APOn Monday, Ravens quarterback Joe Flacco signed his contract.? On Tuesday, the full details have surfaced.
Per a source with his knowledge of the contract, here are the terms:
1.? $29 million signing bonus.
2.? $1 million base salary in 2013.
3.? $15 million option bonus due in 2014.
4.? $6 million base salary in 2014.
5.? $7 million option bonus due in 2015.
6.? $4 million base salary due in 2015.
7.? $18 million base salary in 2016.
8.? $20.6 million base salary in 2017.
9.? $20 million base salary in 2018.
The cap numbers are $6.8 million in 2013, $14.8 million in 2014, $14.55 million in 2015, $28.55 million in 2016, $31.15 million in 2017, and $24.75 million in 2018.
The reduced cap number in the last year of the deal gives the Ravens protection against the 20-percent raise arising from the use of the franchise tag.? The $24.75 million cap number in 2018 becomes a $29.7 million franchise tag in 2019.
Still, it?s the $28.55 million cap number in 2016 that will force a new deal, barring a major (and unexpected) spike in the salary cap.
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