General manager Ozzie Newsome and the Ravens front office had to wake up smiling the morning after reaching an agreement in principle with Joe Flacco on a six-year, $120.6 million contract that’s expected to be finalized Monday.
The move not only locks up the franchise quarterback for the long haul, but it’s also expected to provide short-term relief to a tight salary cap that would have had a difficult time absorbing a minimum of $14.9 million with the non-exclusive franchise tag. All the terms of the record-setting contract have yet to be released, but the 2013 cap number is just $7 million, according to CBS Sports’ Jason LaCanfora.
Estimated to have roughly $18 million in cap space before accounting for their quarterback or any of their unrestricted, restricted, or exclusive-rights free agents, the Ravens will now have some space to maneuver but not enough to change the entire landscape of their offseason. Moderation will be the key as Newsome will look to sign a couple of his own unrestricted free agents, make wise decisions on his seven restricted free agents, and then turn toward the open market to explore some shrewd signings.
Here’s a rundown of what to expect as the Ravens address their remaining free agents:
No tag this year
The first order of business will be the potential use of the franchise tag as teams have until Monday at 4 p.m. to designate a player if they so desire. Many have begun asking if Newsome and the Ravens will now use the tag on outside linebacker Paul Kruger or inside linebacker Dannell Ellerbe, but we received a preliminary answer to that query just a few days after the Super Bowl.
“If we get a deal done with Joe, we will not franchise another player,” said Newsome as he appealed to owner Steve Bisciotti with a humorous tone. “We will not do that. You are OK with that, right?”
The 2013 tag numbers released by the NFL on Friday suggest that stance isn’t changing as the Ravens would be looking at a $9.6 million cost at the linebacker position. As it relates to Kruger, the pass rusher could contest that he should be considered a defensive end, which commands an $11.175 million tag number for the 2013 season.
Those price tags are far too expensive for Kruger or Ellerbe as the Ravens would be looking at massive cuts to accommodate the franchise tag, regardless of what Flacco’s 2013 cap number ultimately is.
Cuts still coming
We’ve spent plenty of time discussing which veterans might be on the chopping block due to cap constraints and the Ravens will still pull the trigger on a few. It just won’t be the mass exodus that was feared if Flacco had received either of the franchise tag options.
Offensive lineman Bobbie Williams is the easiest decision as the Ravens will clear $1.2 million from their cap by releasing the 36-year-old lineman. Linebackers Brendon Ayanbadejo ($806,000 in savings) and Jameel McClain ($1.8 million saved) are also likely to go, with McClain becoming far more expendable if the Ravens can sign Dannell Ellerbe to a long-term deal before he hits the open market.
It would be an unpopular decision, but fullback Vonta Leach remains an intriguing option to release as it would save $3 million in cap space. Leach is tremendous at what he does as the best pure fullback in the NFL, but the Ravens are clearly moving toward a pass-heavy attack after committing the richest contract in league history to their quarterback.
The 31-year-old Leach took part in just 39.7 percent of the Ravens’ offensive snaps in the postseason, so can you justify devoting that big of a cap number to the fullback with other pressing needs at left tackle and all over the defense? Should they part ways with Leach, tight end Ed Dickson could serve in more of an H-back capacity and the Ravens could look to a younger, cheaper option coming out of college.
The Flacco contract means wide receivers Anquan Boldin and Jacoby Jones are very likely to be safe, but the Ravens could explore reasonable contract extensions for both as they enter the final years of their respective contracts, thus lowering their cap numbers for 2013. This is especially true for Boldin, who carries a $7.5 million number for the upcoming season and proved himself worthy of a couple more years in Baltimore after an outstanding postseason.
Prioritizing unrestricted free agents