After a flawless postseason performance capped by a Super Bowl title and game MVP honors following the 2012 season, Baltimore Ravens quarterback Joe Flacco cashed in with a monster 6-year, $120.6 million contract.
Flacco isn’t going to be confused with Tom Brady or Peyton Manning, but the 7th-year pro gets it done in the big games. He is 10-4 with 21 touchdowns and 8 interceptions in the postseason, including 5-0 with 10 TDs and zero INTs in the past 5.
Flacco signed his deal in early March 2013 and at the time it made him the highest-paid player in the league. It included a $29 million signing bonus, $52 million in guaranteed money and a whopping $51 million over the first 2 years of the pact. He received a $15 option bonus this season.
Heading into the 2014 season, only Packers quarterback Aaron Rodgers ($22 million) and Falcons QB Matt Ryan ($20.75 million) had higher yearly average salaries than Flacco.
Next season, Flacco gets a $4 million base salary that’s guaranteed for injury only and $7 million in an option bonus. His salary-cap figure is $14.55 million.
In 2016, the cap hit gets a little higher: $28.55 million. Thing is, the contract is an ideal candidate for restructure after the first 3 years. If it does get renegotiated, it basically was a 3-year, $62 million deal ($51 million from the first 2 years plus the $11 million due in 2015).
For his career, Flacco has made roughly $75 million.
Flacco turned down a contract before the 2012 season which would have paid him about $15 million annually.
Looks like that paid off.