According to ESPN’s Adam Schefter, talks between the Baltimore Ravens and Joe Flacco’s agent Joe Linta are ongoing. He says a deal can get done very soon or could take some time.
The Ravens will have until Monday (March 4th) to get a deal done with Flacco before they’ll be forced to place the franchise tag on him. If they use the exclusive tag, it will cost them $19.6 million against the salary cap. If they use the non-exclusive tag, the Ravens will owe Flacco $14.5 million for 2013.
If the Ravens to end up tagging Flacco, they’re going to want to give him a new contract as soon as possible so they can lower his cap number to give themselves room to sign some of their own free agents.