Flacco got paid

[handswarmer]

Originally Posted by eriadoc

That's the first thing I thought. The Ravens FO has done a good job until now. This is their first big screw up.

Yo haven't followed them closely in their dealings.....

[Dutchrudder]

Originally Posted by handswarmer

Yo haven't followed them closely in their dealings.....

The Lee Evans deal comes to mind. Didn't you guys pay him like 8 million for that one year? He was useless.

[Lucky]

Originally Posted by Wolf

Yep Flacco should send Rahim Moore some cash

Or at least to the DB coach that got fired.

Flacco was going to get a big contract, anyway. He would have been the most sought after QB on the market, Super Bowl win or not. Flacco really responded to the coaching change, and looked like a much more confident QB. His postseason was superb. Flacco is the best player on the Ravens now. This contract should not come as a surprise.

[Goatcheese]

It could be worse. They could have overpaid for an average guy on a three game hot streak... oh wait.

[ChampionTexan]

$29 Million signing bonus, $52 Million guaranteed (some might be only for injury), $51 Million in cash in first two years, $62 Million in cash in the first three year, and a $6.8 Million cap hit for 2013.

Several different sources on this, but here's one that's got most of the info.

LINK

[GP]

Originally Posted by Goatcheese

It could be worse. They could have overpaid for an average guy on a three game hot streak... oh wait.

Or even worse, offering a new deal to a QB after the very first game of the season.

[thunderkyss]

Originally Posted by ChampionTexan

...and a $6.8 Million cap hit for 2013.

LINK

whuuuuuttttt!!??

[ChampionTexan]

Originally Posted by thunderkyss

whuuuuuttttt!!??

Yep!

As La Canfora pointed out, the cap hit to the Ravens in the first year of Flacco's deal is almost unfathomably team-friendly. In 2013, Flacco's cap number will be about $6.8 million, which makes his number only the fifth-biggest hit (!) to the team.

LINK

But with a $33 Million (over and above the signing bonus) coming in the first three years, you know years two and three are doozys!

[infantrycak]

Originally Posted by ChampionTexan

$29 Million signing bonus, $52 Million guaranteed (some might be only for injury), $51 Million in cash in first two years, $62 Million in cash in the first three year, and a $6.8 Million cap hit for 2013.

Several different sources on this, but here's one that's got most of the info.

LINK

This makes no sense. $29 mil prorated over 6 years is $4.83 mil per year. Then they say he will be paid $51 mil in the first two years. So that is $22 mil on top of the signing bonus. So $1.97 of that goes on top of the prorated signing bonus to make $6.8 cap this year. That leaves $20.03 plus $4.83 for a $24.86 mil cap hit next year. That doesn't seem like a good structure.

[htowntexans1985]

Jab at the Ravens by Mr. Kraft?

"I was just trying to stay ahead of the curve. If we were going to have to pay him elite-quarterback money and have elite-quarterback cap numbers, I just didn't think we would be able to build a team. We don't want to have a team where we're paying 18 to 20 percent of the cap to one player.

That's why the Patriots are always in contention for a championship.

[handswarmer]

Originally Posted by Dutchrudder

The Lee Evans deal comes to mind. Didn't you guys pay him like 8 million for that one year? He was useless.

When he was acquired from the Buffalo Bills, Evans had two years and over $7.5 million remaining on his contract; Evans' $3.275 million base salary was reduced to $810,000, with the Ravens giving the 30-year-old receiver a $2.465 million signing bonus that is prorated over the next two seasons. Evans had a $100,000 "likely to be earned incentive" for this season, which has been increased to $150,000 and is tied to his average yards per reception. =he never saw this as he was injured for most of the season- he only had 4 receptions going into the playoffs.

He was cut after the season and only cost us about 4 million.

[HOU-TEX]

Congrats to Joe. Can't put all the blame on the player for getting paid like that.

[HOU-TEX]

Originally Posted by infantrycak

This makes no sense. $29 mil prorated over 6 years is $4.83 mil per year. Then they say he will be paid $51 mil in the first two years. So that is $22 mil on top of the signing bonus. So $1.97 of that goes on top of the prorated signing bonus to make $6.8 cap this year. That leaves $20.03 plus $4.83 for a $24.86 mil cap hit next year. That doesn't seem like a good structure.

This might come back to bite them in the future

Andrew Brandt‏@adbrandt

With a $29M signing bonus, Ravens have pushed out $23.2M of Cap into future years. Created short-term room to operate.

Andrew Brandt‏@adbrandt

Seeing reports of Flacco details: $30M in 2013, $1M salary and $29M bonus, prorated at $5.8M for Cap each year. Cap # of $6.8M.

[handswarmer]

Originally Posted by HOU-TEX

This might come back to bite them in the future

Essentially its a three year deal- Flacco will earn $51 million over the first two years and $62 million over the first three.

Then it will be time to re-negotiate because of the $29 mill cap number...$18 mill salary- most likely, if he is performing at a high level, it will all be converted to a Huge Signing Bonus with 1-2 maybe 3 mill per year salary....and extension of 3 more years....