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Ravens, Flacco work out a new deal

Joe Flacco AP

Three years ago, the Ravens and quarterback Joe Flacco negotiated a record contract. Today, the two sides have worked out another new contract.

Per a source with knowledge of the situation, the Ravens and Flacco have agreed to terms on a contract that will reduce his $28.55 million cap number for 2016.

Flacco made $62 million from 2013 through 2015, with only $36 million of it hitting the cap. The prior deal averaged $20.1 million per year. It’s not yet known what the new contract is worth.

It’s possible that Flacco will set a new high-water mark for quarterbacks. In three years since Flacco’s last contract, no one has gotten more than $20.1 million on a contract assessed from the moment of signing. With pressure from below, via the Sam Bradford contract and Kirk Cousins‘ $19.95 million franchise tender, it could be time for Flacco or someone else to push the high-water mark even higher.

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62 Responses to “Ravens, Flacco work out a new deal”
  1. @Cereal_5 says: Mar 2, 2016 11:00 AM

    Who is going to block for him other than Yanda & Wagner ? Uh Oh….

  2. floratiotime says: Mar 2, 2016 11:00 AM

    Keep paying him Ravens … but your playoffs dreams have vanished with his contract.

  3. daytontriangles says: Mar 2, 2016 11:01 AM

    Elite!

  4. ravensfan says: Mar 2, 2016 11:02 AM

    Superbowl MVP
    Amazing Post season record

    and people still harp on his contract when the likes of bradford, dalton, and Cousins get huge money and haven’t done squat.

  5. dougchillin says: Mar 2, 2016 11:04 AM

    Waste of money

  6. Seprix says: Mar 2, 2016 11:05 AM

    Flacco may have won a single Super Bowl. Kudos to him. But this huge contact Flacco will get is going to cripple the Ravens for years to come.

  7. steelerstrong says: Mar 2, 2016 11:06 AM

    Over…… Rated.

  8. RavenzGunnerz says: Mar 2, 2016 11:06 AM

    @Cereal_5 says:
    Mar 2, 2016 11:00 AM
    Who is going to block for him other than Yanda & Wagner ? Uh Oh….
    ——————

    Those are pretty good blockers. Aren’t they?

  9. flash1287 says: Mar 2, 2016 11:08 AM

    Say it ain’t so, overrated and still way way overpaid JUMP BALL JOE

  10. radrntn says: Mar 2, 2016 11:08 AM

    please explain how a guys makes 62 million, and only 33 of it counts against the cap, and how it can go down this year.

  11. redrew says: Mar 2, 2016 11:11 AM

    Things that make me laugh
    1) Caddyshack
    2) 3 Stooges
    3) ESPN “journalists”
    3) Joe Flacco …..an “elite QB”

  12. iamapatsfan says: Mar 2, 2016 11:11 AM

    ravensfan says:Mar 2, 2016 11:02 AM

    Superbowl MVP
    Amazing Post season record

    and people still harp on his contract when the likes of bradford, dalton, and Cousins get huge money and haven’t done squat.

    —–

    The problem is that average QBs in general are gettign ridiculously overpaid because the NFL at large is so heavily QB driven. Flacco isn’t a great QB, but he’s the best of the above average lot, so he’ll get an outsized contract that doesn’t help the team. Bradford, Dalton, etc like you say, they are also very overpaid. The talent at QB is lacking in the NFL, so the market is to overpay the average talent in the hopes they play out of their league at the right time, like Flacco.

  13. steelerben says: Mar 2, 2016 11:12 AM

    I’ve commented more than once about how important Flacco is to the Ravens, but making someone the highest paid player in the league when they are coming off of a torn ACL seems a bit overly risky.

  14. jamaltimore says: Mar 2, 2016 11:13 AM

    Great Move, Great QB.

  15. bringmemysoiledfool says: Mar 2, 2016 11:13 AM

    The Sweep continues.

  16. vikingf0rlife says: Mar 2, 2016 11:15 AM

    I wish we had an actual NFL QB like the Ravens. Teddy will never be NFL caliber. His under sized hands and his serve lack of arm talent requires our team to have an elite kicker to win games.

  17. cheatustobeatus says: Mar 2, 2016 11:16 AM

    “Superbowl MVP
    Amazing Post season record

    and people still harp on his contract when the likes of bradford, dalton, and Cousins get huge money and haven’t done squat.”

    A- freaking men! Funny to see the trolls on here talk about his contract holding the Ravens back. This restructure frees up room to sign who they need to and get back to the playoffs. If Cousins and Bradford and some of these other QB’s who haven’t done much will get big bucks, rest assured a guy who can win Super Bowls will get paid too.

  18. spartan01 says: Mar 2, 2016 11:21 AM

    Well there it is. Everyone knew it was coming. It likely adds years and transfers money to bonus. Why? Because its what every team does. What will the trolls do now?

