as a GM, as is the case with a LOT of GMs right now.

  7. flash1287 says: Mar 2, 2016 1:51 PM

    Over paid!!!
    Say it ain’t so, JUMP BALL JOE!

  8. doggeatdogg says: Mar 2, 2016 1:54 PM

    Whaaaaat!

  9. gadgetking2010 says: Mar 2, 2016 1:54 PM

    would love to see a break down of the cap hits per year….

  10. key2heat says: Mar 2, 2016 1:55 PM

    WOW… all this guy can do is throw a deep ball.

  11. RavenzGunnerz says: Mar 2, 2016 1:56 PM

    In 2021, this will look like a great deal.

  12. TebowedOutOfThePostSeasonAndNeverToReturn says: Mar 2, 2016 1:57 PM

    This is the way we win championships.

  13. jgedgar70 says: Mar 2, 2016 1:57 PM

    This is definitely insane money. Hopefully they have to cut 89 so he can come home and retire as a Panther……..

  14. steelerben says: Mar 2, 2016 1:58 PM

    The Ravens aren’t going anywhere without Flacco. Everyone can say what they want about him, but the guy gets the job done and usually without stellar talent around him. The deal might sound like a crippling one if you don’t look at the numbers correctly, but it opens cap space to get some free agent help and pushes the worst of the numbers to the end of the deal, where it will inevitably be renegotiated again. Now all that remains to be seen is what he looks like coming back from knee surgery.

  15. craze32 says: Mar 2, 2016 1:58 PM

    jump ball joe and lil drew brees setting the market for qbs while brady takes less to help the team hmmmm which qb would u want for your team?…. tb12 baby

  16. xxbarklikeadogxx says: Mar 2, 2016 2:04 PM

    Wow. Salary cap hell! Good luck with that!

  17. intrafinesse says: Mar 2, 2016 2:04 PM

    Why pay Flacco 22MM/year? What has he done since the super bowl win 3 years ago?

    I can see 3 years at 20MM (at most).
    This is over paying him.
    Unless the way the contract extension is structured, he won’t make his last pay check and be cut, but thats unlikely with a QB.

  18. shaggytoodle says: Mar 2, 2016 2:06 PM

    Does Flacco still give 10% to the Broncos DBs from the 2012 AFC Championship game… I feel all this all wouldn’t be possible without them.

  19. gotitan says: Mar 2, 2016 2:07 PM

    If he hadn’t been paid, there would have been plenty of you saying “pay the man”.

  20. granadafan says: Mar 2, 2016 2:15 PM

    So, the team is putting money to the future to save money today. What happens four years down the line when the team is again in salary cap trouble?

  21. dansardo says: Mar 2, 2016 2:21 PM

    And THIS is a perfect example of why the ravens are no longer a successful franchise.

  22. gochargersgo says: Mar 2, 2016 2:21 PM

    Jumpball Joe strikes again

  23. psubeerman21 says: Mar 2, 2016 2:22 PM

    To those questioning why you would pay Flacco so much, coming from an eagles fan, this is the going rate. Giving a qb that has never gotten in the postseason 18 a year, what do you think flacco, who does make the playoffs and has won a Super bowl, should make? 22? Sounds kind low, actually

  24. jag1959 says: Mar 2, 2016 2:25 PM

    I am an NFC guy so no axe to grind, the negative comments are amusing though. Throw all the shade at Flacco you want, it’s all been said before. The monopoly money numbers at QB aren’t his doing, the market is what it is. Flacco bet on himself to get the leverage to be at the top of it by winning a SB while playing out the final year of his contract. The bottom line is this deal gets Baltimore $6M in cap room

  25. vikesr4reel says: Mar 2, 2016 2:25 PM

    What a waste of money

  26. eoyguy says: Mar 2, 2016 2:25 PM

    Just another indication of how watered down the QB position has become. No wonder Peyton thinks he can still play.

  27. bigbenh8tr says: Mar 2, 2016 2:29 PM

    steelerben says:
    Mar 2, 2016 1:58 PM
    The Ravens aren’t going anywhere without Flacco. Everyone can say what they want about him, but the guy gets the job done and usually without stellar talent around him. The deal might sound like a crippling one if you don’t look at the numbers correctly, but it opens cap space to get some free agent help and pushes the worst of the numbers to the end of the deal, where it will inevitably be renegotiated again. Now all that remains to be seen is what he looks like coming back from knee surgery
    ______________________________________
    Dallas does this every 3 years. It doesn’t work and only frees up space for bargain.

    My thought it they want to steal Adam Jones from Cincy

  28. crownofthehelmet says: Mar 2, 2016 2:31 PM

    I was having a bad day until I read this. Our division rival making their average-at-best QB the top paid QB in the game. I don’t care what the cap is projected to be, that’s just a bad business decision. In a few years their team will be Flacco, Tucker, and 51 undrafted rookie free agents.

