Joe Flacco, Ravens Agree to New Contract: Latest Details and Reaction

March 2, 2016   ·   Tyler Conway   ·   Jump to comments

Looking to lower the team's salary-cap burden for the 2016 season, the Baltimore Ravens and quarterback Joe Flacco agreed to restructure his contract on Wednesday.
The team announced the deal after Adam Caplan of ESPN first reported on the agreement. The Ravens will hold a 2 p.m. ET press conference with Flacco on Wednesday.
Caplan reported the quarterback and team agreed on a three-year extension that will keep him in Baltimore until 2021, citing a source. Jason La Canfora of CBS Sports confirmed the report, adding that the new contract "will keep him among the highest-paid QBs in the game."
La Canfora noted the deal will save Baltimore around $6 million this season and over $13 million in the next two seasons. La Canfora also reported the new deal will include quarterback records for bonus money, new money and "other metrics."
While full details of the extension have yet to be made available, Ian Rapoport of NFL Network reported Flacco will rec...

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