  19. magnusthe1st says: Mar 2, 2016 11:22 AM

    Sorry, Ravens fans. Keep convincing yourself this guy is worth the huge contracts they keep giving him, but at the end of the day, he’s an average quarterback who probably won’t reach the pinnacle again without an elite defense.

  20. newsletterczar says: Mar 2, 2016 11:24 AM

    steelerben says:
    Mar 2, 2016 11:12 AM

    I’ve commented more than once about how important Flacco is to the Ravens, but making someone the highest paid player in the league when they are coming off of a torn ACL seems a bit overly risky.

    Good point on the injury; this may be kicking the can down the road to help the cap. Just once I would like to see a team with a younger (cheaper at least for the upcoming year) roster give a player who has earned a big contract (Von Miller or Richard Sherman for example) the entire signing bonus in the first year of the contract so the newly signed player has a workable number in future years. This looks like putting everything on a credit card and then it comes due and your team is in cap hell (see the Saints).

  21. steelcurtainn says: Mar 2, 2016 11:24 AM

    Flacco is a good qb but he’ll never be great. He should be thanking the heavenly stars Denver choked in the divisonals a few years back to give Flacco his one and only sb appearance and of course the overpaid contract that always comes with it.

  22. xxbarklikeadogxx says: Mar 2, 2016 11:28 AM

    He is GOAT Elite!! Ravens should have paid him more.

  23. chasezdad16 says: Mar 2, 2016 11:35 AM

    “Superbowl MVP
    Amazing Post season record

    and people still harp on his contract when the likes of bradford, dalton, and Cousins get huge money and haven’t done squat.”
    ——————————————————–
    I can agree on Bradford and Cousins, but regardless of a playoff win, Dalton is a 5 year 50+ win Starting QB, who before he got hurt had the Bengals looking SB worthy…

  24. laxer37 says: Mar 2, 2016 11:35 AM

    Ravens were backed into a corner with that contract. Most likely converted a sizable portion of the contract into a signing bonus. This allows them to spread out the hit over the life of the 5 year contract.

    The problem with kicking the can down the road is, relief now means they’ll be in the same situation with the cap for years to come.

  25. spartan01 says: Mar 2, 2016 11:37 AM

    please explain how a guys makes 62 million, and only 33 of it counts against the cap, and how it can go down this year.
    ~~~
    Only his annual salary and a small portion of the bonus hits the cap each year. The full bonus is given to him at signing but hits the cap as it is spread over the life of the contract like peanut butter over bread. The back half of his contract still had a large lump of peanut butter (that is typical) which is a large cap number. They add more bread (extend years) and flatten that lump of peanut butter out.

  26. pittsburghdamned says: Mar 2, 2016 11:39 AM

    Hahahahahaha

  27. spartan01 says: Mar 2, 2016 11:40 AM

    I can agree on Bradford and Cousins, but regardless of a playoff win, Dalton is a 5 year 50+ win Starting QB, who before he got hurt had the Bengals looking SB worthy…

    ~~~~~~

    It takes more than a QB to be super bowl worthy and it takes a lot more than a regular season stats winner to make anyone stand up and take notice. When Dalton wins in the post season, and I say will because I believe he will someday, people will care but for now they don’t.

  28. clwb419 says: Mar 2, 2016 11:43 AM

    radrntn – Mostly this is likely due to signing bonus. A signing bonus can be prorated over 5 years, while a salary is only accounted for in the league year it is paid.

    I don’t know his contract details, but lets say it was a 5 year deal worth 110 million with a 50 million signing bonus. And lets say his salary in year 1 was 5 million, year 2 was 10 million, years 3-5 15 million each.

    His salary cap hit would for year 1 would be 1/5 of the 5om plus his salary, or 15m. Year 2 would be 1/5 of the 50m plus his salary, or 20m. Year 3 would be 1/5 of the 50m plus his salary, or 25m,

    In this case, he’d already have received the 50m (despite the way the cap hits work) plus years 1, 2 and 3 salary or 50m plus 5m plus 10m plus 15 m – total of 80m So he’d have earned 80m over the 3 years, but only had 15m+20m+25m (65m) cap hit

    ________________________________
    radrntn says:
    Mar 2, 2016 11:08 AM
    please explain how a guys makes 62 million, and only 33 of it counts against the cap, and how it can go down this year.

    5 3

  29. mdterpfan88 says: Mar 2, 2016 11:43 AM

    Good move by Ravens. With the cap continuing to increase by 10+ million a year, this contract will be considered minor in the next few years.

  30. streetyson says: Mar 2, 2016 11:44 AM

    Overpaid. Flacco’s a pretty good QB, but def not elite (only the best 2 or 3 QBs at any time can be called that or else the word elite becomes meaningless). An 84.8 career passer rating actually only puts him 18th among current QBs, but I’d say he just squeaks into most people’s top 10. Some Ravens fans will point to a great phase or two over the years, but so could many pretty-good QBs. Add to that the fact that the Ravens D earned much of that team’s success during Flacco’s tenure.

