Ravens Exploited Loophole to Circumvent Salary Cap on Flacco Contract

0
Share the News


JOe

Courtesy Citybizlist – Joe Flacco’s salary will only count as $6.8 million against the cap this season, even though he will be paid four times as much as that, Business Insider said, quoting a tweet by ESPN‘s Adam Schefter. Flacco had agreed to a new six-year contract, reportedly at an average $20.1 million per year, with the Baltimore Ravens recently.

The Ravens, howeverare taking advantage of the salary cap loophole that all teams use and giving Flacco the majority of the $30 million that he will make this season as a signing bonus, the report said. This allows the Ravens to spread the cap hit out over the life of the contract, the report said.

Read more at Citybizlist

 

 



Share the News