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Joe Flacco and the Ravens were close to agreeing on a six-year, ~$90 million contract last year, Robert Klemko of USA Today reports.Instead, the two sides put it off, Flacco won Super Bowl MVP, and Baltimore gave him a six-year, $120 million deal last month.
According to Klemko, the difference between the two sides last year was only $166,000 per year:
“That’s $1 million in total value over the course of a six-year offer that would have paid Flacco in the neighbourhood of $35 million in guarantees. Instead, he played out his contract, won the Super Bowl and last week signed a six-year deal with $52 million guaranteed and up to $120.6 million in total.”
So winning the Super Bowl bumped Flacco’s guaranteed money by $17 million, and raised his annual salary from $15 million to $20 million.
It looks like a major blunder in retrospect, but you can’t really fault the Ravens here. Coming into last year, Flacco wasn’t considered a quarterback in the class of Tom Brady or Drew Brees. There was just as good a chance of him regressing as winning Super Bowl MVP.
Still, it was a big missed opportunity to get a QB for under market value.
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