  31. troy43mvp says: Mar 2, 2016 11:45 AM

    The Ravens off season is shaping up nicely (tongue in cheek)

  32. scmems07 says: Mar 2, 2016 11:46 AM

    These QB contracts are getting out of hand. Especially now since the past couple SB winning teams primarily won because of the defense and the QB was just a hindrance (Den, Sea).

    As much as I don’t like Brady and his cheating ways, I give him props for taking less money for the team to get better.

  33. hakunamangata says: Mar 2, 2016 11:47 AM

    Sorry, Ravens fans. Keep convincing yourself this guy is worth the huge contracts they keep giving him, but at the end of the day, he’s an average quarterback who probably won’t reach the pinnacle again without an elite defense.

    Yup that 2012 Defense sure was special wasn’t it? I mean you can’t lose a Superbowl when you rank 17th overall.

    I mean that’s almost middle of the league here! Super BOWL SUPER BOWL!

  34. realdealsteel says: Mar 2, 2016 11:52 AM

    Flacco doesn’t need to renegotiate; Just keep all that big doe Flacco. Your elite.

    heehehehehe…

  35. realdealsteel says: Mar 2, 2016 11:53 AM

    Flacco is a bum; a middle of the road QB. But as long as he hamstrings the Ravens salary cap, he’s a great friend to the Steelers.

  36. mrfoozball says: Mar 2, 2016 11:56 AM

    Drew Brees demands an explanation!

  37. themage78 says: Mar 2, 2016 12:02 PM

    Ray Lewis won him that first Superbowl. No Ray Lewis = no great defense and Flacco isn’t a QB who can make up for a lousy defense.

  38. dontstabmeray says: Mar 2, 2016 12:15 PM

    Since wining SB 47 Joe Flacco has 60 TD passes vs 46 INTs—-2nd worst ratio in NFL over that time frame—behind only Geno Smith. HAHAHAHAHAHAHAHA

  39. bazookajoeflacco says: Mar 2, 2016 12:15 PM

    @Cereal_5 says:
    Mar 2, 2016 11:00 AM
    Who is going to block for him other than Yanda & Wagner ? Uh Oh….

    ——————————–
    K.O. now that the Ravens have wiggle room to negotiate.

  40. bazookajoeflacco says: Mar 2, 2016 12:18 PM

    themage78 says:
    Mar 2, 2016 12:02 PM
    Ray Lewis won him that first Superbowl. No Ray Lewis = no great defense and Flacco isn’t a QB who can make up for a lousy defense.
    ——————————————–
    The Ravens defense was extremely average the year they won the superbowl. When surrounded with weapons like Boldin, Pitta and Rice Joe Flacco is very good at winning ball games.

  41. freedomofspeechyesway says: Mar 2, 2016 12:20 PM

    “Ray Lewis won him that first Superbowl.”

    Ray Lewis threw 11 TD’s and no INT’s, tying Joe Montana? Who knew!?

  42. jaydeebee21 says: Mar 2, 2016 12:23 PM

    Those calling Dalton’s contract excessive might want to actually take a look at it.

    In terms of average yearly salary he is ranked 20th in the league at $16 million a season. Just below Palmer at 16.5 and above Nick Foles at 12.27 million.

    Questionable Quarterbacks earning more then Dalton

    Matt Ryan

    20.75 Million

    Colin Kapernick

    19 million

    Matt Stafford

    17.6 Million

    Qb contract at 20th in the league seems like a good deal for the Bengals for a Qb that has a 50-26-1 record and taken his team to the playoffs every year he has been in the league and led the AFC in passer rating last season.

  43. coltcountrysteelerfan says: Mar 2, 2016 12:27 PM

    The massive cap hits being reduced will still be paid at some point, so as we heard being Steeler fans, keep kicking the can down the road…also lets not get ahead of ourselves. I didn’t notice terms of a new deal yet but I did quickly skim thru the article. Also I thought Dalton’s contract had a lower base but had incentives? Let’s just hope Flacco doesn’t turn into a deer looking in head lights or suffers more injuries to that knee, look at Bradford and Palmer. This team has a lot more needs this year then the reduced cap hit can give them.

  44. spartan01 says: Mar 2, 2016 12:27 PM

    Ray Lewis won him that first Superbowl. No Ray Lewis = no great defense and Flacco isn’t a QB who can make up for a lousy defense

    ~~~~~~
    Great defense huh? In 2012 (that’s the year they won by the way) the defense was ranked:

    17th overall
    17th in passing
    20th in rushing.

