Quarterback Joe Flacco and the Ravens continue to make progress on a new deal that will lower Flacco’s 2016 cap hit, according to multiple reports. Per Jeff Zrebiec of the Baltimore Sun, no deal is expected to be completed today, but both sides remain confident that it will happen this week.
Mike Florio of Pro Football Talk and Jason La Canfora of CBSSports.com (Twitter link) also report that an agreement between the two sides is expected soon. Florio suggests something will likely get done within the next two to four days, while La Canfora says it will happen no earlier than Wednesday. Each report indicates that the Ravens and agent Joe Linta are meeting again today now that the scouting combine has wrapped up.
Flacco, who signed a six-year deal with the Ravens three years ago, is currently projected for a cap hit of $28.55MM in 2016, and that number will increase to $31MM+ in 2017. General manager Ozzie Newsome insisted at the start of the Ravens’ offseason – and recently reiterated – that the team has a plan to work around Flacco’s massive cap hit, but it would obviously make things easier in Baltimore if the club can reduce that figure by $10MM or so.
To create significant cap savings on a new deal for Flacco without creating massive problems in future seasons, the Ravens will likely have to add two or three new years to the quarterback’s contract, extending it rather than simply restructuring it.
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