  29. levanderwilliams says: Mar 2, 2016 2:33 PM

    Talk about quietly cashing in! Good for Joe.

  30. nite2al says: Mar 2, 2016 2:36 PM

    Nice job, Ozzie, Flacco…

    You guys just don’t get it. Flacco had to make up for a sub-par Ravens D the last couple of years, and he had to take chances in a lot of games.

    Could have been in another SB, if weren’t for a back loaded Patriots defensive backfield a couple of years ago.

  31. trollaikman8 says: Mar 2, 2016 2:40 PM

    This tops the Bears blunder of the century in signing Cutler, AND THEN extending him

    Looks like another Harbaugh will be available this offseason.

  32. Unsportsmanlike Bragging says: Mar 2, 2016 2:42 PM

    Jay Cutler’s deal looks better and better every day lately. Not that I have anything against Flacco. He’s more deserving than the younger guys who are boom or bust. Even after major knee surgery Flacco will still be the pocket passer he always was.

  33. fwippel says: Mar 2, 2016 3:02 PM

    Wow. For the Ravens’ sake, I hope he plays better than he has since 2012.

  34. drunkraider says: Mar 2, 2016 3:13 PM

    They should get Boldin back, he was great at going up for those jump balls.

  35. noleitup says: Mar 2, 2016 3:17 PM

    Dang I was all happy about my 25 cent raise and then I see this.

  36. ravensrooster94 says: Mar 2, 2016 3:28 PM

    For those of you throwing out meaningless comments with no basis in fact, I just saw Joe Flacco’s new cap structure. It’s very flat, only going up 1 million per year over six years. Seems to be reasonable on both sides.

    With this deal in place 7 days before the start of free agency, the Ravens can now more accurately wield the waiver axe on the team’s deadwood, create even more cap space, get Osemele signed before March 9, and look at some non-retread free agents (for once).

  37. rajbais says: Mar 2, 2016 3:35 PM

    Anything for his cap to go down, I’m for it.

    It’s now time for it to happen to Asa Jackson or anyone else in that crappy secondary.

  38. jayhit says: Mar 2, 2016 3:36 PM

    Stats are garbage less than average QB just look at his numbers post Superbowl win and start laughing 44 million guarantee lol Ozzie for president hahaha

    man this is fun to watch one GM that can’t draft anyone just name an amazing pick in the last 6 drafts, over pays average players, and releases good ones so he can keep average players. Ozzie we trust!!! Lol

  39. daddeeo says: Mar 2, 2016 3:38 PM

    Good for him.

    Of course that is a lot of $ which won’t be available to shore up other positions… stay tuned if this is a GOOD thing or just a windfall for FLACO!

  40. overratedsteelerhater says: Mar 2, 2016 3:43 PM

    if you are going to play this game you gota be a QB that’s all there is to it!!!!!

  41. kcflake says: Mar 2, 2016 4:04 PM

    Wow. A lot of dough for a non top 10 qb. He didn’t play great last year either.

  42. pats are better than your team says: Mar 2, 2016 4:05 PM

    And they won’t even make the playoffs. Amazing!

  43. wizwix says: Mar 2, 2016 4:05 PM

    Hmm. That moment when, at 43, you seriously consider trying to become a professional football player just for the money. At 43.

  44. jack123321 says: Mar 2, 2016 4:20 PM

    Better win Joe!!!!!!

  45. wdcskins says: Mar 2, 2016 4:23 PM

    Fortunate sure does favor the bold. Dude bet on himself to get that last ridiculous contract, and now that contract has to get reworked, at a time when they can’t afford to try and stare him down.

    Baltimore absolutely owes its success, in part, to him. Not to the tune of all *that* money, but some of it. The rest of it, he peeled them back for. As long as it doesn’t stunt the roster, good for him.

  46. annes22 says: Mar 2, 2016 4:28 PM

    Good lord, I hope he plays better than last year. Obviously have to be a QB these days, because that’s ridiculous. He isn’t even in the top tier of QB’s.

  47. jonwill57 says: Mar 2, 2016 4:57 PM

    joefelicelli says:
    Mar 2, 2016 1:49 PM

    Not bad for a guy coming off a major injury…Considering how much Bradford and Cousins got this week, this sounds about right.

    My guess is Luck is the first $25M man….
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    Luck might get $25MM, but he’s not worth it yet..

  48. toybkshr says: Mar 2, 2016 4:57 PM

    What would Montana or Unitas(in their primes) get in today’s NFL?

  49. vetdana says: Mar 2, 2016 5:52 PM

    The BIG Question here is…are wages and Income of those who buy the tickets going to rise enough to allow the continued purchase of same ? They priced me out of the Stadiums many years ago. I will be watching for the increased number of empty Stadium seats as this lack of affordability continues to escalate.

  50. cornbredd says: Mar 2, 2016 6:10 PM

    This still doesn’t answer the question if Joe Flacco is an elite quarterback or not. Talk amongst yourselves.

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