    So…yeah…there is that

  45. steelerben says: Mar 2, 2016 12:28 PM

    themage78 says:
    Mar 2, 2016 12:02 PM
    Ray Lewis won him that first Superbowl. No Ray Lewis = no great defense and Flacco isn’t a QB who can make up for a lousy defense.

    +++++++++++++++++++++++++++++++++++++++++++++

    Ray Lewis was in his retirement year and playing FAR below his standard that season. If anything Suggs and Ellerbe were carrying the defense that season, not to mention it was probably Ngata’s last good run.

    I understand the desire to troll Raven’s fans, but at least show that you watch football first.

  46. gofor2with3pointlead says: Mar 2, 2016 12:39 PM

    With the bafoons in ownership and managment fool enough to structure their franchise salary cap so one player, even a QB, takes %15-%20 of a 53 slice pie, they will regret it. But that’s the Ponzi scheme the players were sold in the CBA, along with the negligently low $155,270,000 which still comes to less than a 3 mil avg. if it were distibuted evenly. Kirk Cousins is gonna be picking up a lot of tabs if signs his tender, because that’s crazy money for that dude.

  47. darkneptune73 says: Mar 2, 2016 12:42 PM

    Time for Flaccid to continue being terrible.

  48. deathspiralx says: Mar 2, 2016 12:44 PM

    That’s a lot of cash for someone who is good, but not great…

  49. wallabear says: Mar 2, 2016 12:44 PM

    2013: 8-8
    2014: 10-6
    2015: 5-11

    $40M “guaranteed” — “YOU CANNOT BE SERIOUS?”
    (Johnny Mac/John McEnroe)

  50. ravenswinsuperbowl47 says: Mar 2, 2016 12:50 PM

    Great move by the Ravens front office!

    Ravens will be back in the playoff mix in 2016, after that freaky 20 man IR club in 2015 (includes Flacco). The Flacco-Roethelisberger matchups for another 5 years or more.

  51. ravenmuscle says: Mar 2, 2016 12:53 PM

    At least Flacco is worth the money and ELITE while Brady and Roethlisberger are washed up has beens and grossly overpaid rapists and cheaters.

  52. patsfan4lifesbchamps says: Mar 2, 2016 12:53 PM

    Flacco has benefitted from being surrounded by great teams, good coaching, and an overall great front office for most of his career. He owes most of his post season success to those factors. Don’t expect him to carry a team which excludes him from any elite QB discussion.

  53. gofor2with3pointlead says: Mar 2, 2016 12:53 PM

    Baffoons. And 20 mil is %22.6 of this years cap level.

  54. whenwilliteverend says: Mar 2, 2016 1:10 PM

    More than likely this kicks the can down the road which ensures they will be hampered by his contract for five more years. Also more than likely is the cap hit will increase as the years go by. They can count on the cap increasing but they better hope it increases enough to make up what he’ll cost them. In essence it’s going to be like the cap going up for all teams–except the Ravens because the increase will go into Flacco’s pocket. He must have an extremely good agent to hamstring the Ravens the way he has. Good luck missing the playoffs for five more years Ravens fans thanks to your over-paid average QB.

  55. steeltroll says: Mar 2, 2016 1:16 PM

    Ravens have no choice. Easy for trolls with second rate QBs to make fun of the Ravens for this. Excluding the Pats, Seahawks, Steelers, Packers, and maybe Raiders, if Jump Ball Joe was your QB, you’d be screaming pay the man.

  56. jfolland says: Mar 2, 2016 1:25 PM

    So the cap has increased by over 20M since he signed his contract….”kicking the can down the road” has allowed them to shift the higher cap numbers to when there is a higher cap….

    Makes sense to me..but what do I know.

  57. nite2al says: Mar 2, 2016 1:41 PM

    Why is it that Flacco consistently has the only QB contract that hurts his team? HATERS everywhere!

  58. ninkanpoopblog says: Mar 2, 2016 1:52 PM

    I’m not a ravens fan but I would take flacco in a heartbeat and all you haters would also the trouble the ravens have he has a laughable offense the guy is going to get run out of that armpit of a city and it won’t be his fault

  59. TebowedOutOfThePostSeasonAndNeverToReturn says: Mar 2, 2016 2:24 PM

    This is why we win championships.

  60. yyyass says: Mar 2, 2016 8:10 PM

    Flacco will never leave Baltimore. He is the Great White Hope of his fanboys.

  61. troy43mvp says: Mar 3, 2016 9:11 AM

    “TebowedOutOfThePostSeasonAndNeverToReturn says:
    Mar 2, 2016 2:24 PM

    This is why we win championships”

    ——————————————————

    By saying “we” you mean The Pittsburgh Steelers!

  62. triggerdawg says: Mar 3, 2016 11:36 AM

    Troy he has to mean the steelers,he’s always posting on steeler articles so that by itself shows an obsession

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